Purchasing A San Diego Property, and how to buy a home in the USA (download important information)
Purchasing California beach homes in the San Diego area has become popular for people all over the world. This major city is also very popular with the rich and the famous, and also offers the advantage of not having as much poparotsy and crowds like other major cities do, for example Los Angeles. The city of San Diego offers many people a discrete, warm welcome as they enter into the luxurious real estate market. Many people all over the world buy US homes including, but not limited to the Chinese, Europeans, Canadians, and Mexicans. Many of these people are purchasing houses and apartments, while the Russian Federation have been interested more in the California beach homes. Russia has experienced an increase in wealth due to oil and mining, which when combined with the San Diego developers are targeting high-end buyers with luxurious properties. To buy real estate United States is a safer market that many foreign investors are wanting. San Diego offers a romantic lifestyle for the rich and the famous.
You do not have to be a US citizen to buy US home. Contrary to what many mistakenly believe, now is a good time to buy a home in USA. There have been recent economic changes that make America the beautiful an attractive place to purchase property. An additional benefit is that many foreigners are eligible for some of the same home financing opportunities that are available for American citizens. You no longer have to worry about your good employment and credit records being lost because many U.S. lenders are now using credit reporting agencies that have certain agreements with European countries to track your current income and assets.
If you would like to buy a home in the US you may need to make a down payment of 35 to 45 percent of the purchase price. This will depend on the individual lender. In most cases purchasing US property is relatively simple for a foreigner, especially when compared to most other countries. It is possible to find your dream San Diego property from the comfort of your own home via the internet.
First, you'll need to obtain quality representation. As a foreigner, it is very important that you find a U.S. real estate agent like Dawn Boquet who is experienced in such sales and can thoroughly brief you on the buying process and best coordinate your property visits with the rest of the prepurchase and purchase details. Contact Dawn directly with your real estate requirements at 858-205-0145 or email dboquet2@Gmail.com
It is also recommend to engage the services of a U.S. real estate attorney to guide you past the pitfalls, tax nuances and other legalities. For example, even as a nonresident, you will still have to pay U.S. real estate taxes. And if you do not have an individual taxpayer identification number or U.S. Social Security number when you sell the place, you may be subject to 10 percent withholding tax. For more details, visit the Web site of the U.S. Internal Revenue Service for rules for foreign owners of American real estate.
California Department of Real Estate (property disclosures in purchase)
Let me have a chance to exceed your expectations, contact me via email or phone at 858-205-0145 for the best in professional real estate service.
International Buyer Blog: United States Introduces Bill to Encourage Foreign Buyer
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