- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (5)
- Cris Anderson, "Cris Anderson"
- Contributions:10
Yes, virtually anyone can "buy" property in the US; however, you may wish to learn more about the regulations when you decide to sell the property. We have a rule that pertains to foreign owners, "non-resident aliens" is the term used in the IRS code, named FIRPTA.
In a nutshell, if you are classified as a non-resident owner (meaning no green card, substantial presence, etc.), there is a requirement upon sale that 10% of the gross sales price be withheld and paid to the IRS. This is done so that you would have to file a US tax return if you wish all or a part of it back.
There are exemptions to the rule, such as when the property is used by you as a principal residence, or involved in a 1031 tax-deferred exchange; but, with all exemptions, you would need to carefully study those prior to selling your property. Here is a link that I hope works where you can learn more about FIRPTA:
http://apiexchange.com/index_main.php?id=8&idz=89.
Hope this helps! Take care and good luck - and please call if you have more questions.
In a nutshell, if you are classified as a non-resident owner (meaning no green card, substantial presence, etc.), there is a requirement upon sale that 10% of the gross sales price be withheld and paid to the IRS. This is done so that you would have to file a US tax return if you wish all or a part of it back.
There are exemptions to the rule, such as when the property is used by you as a principal residence, or involved in a 1031 tax-deferred exchange; but, with all exemptions, you would need to carefully study those prior to selling your property. Here is a link that I hope works where you can learn more about FIRPTA:
http://apiexchange.com/index_main.php?id=8&idz=89.
Hope this helps! Take care and good luck - and please call if you have more questions.
- Core Homes and Properties, "Queens Realtor"
- Contributions:1
Yes you may, but it has to be 100% cash deal since you might not qualify for any mortgage.
Please let me know if you are thinking to buy anything in New York, perhaps I can help.
Good Luck
Anu
Please let me know if you are thinking to buy anything in New York, perhaps I can help.
Good Luck
Anu
- Paul Dinerstein, "Long Island NY"
- Contributions:64
Sohil,
You can buy here and also can get financing if needed. If you have an acquaintance to recommend a real estate agent, start there. That person can hook you up with a lender and an attorney. The three should be able to guide you. No agent? Find an attorney local to your area of interest who specializes in real estate. Learn the legalities from him/her and be guided towards an agent and/or a lender.....Paul
You can buy here and also can get financing if needed. If you have an acquaintance to recommend a real estate agent, start there. That person can hook you up with a lender and an attorney. The three should be able to guide you. No agent? Find an attorney local to your area of interest who specializes in real estate. Learn the legalities from him/her and be guided towards an agent and/or a lender.....Paul
- Sharon Lewis, "Sharon Lewis"
- Contributions:3923
Yes you can purchase in the USA, where were you thinking of buying?
- Real Estate Investments, "Marco Santarelli"
- Contributions:264
Yes you can. Typically you would need to make an "all cash" puchase because there is no financing by lenders. however, we have two seller financing programs for foreign nationals - Atlanta and Kansas City.
Feel free to contact me anytime.
Good luck!
Feel free to contact me anytime.
Good luck!
Sir Im indian citizen can i buy home in usa as investment purpose please let me know my eligiblity
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.