buying property
Jul 25th 2005, 11:33 pm
#1
BE Forum Addict
Thread Starter
Joined: Nov 2004
Location: Dubai
Posts: 1,037
buying property
Hi there..
just jumping over from the ME forum..thinking of moving there someday although I am a US citizen I've never felt the need to..
anyway, can someone help me find info on how to buy a house in the US? from prices to procedures/buying from overseas etc...
anybody wanna come to Dubai??
Thank you!!
just jumping over from the ME forum..thinking of moving there someday although I am a US citizen I've never felt the need to..
anyway, can someone help me find info on how to buy a house in the US? from prices to procedures/buying from overseas etc...
anybody wanna come to Dubai??
Thank you!!
Jul 26th 2005, 12:20 am
#2
Joined: Mar 2003
Posts: 68,280
Re: buying property
Originally Posted by Singlemom
Hi there..
just jumping over from the ME forum..thinking of moving there someday although I am a US citizen I've never felt the need to..
anyway, can someone help me find info on how to buy a house in the US? from prices to procedures/buying from overseas etc...
anybody wanna come to Dubai??
Thank you!!
just jumping over from the ME forum..thinking of moving there someday although I am a US citizen I've never felt the need to..
anyway, can someone help me find info on how to buy a house in the US? from prices to procedures/buying from overseas etc...
anybody wanna come to Dubai??
Thank you!!
Pick a house at www.realtor.com
mention it on here
await the dozen realtors to contact you
as a buyers agent just to help you ....
Jul 26th 2005, 4:21 am
#3
BE Forum Addict
Joined: Mar 2004
Location: Chicago, Il
Posts: 1,320
Re: buying property
Originally Posted by Ray
Decide a State
Pick a house at www.realtor.com
mention it on here
await the dozen realtors to contact you
as a buyers agent just to help you ....
Pick a house at www.realtor.com
mention it on here
await the dozen realtors to contact you
as a buyers agent just to help you ....
you forgot - get your chequebook out.
Jul 26th 2005, 4:25 am
#4
Septicity
Joined: May 2004
Posts: 23,762
Re: buying property
Hope you've been filing your taxes to Uncle Sam every year? Otherwise a nice lump of equity in US real estate will give him something to claim the back taxes and associated fines through!
Jul 26th 2005, 3:13 pm
#5
BE Site Lead
Joined: Aug 2004
Location: MA, USA
Posts: 92,174
Re: buying property
US credit history up to scratch as well?
Jul 26th 2005, 6:29 pm
#6
Lost in BE Cyberspace
Joined: Jun 2005
Location: Oz -> UK -> San Diego
Posts: 9,912
Re: buying property
Originally Posted by Bob
US credit history up to scratch as well?
OH (UKC: HB1 or whatever visa) got a mortage after being in the USA for 4 months. Mind you, the interest rate is a bit cr*p, but no worse than in the UK. We also have a lock in period for 3 yrs, tho at the moment it appears that we might be able to get around that by re-morgaging with the same company.
The biggest problem we had was in the 2 weeks before closing, our closing costs kept rising - they eventually doubled from what was first forecast. Not a huge issue, as we had the money....but only just!! It couldve all gone tits up.
Jul 27th 2005, 12:25 am
#7
BE Forum Addict
Thread Starter
Joined: Nov 2004
Location: Dubai
Posts: 1,037
Re: buying property
Thank you!!!
I guess all is in order...no credit history; no taxes to be paid...just need to start saving!!
I guess all is in order...no credit history; no taxes to be paid...just need to start saving!!
Jul 27th 2005, 1:35 am
#8
Re vera, potas bene.
Joined: Jun 2005
Location: Cape Cod MA..Davenport FL
Posts: 2,405
Re: buying property
Originally Posted by Ozzidoc
This is not necessarily a big issue. Make sure you have 10% deposit min, preferably 20%.
OH (UKC: HB1 or whatever visa) got a mortage after being in the USA for 4 months. Mind you, the interest rate is a bit cr*p, but no worse than in the UK. We also have a lock in period for 3 yrs, tho at the moment it appears that we might be able to get around that by re-morgaging with the same company.
The biggest problem we had was in the 2 weeks before closing, our closing costs kept rising - they eventually doubled from what was first forecast. Not a huge issue, as we had the money....but only just!! It couldve all gone tits up.
OH (UKC: HB1 or whatever visa) got a mortage after being in the USA for 4 months. Mind you, the interest rate is a bit cr*p, but no worse than in the UK. We also have a lock in period for 3 yrs, tho at the moment it appears that we might be able to get around that by re-morgaging with the same company.
The biggest problem we had was in the 2 weeks before closing, our closing costs kept rising - they eventually doubled from what was first forecast. Not a huge issue, as we had the money....but only just!! It couldve all gone tits up.
