Yes, you can purchase properties in CA and the rest of the United States if no loan is required. There are no additional costs to you when purchasing properties other than the exchange rate on your Australian funds. However since you will be paying all-cash, you could command greater bargain on the asking prices.
One thing to keep in mind is that when you decide to sell the property down the line, there will be tax liabilities to consider. I would be happy to provide details on everything you will need to know. Please feel free to contact me directly when you are ready.
All the best,
Oggi Kashi
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to error and omission, and not warranted.
I couldn't have stated it any better than Bill. He is absolutely correct. The only thing I might add would be to pick that area in California that you are interested in and start monitoring prices, not just asking prices but actual selling prices.
As you can imagine, the sale of luxury homes here in California has been tremendously affected by the economy so there are a lot of great bargains to be found!
All the best,
Barbara Grandolfo
Orange County, CA
I am a REALTORĀ® with Better Hones and Gardens Real and also affiliated with its entire national network. I would love to connect you to an agent in California who will be able to help through this transition.
Contact me at 251-216-1244 or MADockery@BHGgo.com
You are more than welcome to purchase a home in CA. Other than the normal and nominal closing costs there are no additional costs. There are numerous non-USA citizens owing property in CA. If you would like, I would be happy to prepare an estimate of buyer's cost worksheet for you. Just send me an email through my profile on Trulia.
Happy Holidays,
The US government actually encourages foreign national investment in residential real estate by not imposing restrictions and guidelines.
As a buyer, there can be other fees and prorations that need to be taken into considerations, taxes, HOA fees, legal fees, title fees, etc. may be part of your closing expense. In US real estate the seller of the property normally pays the fees for professional services(commission) to the brokerage....something a buyer needs not to worry about.
We recommend beginning your search be establishing a relationship with a local real estate company. They will be able to present you with possible options and guide you step-by-step throught the buying process.
Hope this is helpful.
Best wishes,
Bill
941-408-5363
Michael Saunders & Company
billeckler@michaelsaunders.com
