Hi I am from Australia and visit San DIego a couple of times a year. Is it possible for me to buy there?

Lauren
Home Buyer
92131

Answers (2)
Tara Steinke
Agent
San Diego, CA

Yes. Foreign nationals buy real estate in California all the time. If you have 100% cash funds it is easier. We just closed a sale with a national of Dubai with no problem. If you are looking to finance a portion of the purchase I would suggest working with a lender that is a mortgage bank (can loan their own money) that can also broker loans out to other investors. I have a good one local to San Diego. Let me know if you would like that contact information.

San Diego is a beautiful city and property here will always be desireable. As most of the rest of the US, we've seen significant reductions in pricing and it is a very opportune time to make a purchase. There are analysts that are predicting a housing shortage in San Diego within 3 years.... so buy in the near future!

Tara

Tara Steinke
San Diego Specialist
Residential Sales and Appraisal
619-384-6014
SDRealtor.Tara@gmail.com

Tue Jun 30 2009, 09:53
Marilyn Harrell
Agent
Gladwin, MI
FIRST ANSWER

Lauren, If you have the money to purchase land or property I would think you could buy anywhere! If you're not a cash buyer and need a loan, typically, you'll have to have a job, a decent credit score and meet other criteria to qualify for a loan. I suggest talking to a lender before contacting a real estate agent so you know what price range you will want to purchase in! Good Luck!

Tue Jun 30 2009, 04:08

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