Can Foreigners Buy Property in the U.S.? The simple answer is yes. Foreigners are buying a lot of property in the U.S. in this real estate recession, and the laws of the United States welcome buyers from almost anywhere.
One of the challenges can be financing. If you are a foreigner and want to buy property in the the U.S., you may be required to put down a larger down payment, but in these challenging times for real estate financing, it is not uncommon for buyers, local or foreign, to put down 20% or more. Depending on your financials, you may be required to put down as much as 50%. If you’re a cash buyer, this simplifies everything.
Foreigners Buy Property Across U.S.
As a nonresident, you will still have to pay U.S. real estate taxes. If you do not have an individual taxpayer identification number or U.S. Social Security number when you sell the property, you may be subject to 10 percent withholding tax. There are some rules and procedures for buying and selling if you are a foreigner, but it is not bad.
Property can be searched in the entire Northwest region of Washington state at: Search Real Estate Listings.
Last Updated on November 25, 2011 by Chuck Marunde