Relocating To Chicago From Another Country
If you are moving to Chicago from another country and want to buy a home, there are many requirements you may not be aware of. When Andreas arrived in The US from Switzerland in 1985, he faced the same issue when he purchased his first condo in New York City. As a Realtor specializing in helping foreigners through the home buying process he knows the specific regulations and requirements that are unique to foreigners and he is familiar with the providers who offer products and services that fit these unique requirements.
Due to Andreas’ background as a hotel manager having worked for many International hotels in the US, Far East and Europe, he has a thorough understanding of different cultures and mentalities. This greatly facilitates the communication with International clients who may not be familiar with US culture in general and with the process of buying real estate in particular.
If you have any questions regarding special requirements for foreigners buying property in the U.S. or need practical advice how to move a household from one continent to another, Andreas has the resources to guide you. For a list of professional service providers see the Welcome to Chicago Directory.
Contact us anytime to learn more about the local home buying process.
Investment Properties for Foreigners
Many foreigners are buying United States real estate for investment purposes. This is facilitated by an open economy legislation, which means that foreign individuals and corporations are allowed to purchase residential or commercial real estate.
Foreign investment in residential real estate has become very popular in the last few years. While this can be a great investment option, there are many factors to consider, such as financing, taxation and resident status.
Here are some advantages when investing in U.S . real estate:
- You retain control. You can buy, sell, rent or renovate according to your preferences or requirements.
- You can generate cash flow in US Dollars. This is a good way to diversify your portfolio.
- It’s a hedge against inflation. Real estate is a hard asset and retains its value independent from other forms of investment.
If you would like more information about investing in Chicago real estate, please contact Andreas.