Maggie DeGennaro, CIPS, TRC, AHWD
Stirling Sotheby's International Realty
Lot's of cut and dried answers here but it's not that simple. The answer is that it depends on the seller's requirements. If you have several places in mind ask your agent to let you know the requirements. There are definitiely some bank seller's that require your proof of funds to be in a US account. I've had three this year where they were insistent on the funds being in a US account.
So, you can leave you money in Canada for most properties, but there will be a few when you'll need a US account.
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When you know you are ready to make a purchase in the US set yourself up with a moneycorp account.
Moneycorp will ensure you get the best foreign exchange rate which will save you thousands on your purchase.
My associate at moneycorp specializes is setting up accounts specifically for real estate transactions to allow both the smooth funding of the escrow and the exchange rate savings, I'll be delighted to introduce you to him if you think that will help.
It looks like the others have covered the PoF questions. Good luck!
Broker, Condo Metropolis Orlando
Bank statement is fine but be careful showing your complete hand, bad for negotiating.
I get my buyers to get a letter from the bank on their letterhead with a bank representatives full contact information stating there are sufficient funds to purchase the property for $???,???. Arrange this with your bank contact before you travel so they will understand and be ready to email or fax to your Realtor at a moments notice, (even if it's new construction, the model home employees work for the builder and have his interest as a first priority).
Good Luck and hope this helps,
Dave Lowe, Real Estate Broker