However, you will likely need to come up with a down payment of 20 percent to 25 percent of the purchase price. You will need to find quality representation. As a foreigner, it is very important that you find a U.S. real estate agent who is experienced in such sales and can thoroughly brief you on the buying process and best coordinate your property visits with the rest of the prepurchase and purchase details.
I would also recommend the services of a U.S. real estate attorney to guide you past the pitfalls, tax nuances and other legalities. For example, even as a nonresident, you will still have to pay U.S. real estate taxes. And if you do not have an individual taxpayer identification number or U.S. Social Security number when you sell the place, you may be subject to 10 percent withholding tax.
Please feel free to contact me via phone or email if I can be of further assistance. Good luck :)
Yes there are some restrictions. The most important thing, in my view, is to work with an agent who specializes in this. I am a committee member of the California Association of Realtors International Real Estate Forum and I can refer you to such an agent if you would like me to. Please send me an email with your contact details and I will follow up.
Bernard Gibbons, J. Rockcliff Realtors
DRE License # 01331583
Phone (925) 997-1585 - firstname.lastname@example.org
The link below is all the homes on the market in East Contra Costa County. You can also do your own custom search; it is a direct feed from the local real estate data base (The MLS).