How Foreigners Buy Real Estate In the US
International home buyers have been pouring billions of dollars in the US housing market in the last few years, to take advantage of the lower prices and the weaker dollar.
But many foreigners find it difficult to understand and navigate through the home buying process, as it can be confusing and different from state to state. The fact that most foreign buyers are negotiating from abroad, doesn't make the process any easier.
Most foreigners who buy a home in the US pay cash. However, since the US mortgage rates are generally lower than in their home country, more and more buyers are interested in obtaining financing for their second - or third - home in the US. Some lenders have specific programs…