International buyer buying resale

[Kylie_1504]

Are there a drawbacks for seller’s or even agents dealing with me as a international buyer?
For example: if they had 2 offers, one mine and a local, would they pick the local due to ease or less of a burden? I have no idea if it lengthens the process or not?
-We would be ‘cash’ buyers from Australia

 

[meanwoodwhite]

Not in my experience. It is all done remotely other than signing the closing documents and sending them back.

 

[Kylie_1504]

Not in my experience. It is all done remotely other than signing the closing documents and sending them back.

Thank you, and signing and sending back is that electronic, and what is notarized do I have to do that? I haven’t heard of that term, is that like a legal person to verify you?

 

[Cony]

I’m also an international buyer. If the seller is from the states, there’s no difference. If buyer is also international, my broker told me the process would be longer (something with the taxes) so they usually would rather sell to someone in the states.

I’m in the ROFR phase and paying cash; so far nothing’s notarized.

 

[meanwoodwhite]

A notary is a legal profession yes, its not widely used here in the UK either. Its mainly just someone trusted to watch you sign the document its mainly done in mainland Europe and US but you can find a few solicitors who are trained notaries locally if you Google im sure you'd find some in Australia. I've seen conflicting reports that notaries are always needed. If you are paying cash it may not be needed but id ask the broker.

All contracts are signed electronically up until closing documents which may needed to be signed physically if a notary is required.

 

[Ruttangel]

The only major drawback I experienced is that the biggest movement in the value of your contract cost will be currency exchange rate. Selling is better when exchange rate poor and buying better when exchange rate good.
All documents I signed were electronic and seemless

 

[Madame]

If the seller is also international, you will need an ITIN (like Social Security number) for the IRS. If the seller is American, no difference.

 

[macman123]

I am in the UK and have brought 2 resale contracts.

Made no difference at all. Signed everything electronically.

If you sell you will need an ITIN

 

[sethschroeder]

A notary is a legal profession yes, its not widely used here in the UK either. Its mainly just someone trusted to watch you sign the document its mainly done in mainland Europe and US but you can find a few solicitors who are trained notaries locally if you Google im sure you'd find some in Australia. I've seen conflicting reports that notaries are always needed. If you are paying cash it may not be needed but id ask the broker.

All contracts are signed electronically up until closing documents which may needed to be signed physically if a notary is required.

I only needed a notary to sell not to buy.

 

[Royal Consort]

Are there a drawbacks for seller’s or even agents dealing with me as a international buyer?
For example: if they had 2 offers, one mine and a local, would they pick the local due to ease or less of a burden? I have no idea if it lengthens the process or not?
-We would be ‘cash’ buyers from Australia

I'm an Aussie too (hey Kylie_1504!) And recently added on resale.

There is no difference if you make an offer here or the US: buyer is treated the same. You won't have to notarise anything from the US consulate unless you are financing (you aren't), or buying Aulani (cash or financed due to Hawaiian law). If the seller is also international (usually stated on the listing) this can create more work.

 

[Aussie RJ]

Hi Kylie, echoing Royal Consort above, I needed a Notary for a resale Aulani contract even though I wasn't financing. A notary in Australia is a slight pain as a simple 'justice of peace' is not recognised. We had to see a solicitor for the notary then send the contract to the department of foreign affairs for an Apostille. This added about $300 to the closing and about 1 month of additional time.

 

[macman123]

Buying I didnt need a notary...... Only the seller does (so I am told)

 

[Royal Consort]

Hi Kylie, echoing Royal Consort above, I needed a Notary for a resale Aulani contract even though I wasn't financing. A notary in Australia is a slight pain as a simple 'justice of peace' is not recognised. We had to see a solicitor for the notary then send the contract to the department of foreign affairs for an Apostille. This added about $300 to the closing and about 1 month of additional time.

Just curious, were you some distance from the consulate that you were required to use an Apostille?

 

[Aussie RJ]

Just curious, were you some distance from the consulate that you were required to use an Apostille?

I was told that I would need to make a booking for the right person at the consulate. They gave me an option of a 4 week wait.