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    How to Buy a Home in USA; Complete Guide to American Dream: Foreign Consulting, #1
    How to Buy a Home in USA; Complete Guide to American Dream: Foreign Consulting, #1
    How to Buy a Home in USA; Complete Guide to American Dream: Foreign Consulting, #1
    Ebook141 pages52 minutes

    How to Buy a Home in USA; Complete Guide to American Dream: Foreign Consulting, #1

    By Foreign Advisory

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    About this ebook

    COMPLETE GUIDE TO AMERICAN DREAM

    If you are moving to the USA (United States of America) from overseas and want a quick guide on how to get started, this book is just for you! This guide will help you find your way around in the new country, know what documents you need, and provide some tips on settling in. 

    The American Dream is alive and well, and it's available for anyone who wants it. Moving to America offers many benefits, the most notable being that moving to America means moving towards a better opportunity in the largest economy in the world.

     

    Can foreigners buy a house in the USA?

    Yes, foreigners can buy houses in the USA. The process is pretty simple, and foreigners may purchase any type of real estate, including residential property, commercial property, or land. 

    This guide provides information on buying property in America as a foreign national from start to finish, including important considerations for US Newcomers or recent immigrants on a visa or non-resident foreign investors looking to buy property in the USA. 

    LanguageEnglish
    PublisherRoyal Hawaiian Press
    Release dateFeb 25, 2023
    ISBN9798215028964
    How to Buy a Home in USA; Complete Guide to American Dream: Foreign Consulting, #1

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      Book preview

      How to Buy a Home in USA; Complete Guide to American Dream - Foreign Advisory

      Can foreigners buy a house in the USA?

      Yes, foreigners can buy houses in the USA. The process is pretty simple, and foreigners may purchase any type of real estate, including residential property, commercial property, or land.

      Go through this guide to learn about the requirements, process, and tax implications of buying a home in the US as a foreigner.

      Landscape of foreign real estate transactions in the US

      Per the National Association of Realtors (NAR), foreign nationals purchased $74 billion worth of US existing home sales during April 2019 March 2020 ($153B at its peak in 2017). Additionally, 60% of foreign buyers were recent immigrants (newcomers) or visa holders in the United States. The remaining ~40% are non-resident buyers.

      Foreigners bought 107,000 existing home units worth $54.4 Billion from April 2020 – March 2021, down 30% in terms of the number of units (154,000 units during the same period last year) and down 27% in terms of dollar volume ($74 Billion during the same period last year).

      This decrease can be attributed to the shrinking of foreign travel due to Covid-19.

      The following infographic provides insight into the landscape of foreign real estate transactions in the US:

      Infographic for foreign real estate transactions in the US

      Foreign Real Estate Transactions from Apr’ 19-Mar’20, Source: NAR

      Documents Foreigners Needs to Buy Property in the USA

      Depending on the mortgage lender you choose, you could have to provide any or all of the following:

      A valid foreign

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