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
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!
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