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Property Q&A in 94108 : Real Estate Advice

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  • Home Buying1
  • Home Selling1
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Activity 2
Wed Jul 7, 2010
Oggi Kashi answered:
Wendy,

Have you read my blog post titled: "What do you get? For how much? Where in San Francisco?"

Here is the link:

http://www.trulia.com/blog/oggikashi/2010/06/what_do_you_get_for_how_much_where_in_san_francisco

Oggi Kashi,
Broker Associate - DRE 1844627
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Fri Jan 23, 2009
Luba Muzichenko answered:
Добрый день Anton,

As some of the other respondents mentioned, this property likely won't end up selling at the price listed on Trulia. But there are many great deals to be found in San Francisco in 2009.

It is possible to purchase property in the United States, even though you do not live here. The main thing to consider is whether you want to purchase a property using a loan or whether you want to pay cash for the property. An all cash purchase is definitely much simpler, however, loans are available for foreign nationals, although rates are typically higher than they would be for US citizens.

Also, one more thing to keep in mind is that even as a non-resident, you will still have to pay U.S. real estate taxes. And you may be subject to a withholding tax when you sell the property if you do not have a U.S. tax ID number or social security number.

There are many Russian investors buying property in the United States and taking advantage of some of the bargains that are available now. If you are interested in finding out more information, please don't hesitate to contact me.

Best regards,
Luba "Любовь" Muzichenko
REALTOR®
Zephyr Real Estate
415-307-1392
luba@zephyrsf.com
License #01768716
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