Home Buying in Buffalo>Question Details

Barry, Home Buyer in Redmond, WA

Is it possible to buy a house in Buffalo with a view to letting if your a foreign invester?

Asked by Barry, Redmond, WA Tue Oct 28, 2008

Im Irish and live here in Europe. I wonder if I could buy properties in Buffalo even though im not aresident of the US. I would be buying with a view to letting. Also wondering as a foreign invester am I eligible to buy foreclosure properties and if so could anybody recommend the best way to find properties like these. Many thanks.

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2
Barry,

Anyone can purchase property in the US.....including foreign investors like yourself. With the current real estate market being a "buyer's market" we are experiencing an increase of foreign buyers that view this as a real opportunity.

We just sold to an Irish gentleman, who is currently traveling back and forth, enjoying being in the US and running his business in Ireland. If you are going to be looking for financing, the banks here will require between 30 and 40 percent deposit on the purchase.

If you are considering purchasing "foreclosure" properties banks will require proof of funds in the event you are a cash buyer or a letter of approval for financing from the bank if borrowing to make the purchase.

Your best way to begin the process is to identify an agent that will lead you through the buying process. In the States the "seller" pays for this agent's commission, while you recieve the benefit of expert services. We would be delighted to have one of Buffalo's top agents be in touch with you, if you desire. Please feel free to contact us via email or telephone.

Best regards,

Susan & Bill Eckler, GRI
Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363

2008 Five Star Award for Outsatanding Customer Service
0 votes Thank Flag Link Thu Nov 6, 2008
Hello yes you can. Visit my web-site JohnandAndreaPratt.com

One of our buyers agent is from Ireland
0 votes Thank Flag Link Thu Nov 6, 2008
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