How to buy a house in usa as a foreigner
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There are many companies that specialize in this type of thing. My company Holton-Wise is one of them. We assist investors from all over the globe who want to buy profitable rental properties in the U.S. We handle everything from scouting the properties, to brokering the sale, to renovations, property management, maintenance, insurance & the eventual sale of the asset.
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Yes, foreign citizens can definitely buy a investment property in US. Foreign investors, especially Chinese, have been huge investors in US real estate market as it provides them healthy rental income, good appreciation and a secure investment process.
You should start with finding a good real estate consultant who can help you with managing your finance and investment from your country. I have worked with http://myah.in who specialize in helping Indian and other foreign investors invest in US real estate.
It is quite simple to do so with cash. You can even get a mortgage but that takes time. You need at least 40% down payment.
You do, however, need to apply for and get the ITIN(Individual tax identification number) since you can’t get a social security number.
You need to contact a real estate agent in the area where you want to purchase. With internet, you can get listings with virtual tour and do a lot of initial shopping on line.
But I would never recommend anyone buying property without physically looking at it. You should plan a visit to look at properties.
The closing of the transaction can be done without you being present with power of attorney given to someone.
This does not guarantee that you will get a visa however.
Real estate agents use Internet and their personal and business relations for finding buyers. Their job is to match properties with needs and they charge commission for the service. Your request for quick sale of your home will put the realtors in a rush mode and they might try convincing you to accept a low profit deal. Also the buyers could try taking advantage of your need.Visit here:- PureVolume™ | We're Listening To You
Engage the services of a professional real estate agent to help you identify and contract on a property, and close the purchase.
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