For sure, it is possible for foreigners buying property in USA. The US Real Estate market has its own specifics and it's literally impossible to get a financing as a foreign investor there. I have found a great blog about this topic: Buying Property in USA ( http://www.buyingpropertyinusa.net/ )

Good day Mr. Raza,

The answers you have recived are all very good and continue to illustrate the quality of professional who posts on Trulia.com.

There will of course be some legal and financial hurdles to navigate but that is the same with any transaction. We have experts who work to make the process as stress free as possible with the primary goal of protecting YOUR position.

I believe the USA market in general is a good investment but as we all know, all real estate is local. My perception is that there are many markets that rose so high during the bubble that they still have not hit bottom For a gambler these may be a fertile market for purchases but I think the markets I serve are a more predictable play.

Of course I would think this way but news reports and analysis by CNN, Business Week and CNBC bears out my view. With local guidance there are fantastic buys on land, residential, commercial, development tracts. Many can immediately create cash flow or be held for the next big price move. The region from Panama City Beach/Destim/Seaside Florida (with the new International Airport under construction) to Orange Beach/Mobile/Dauphin Island Alabama (with Airbus EADS's 40billion US Airforce contract) and onto Biloxi, MS is either growing in value while others are contracting or finding a base of value to rebound from with all the positive economic news bolstering this region.

If you are not familiar with this region called the Forgotten Gulf(TM) , Emerald Coast and Forgotten Gulf then you owe it to yourself to take a few minutes and do some research. If you need help with real estate/business in this region please let us be you guide.

Best regards,
Marion

Marion Laney

Realtor®

Alabama Realty, LLC

Mobile & Dauphin Island

251-650-4017

http://www.ForgottenGulf.com

mlaney@forgottengulf.com

Coastal investment/2nd home/consulting/1031's

GO Zone (Federal Gulf Opportunity Zone)
(also licensed in Florida)

Yes you can. You only need proof of residency and a valid indentification such as a visa.

You bet. In the Phoenix market requirements consist of valid Visa, show proof you can come and go freely and provide proof or residence in country of origin. Obtaining financing usually consists of 20-30% down and rates are 1% higher on posted rates depending on lender. Upon selling property in the US things change for foreign buyers.

Yes foreigners are allowed to own property in the USA. Some lenders if a loan is required request more money down. The conversion of the dollar makes buying in the USA a great buy. The only time owning a property by a foreigner is effected is when they sell the property.

As everyone else has told you, you are able to buy property here in the States even if you live in another country. I don't know about other states but here California, I know certain taxes are attached to the purchase and disclosures need to be made. Good luck

Yes. You can email me, and I can go through the process with you. It is not much different than the average US citizen buying a property.

In some cases, depending on where you reside, one could even get a domestic, (US) mortgage on the property.

Yes, there are mortgages for international borrowers.

Yes. Cash purchases are relatively straightforward. If there is financing (mortgage) involved, things get a little stickier with residence requirements.