Clearly the condition of the real estate market and current exchange rates are the 2 biggest factors everyone considers, however there is another consideration that is often over looked until the transaction has been complete. Yes, you guessed it, its one of the two constant factors in life … TAXES! When you sell your US property there are tax considerations that need to be considered and planned for. Failure to do so could result in the IRS holding a significant amount of your sale proceeds for an extended period of time. And before you say ‘I am Canadian they cannot do that’, yes they can and do! Having a significant amount of the proceeds held back could materially impact the decision you made to sell. What if you need those funds for another purchase or investment you want to make? Do you have a plan B in place in case those funds are not available immediately? And don’t forget about Canada – they are going to want a piece of the action to. These tax consequences can seem overwhelming and daunting unless you are provided with proper advice.