can we buy a house in NJ as a citizen of germany and currently residing in south africa?we are german
citizen and my husband is currently working in zambia and our homebase is in south africa.
we will stay in NJ at least 3 times a year and my daughter will stay while she is studying in NY.
Questios:
1.Yes or No
2.what are the prerequisites form us in buying a house?
3.Is it possible to apply or receive a morgage from the bank and what could be the requirements for this?
4What are the closing costs?
5.How much will the gov.,state,taxes yearly for the house?
Can we insure the house for any calamity?
6. what are other costs?
I don't live in NJ, but I am originally from Europe and I can answer some of your questions:
1. Yes
2. Regular local or state contract (nothing special or extra for international buyers)
3. Yes, you can get the loan from US bank (it will not be an easiest part of the home buying process)
4. Have no clue. You need to talk to local realtor
5. Taxes depend on municipality. Yes, you can insure home
I hope my answer will help you a bit
Yes it is possible, taxes depend on municipality, some towns have higher taxes than others and also on the size and age of the property, your daughter should contact a local realtor when she is over here and find the unit or house she would like to purchase. A mortgage company needs to be contacted to see if they are able to finance, as I responded earlier they do require more than 30% down payment. closing costs depend on the Purchase price. Feel free to contact my e-mail for info on some possible lenders and properties, mia@villonrealty.com
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