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Answers (6)
Yes you can! We have many foreign real estate owners here (2nd homes, retirement, investment). There are some tax implications, visa opportunities, and it might be possible to do some financing. I would consult a real estate professional if you are interested as every situation is unique.
Mahalo!
Edith Kovnat-Reichert, Certified International Property Specialist (CIPS).
Mahalo!
Edith Kovnat-Reichert, Certified International Property Specialist (CIPS).
- Ron Lee, "TigardRealEstate"
- Contributions:68
Absolutely....Unlike many other countries do, the US does not prevent foreign investment in single family homes. WELCOME!
- Tom Tezak, "tom tezak"
- Contributions:128
Home ownership is not limited to U.S. Citizens, I do quite a bit of business with foreign nationals, it does require some additional documentation. however I have a great team of affiliates that are very capable of getting the sales completed with the least amount of frustration. I also have lenders that are able to finance foreign buyers in the event you are in need of a mortgage to purchase. Aloha And Good Luck
- Gary Coffin, "garycoffin"
- Contributions:6
I am not aware of any restrictions on individuals who are not U.S. citizens purchasing real estate. However, you may want to speak with a CPA or tax attorney to obtain information about potential tax implications on non U.S. citizens when they sell property. I know if a non U.S. citizens is selling real estate, under certain circumstances, the closing attorney or title company must withhold 10% of the sales price from the seller and submit it to the IRS. This is done to make certain any potential federal taxes due as a result of the sale are paid. I realize you are not in that position now, but it may be good information to obtain prior to purchasing.
- Georgina Hunter, "RealMaui"
- Contributions:161
You don't have to be American to own property here in the US. Isn't that great!?
Let me know if you have any other questions.
Aloha, Georgie Hunter R(S)
Let me know if you have any other questions.
Aloha, Georgie Hunter R(S)
- wetdawgs
- Contributions:26854
There are no citizenship or residency requirements for home purchase in the US. Of course, you have to have the money for the purchase. Lenders shy away from non-US sourced income.
can i buy a house if i am a citizen of Russia?
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