Checklist: Buying Real Estate in the United States as a Foreign Investor
What Foreign Investors Need to Know Before Buying Property in the U.S.
Whether you’re looking to purchase property for residential, investment or vacation purposes, there’s no denying that the United States is an ideal location for real estate investment.
Not only is the U.S. friendly to foreign investors wanting to purchase property, but the outlook for American real estate is extremely positive. U.S. home prices are increasing, with the median price of existing homes sold up by six percent in 2018. 
Within the U.S., Florida in particular is an extremely attractive state for foreign real estate investors. According to the National Association of Realtors, foreign buyers purchased more real estate from Florida than any other U.S. state.
Although foreigners purchase real estate nationwide, just five states accounted for 53 percent of total residential property purchases—with Florida at the top with 19 percent. Florida is also extremely attractive to commercial foreign buyers, ranking at the top with 20% as the top destination of international commercial buyers.
Buying Real Estate as a Non-Resident
Anyone can buy and own property in the United States, regardless of their citizenship. However, this does not mean that foreign investors wanting to buying real estate in the U.S. won’t face any hurdles or obstacles during the process.
To start, each state in the U.S. has its own set of rules regarding the purchase of real estate. These rules include the type of contract used, the method of closing, and even the duties and titles of the people involved. For foreign investors, having a qualified and experienced professional to guide you through the real estate purchasing process can make all the difference.
Why Hire an Agent Experienced in Working with Foreign Investors?
There are no shortages when it comes to real estate agents, but qualified brokers and Realtors specialized in the buying and selling of real estate to foreign investors? That’s a whole different story.
As a foreign investor, it’s worth the effort to find a Realtor that can help you make the right financial decision. If you are not fluent in English, your Realtor can recommend attorneys, inspectors and bankers who can converse with you in your native language.
Your Realtor will also work with you to answer important questions that you should consider before buying real estate in the U.S., such as:
How does brokerage work in the U.S. and how is it different from my home country?
How do I choose a real estate firm / Realtor?
What is the purpose of my investment?
What is the difference between a vacation home and a residential home?
What is the budget for my investment?
Do I want to buy cash or finance?
How does the transfer of funds work?
Is funding available for me?
What are the costs involved?
What is a Title Company?
Do I need to get all my documents translated?
Should I buy my home as an Individual or a legal entity?
Do I need to get insurance?
How does the vacation home administration work?
Do I need a property manager for my second home in Florida?
Should I hire an interior designer?
Do I have to pay taxes in the United States as a foreign investor?
Do I need to get patrimonial protection?
Can I get car, life and health insurance as a foreigner?
Should I see an immigration attorney before purchasing an investment in Florida?
Why Choose Florida Connexion?
Here at Florida Connexion, we are specialized and experienced in working with foreign buyers and sellers, with over 95% of our transactions involving international investors.
Our close partnerships with companies specializing in law, accounting, banking, financing and even immigration give our international clients the peace of mind they need.
We pride ourselves on streamlining the process of buying real estate in the U.S. Our agents are multilingual and can speak English, Portuguese, Spanish and French. Learn more by contacting us today!