Home Buying in Austin>Question Details

James, Home Buyer in San Jose, CA

Can a foreigner buy a house in Austin, Texas ?

Asked by James, San Jose, CA Sat Apr 4, 2009

My brother came to visit Austin from China. Is it legal for him to buy ahouse in Texas ?

Thank for you reponses.

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Absolutely! Here is an interesting article on this very topic. International real estate purchases in the U.S. continue to be a significant share of business for many Realtors, according to the 2008 National Association of Realtors® Profile of International Home Buying Activity.

This new research indicates that international buying activity in the U.S. is widespread. NAR estimates that between 150,000 and 190,000 homes were sold to foreign nationals from May 2007 to May 2008. Recent foreign buyers purchased properties in every state and the District of Columbia. The most popular states where international buyers purchased homes are Florida, California and Texas. Arizona, New York, Washington and Nevada were also popular. Read more: http://www.realtor.org/press_room/news_releases/2008/08/real…

You can also search more homes by visiting us at, http://www.BuyersHouseRealty.com

Keep in mind when using our service, you will receive 75% of our commission that we receive from the seller or builder. An example: $400,000 x *3% Buyer Agent Commission = $12,000 x 75% = $9000 Reward you will receive after closing.

If you have specific questions please contact me directly at 512.663.9519.
0 votes Thank Flag Link Sat Apr 4, 2009
Just sold a condo to a nice couple from Turkey.
0 votes Thank Flag Link Sat Apr 4, 2009
Yes. First steps first. Contact a reputable lender first to get started. I recommend Gerald McChesney and he can be reached at mcmtgman@austin.rr.com or (512) 343-4593. Then you will have some knowledge to go forward. I wish I had a name of a Chinese lender, but hopefully communications will go well.

We are at http://www.TopKWGroup.com

Web Reference: http://www.topkwgroup.com
0 votes Thank Flag Link Sat Apr 4, 2009

Hello. Short answer to your question - yes. With proper documentation and verifiable funds, he will be able to purchase property here in Austin.

Ritch Haenke, Realtor
Coldwell Banker United
0 votes Thank Flag Link Sat Apr 4, 2009

It is absolutely legal for your brother to buy a home here in Texas. There are a few more lending requirements that have to be met in order to qualify for a loan. If he is paying cash then he will need to establish himself with a Tax Payer Identification number. It seems he would be buying an investment property, if this is the case, take a look near campus, you will find a much more protected investment there.

Happy Hunting!
0 votes Thank Flag Link Sat Apr 4, 2009
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