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Jeff Daniel

Trulia Pro
"Associate Broker"
Experience:
Associate Broker for Coldwell Banker Ocean Beach Properties January 2007—present
Assist Company Owners with the company.
Specialties:
Selling Sand! I love it out here, but, there are some crummy areas. Let's talk about the area before you decide on a lot or home.
Certifications
& Awards:
Associate Broker - Coldwell Banker Ocean Beach Properties
2008 International Diamond Society Award
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Interests:
Kayak Surfing
About:
A Little Bit About Me:
I am driven to surpass my client's expectations and have a track record to prove it. My clients understand from the beginning
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Testimonials:
""Last month we purchased a beautiful home through Coldwell Banker at Ocean Shores, WA. This home was purchased completely sight-unseen, and is located ... show more

Buying US real estate as a Canadien Citicen.

Jeff Daniel answered:
Hi Rolf,

A few things:

1. Talk to an accountant that is experienced with American real estate investment as the countries differ considerably in terms of taxation of investment properties.

2. The subprime market meltdown has had a dramatic impact on the U.S. lending environment. Because of the economic crisis, lender guidelines and policies have changed dramatically in both countries. In the U.S., there were many mortgages given to just about any candidate. Many individuals were given mortgages beyond their means. When the first large phase of ARM (adjustable rate mortgages) began to raise their rates, foreclosures began popping up all across the nation. Canadians need not fear the same crash here thanks to very different lending environments.

3. Understand that America is also the only country that I know of that allows you to deduct the interest you pay on your mortgage, from your personal income tax return.

Other than these few pointers, you can absolutely buy property here in America and specifically here in Ocean Shores. I would recommend that you contact Debbie Marten at Andrews Legal Services here in town. She deals with a lot of foreigners who do buy property here at the beach. Her number is 360.289.0766.

If I can be of further service, feel free to contact me via email at jeffgdaniel@hotmail.com or fee free to browse more info about Ocean Shores on http://www.cityofoceanshores.com. Thanks and good luck! - Mon Sep 22 2008, 14:44

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