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Foreign Investors Buyers
Now is the best time for foreigner to buy and/or Invest in Florida Whether you are looking to buy, sell, rent, or invest in Florida we could help you. As Real Estate professionals we have the knowledge, the experience the technology and the assurance to give you the best personalizes service according to your needs. Prices and Interest Rates are near historical lows and there is a huge selection of properties on the market. Buying an investment real estate in Florida is not as complicated as it is anywhere else in the world. At this time financing in The US is tight and lender programs for foreigners are hard to find. Mortgage loan availability depends on economic conditions, your individual situation, and your financial ability.
In the United States there are very few restrictions on international real estate investors, buyers, or sellers. As an international investor (foreign national) you may take title to real estate in your own name, in the name of a corporation, a partnership, a real estate investment trust (REIT), or a foreign pension plan.
As a foreign national investor purchasing property in the United States you may acquire, transfer, or be involved in a real estate transaction without the permission or approval from any federal, state, or local governmental entity. Most probably you won't be eligible to receive a U.S. Social Security Number (SSN), which is also a U.S. citizen's Taxpayer Identification Number (TIN). Instead you are required to obtain an Individual Taxpayer Identification Number (ITIN). When Buying with Cash Brought into the United States there can be issues concerning the amount, its transfer into the United States, and how it was obtained.
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Foreign investors are finding plenty of deals in the U.S. when it comes to real estate, and, as such, more international investors are flocking to key states to buy their piece of the American Dream.
Mexico is the top country of origin for foreign buyers purchasing U.S. homes, according to a recent study by Credit Sesame, which used National Association of REALTORS® data for its findings.
“In this period of tremendous uncertainly globally, real estate here is a safe haven,” Susan Wachter, professor of real estate and finance at University of Pennsylvania, told MSNBC.com.
The top destinations of foreign investors for U.S. real estate purchases are:
1. Florida: Thirty-one percent of all home purchases in that state are made by foreign buyers, with most coming from Cuba, Haiti, and Colombia.
2. California: 12 percent of all home purchases (most coming from Mexico, the Philippines, China, India, and Vietnam)
3. Texas: 9 percent of all home purchases (most coming from Mexico, India, Vietnam, China, and the Philippines)
Source: “Housing More Affordable Than Ever ... for Foreign Investors,” MSNBC.com (Jan. 13, 2012)
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