The single most question that I get from foreign nationals.

By
Real Estate Agent SL3270841

The question is...."Can I buy my little piece of paradise on Hutchinson Island, Florida?"  Or if I was to paraphrase the question it would be, "Can I buy property in the United States if I am not a citizen?  And all of us Realtors stand up and say......."YES"!

It is my understanding that Foreign Nationals are allowed to own real estate in the US.  If not, I am in trouble already!  In fact, there are very few differences between a foreign and a citizen when purchasing real estate.  My only caution to my foreign clients is that purchasing a home on Hutchinson Island does not circumvent our immigration or visitation laws.

It is important that the Foreign Buyer understands the buying process and knows some basic information about general US real estate practices that may vary greatly from a buyer’s home country.

For example, Transparency.  In the United States the buying and selling of real estate is very transparent.  Unlike many countries, the U.S. and Florida require that a new listing for sale be posted on a Multiple Listing Service.  A foreign buyer does not need to go from agent to agent to agent in the hopes of finding the right property.  For instance, even though my area of concentration is Hutchinson Island, Florida, if I have a client interested in a home in Portland, Maine through Keller Williams I have an associate that can help.

Secondly, is our honor by law and by acceptance.  The real estate profession in the United States and Florida is one of the most highly regulated of all businesses.  "Buyer Beware" is no longer the standard here in the U.S. as it is many foreign countries.   Here in Florida, the standard is "Real Estate Agent Beware!"  Our duties to our buyers and sellers are held to the highest standards of honesty, professionalism, and integrity or be prepared for the consequences.  As a foreign buyer or seller, you may trust your U.S. Realtor completely.

 

 I am writing this blog  because  I have financially qualified clients from Russia, Poland, and Switzerland who have expressed these concerns.  In fact, I am adding a new page to my website just for FAQ by foreign buyers.

 

If this is the first time reading our blogs, my wife, Pam, and I come from and extensive entrepreneurial background.  After selling our last business we relocated to our beloved Hutchinson Island Florida.  While we enjoyed all of the free time for tennis, golf, boating, fishing, and beach stuff, in the end we are entrepreneurs.  We decided to try real estate as our latest entreprise and we love it!  We have tried to make our website as informational as possible, but if you have questions, please let us know.  We look forward to almost any excuse to go exploring on Hutchinson Island!

 

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
New York
Groups:
Active Rain Newbies
The Lounge at Active Rain
Online Marketing Help Center
Tags:
homes for sale
foreclosures
vacation
hutchinson island
short sales
real estate
rentals
florida
foreign investments

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,603,596
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Division Specialist

I can help you with your foreign buyers.  I have a title company that just finished refresher courses on and has an international real estate attorney as a partner. 

Sep 28, 2013 12:20 PM #1
Rainmaker
153,756
Sandra DeVargas
Buffalo, NY
The DEVARGAS Team at Keller Williams Realty

It is not easy prosess but you do have to take time educating people that come from other countries not only how to work with a real estate professional but also the procsess of purchasing or selling according to your area.

Sep 29, 2013 12:33 AM #2
Rainer
16,202
Kenneth Theobald
Hutchinson Island, FL
Your Keller Williams Realtor on Hutchinson Island

Hi Sandra,  I do agree.  It is a process.  And sometimes there is a language barrier considering that I am not sure that I have mastered my native tongue.  Anyway, I do believe that foreign nationals will be purchasing more and more of our real estate.  Duhh!  That is the reason that our economy is still thriving today.  And more and more people are realizing that real estate ownership is the safest, but not the most liquid investment that they can make.  Thank you for your comments.

All the best,

Ken

Sep 29, 2013 08:15 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
16,202

Kenneth Theobald

Your Keller Williams Realtor on Hutchinson Island
We will treat you like family....maybe better! Give us a try.
*
*
*
*
Spam prevention

Additional Information