Question Details

Nickolas, Home Buyer in Ukraine

Can a non-resident of United States buy real estate in USA?

Asked by Nickolas, Ukraine Wed Oct 22, 2008

Hi, I'm a resident of Ukraine can i buy a house in USA? If yes, do I have to pay any extra tax and can I buy it in any of the states. Thank you for you answers in advance.

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Answers

3
I am an Armenian citizen can I buy a house in USA.
Thank you.
0 votes Thank Flag Link Thu Jul 26, 2012
Nickolas,

Yes you can. The US Goverment will tax 10% on sales price of the home as a impound account, to make sure tax gets paid. Example: $ 250,000 sales price = $25,000 goverment tax impound.

Nickolas, please do not hesitate to call me anytime with any questions you may have.

We have unbelivable deals on the market here in Las Vegas.

Very truly yours,

Edgar Theisen, REALTOR ABR, GRI
ETSellsVegas@yahoo.com
702-375-5912
Web Reference: http://ETSellasVegas.com
0 votes Thank Flag Link Wed Oct 22, 2008
Hi
I'm an egyptian citizen, Can I buy a home in USA however I don't mind to get an extra tax but is there any terms & conditions I need to know before making this step
Regards
Amira
Flag Sat Sep 15, 2012
Nikolas,

Yes, you can purchase property as a non-resident alien.

The tax liability you will incur will be when you sell the property. The US government wants to make sure you pay them a percentage of the sales price when you sell and that amounts to 10%. So if you bought a home for 350 thousand, the title/Escrow company handling the transfer of the paperwork would hold back 35% of any equity in the property.

The tax is know as FIRPTA and you can review the information on t it here:

http://www.aaronline.com/documents/firpta.aspx

and also here: http://www.irs.gov/pub/irs-pdf/p515.pdf

Be sure to review the "Exemption' section as well.

Should you need assistance purchasing property here in the Phoenix, Arizona area I would be happy to help you.

All The Best!

Stew
Web Reference: http://www.stewkeene.com
0 votes Thank Flag Link Wed Oct 22, 2008
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