Home Buying in USA>Question Details

Hamid Raza, Home Buyer in Dubai

Are foreigners allowed to buy property?

Asked by Hamid Raza, Dubai Wed Nov 28, 2007

0 votes Share Flag Home Buying in USA

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Answers

23
Dear Mr. Raza,

Our website contains a whole section dedicated to Foreign Buyers... please check it out.

Best,

Ricardo Mello
5 votes Thank Flag Link Fri Jul 1, 2011
For sure, it is possible for foreigners buying property in USA. The US Real Estate market has its own specifics and it's literally impossible to get a financing as a foreign investor there. I have found a great blog about this topic: Buying Property in USA ( http://www.buyingpropertyinusa.net/ )
2 votes Thank Flag Link Wed Dec 2, 2009
Yes foreigners are allowed to own property in the USA. Some lenders if a loan is required request more money down. The conversion of the dollar makes buying in the USA a great buy. The only time owning a property by a foreigner is effected is when they sell the property.
2 votes Thank Flag Link Thu Nov 29, 2007
can i live in usa if i buy property?
1 vote Thank Flag Link Fri Sep 13, 2013
Yes, but you must still acquire the proper paperwork from the government. There are some rules and regulations involved, so we recommend you speak with one of our real estate professionals. Please contact Globenet Realty at 714.988.8399 or visit us on the web at http://www.globenetrealty.com.
Flag Fri Sep 13, 2013
if i buy property can i get green card?
1 vote Thank Flag Link Fri Sep 13, 2013
Yes. You can email me, and I can go through the process with you. It is not much different than the average US citizen buying a property.

In some cases, depending on where you reside, one could even get a domestic, (US) mortgage on the property.
Web Reference: http://www.iansellsnola.com
1 vote Thank Flag Link Wed Nov 28, 2007
Yes, there are mortgages for international borrowers.
1 vote Thank Flag Link Wed Nov 28, 2007
Yes. Cash purchases are relatively straightforward. If there is financing (mortgage) involved, things get a little stickier with residence requirements.
1 vote Thank Flag Link Wed Nov 28, 2007
I'm from UK if I bought property in USA and don't intend to work how long could I stay? as a visa only last for 3 month.
Thank you
Ian
0 votes Thank Flag Link Mon Jan 11, 2016
please see our website for more info

http://buyinghouseinusa.com/
0 votes Thank Flag Link Sat Jun 13, 2015
yes they can, please go to this website for more info

http://buyinghouseinusa.com/
0 votes Thank Flag Link Sat Jun 13, 2015
Yes.for condoiniums units.Specially and Ayala Land Corporation in the Philippines.We are very accommodating in terms of requirements of foreigners.

Regards,
Catrina l. alabaso
alabaso.cathy@ayalaland-intl.com
09983125535
0 votes Thank Flag Link Mon Mar 23, 2015
how the foreigner buy property in USA
0 votes Thank Flag Link Tue Aug 12, 2014
Yes, non US citizens are allowed to buy a property in the US. This applies to apartments, duplexes, condominiums and single family homes.

In a lot of cases, foreigners will usually make cash purchases for properties in the US but mortgages are available to non US citizens.

Web Reference : http://www.globenetrealty.com
0 votes Thank Flag Link Wed Aug 21, 2013
Adding a bit of a twist to this question... Is New York a better investment than London?

Check out our latest blog post...
0 votes Thank Flag Link Sun Dec 4, 2011
Yes!!! Generally most of these transactions are cash purchases.

Here is a Blog on Trulia that I received posted should help point you in the right direction:
http://www.trulia.com/blog/HeatherPaul/2011/11/as_a_foreigne…

Have a great day,
Heather Paul, Realtor
Coldwell Banker
310-586-0364
0 votes Thank Flag Link Sat Nov 19, 2011
Yes, foreigners are allowed to buy homes in USA.
Visit http://www.BuyHomeInUS.com, it contains a lot of information on this subject.
Even under the present credit situation, foreigners are able to get a US$ loan from a US bank here in California, provided the down payment is high 40-50%. The interest rate is slightly higher than for US nationals.
The prices here in Northern California are compelling 1/3 of the original values at the peak.
The rental yields are great as well around 10%. There are tax issues, you should contact your cpa on those.
Web Reference: http://www.BuyHomeInUS.com
0 votes Thank Flag Link Mon Aug 1, 2011
Yes Yes Yes and yes but but but.
Consulting an immigration attorney is smart smart smart.

The yes man
0 votes Thank Flag Link Thu Sep 23, 2010
Yes they can, cash deals are no problem. Financing could be difficult however
Web Reference: http://mypbchomes.com
0 votes Thank Flag Link Thu Apr 1, 2010
Good day Mr. Raza,

The answers you have recived are all very good and continue to illustrate the quality of professional who posts on Trulia.com.

There will of course be some legal and financial hurdles to navigate but that is the same with any transaction. We have experts who work to make the process as stress free as possible with the primary goal of protecting YOUR position.

I believe the USA market in general is a good investment but as we all know, all real estate is local. My perception is that there are many markets that rose so high during the bubble that they still have not hit bottom For a gambler these may be a fertile market for purchases but I think the markets I serve are a more predictable play.

Of course I would think this way but news reports and analysis by CNN, Business Week and CNBC bears out my view. With local guidance there are fantastic buys on land, residential, commercial, development tracts. Many can immediately create cash flow or be held for the next big price move. The region from Panama City Beach/Destim/Seaside Florida (with the new International Airport under construction) to Orange Beach/Mobile/Dauphin Island Alabama (with Airbus EADS's 40billion US Airforce contract) and onto Biloxi, MS is either growing in value while others are contracting or finding a base of value to rebound from with all the positive economic news bolstering this region.

If you are not familiar with this region called the Forgotten Gulf(TM) , Emerald Coast and Forgotten Gulf then you owe it to yourself to take a few minutes and do some research. If you need help with real estate/business in this region please let us be you guide.

Best regards,
Marion

Marion Laney

Realtor®

Alabama Realty, LLC

Mobile & Dauphin Island

251-650-4017

http://www.ForgottenGulf.com

mlaney@forgottengulf.com

Coastal investment/2nd home/consulting/1031's

GO Zone (Federal Gulf Opportunity Zone)
(also licensed in Florida)
0 votes Thank Flag Link Mon May 26, 2008
Yes you can. You only need proof of residency and a valid indentification such as a visa.
0 votes Thank Flag Link Fri May 2, 2008
You bet. In the Phoenix market requirements consist of valid Visa, show proof you can come and go freely and provide proof or residence in country of origin. Obtaining financing usually consists of 20-30% down and rates are 1% higher on posted rates depending on lender. Upon selling property in the US things change for foreign buyers.
Web Reference: http://www.4salebyadam
0 votes Thank Flag Link Wed Apr 2, 2008
As everyone else has told you, you are able to buy property here in the States even if you live in another country. I don't know about other states but here California, I know certain taxes are attached to the purchase and disclosures need to be made. Good luck
0 votes Thank Flag Link Wed Nov 28, 2007
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