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!! |
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!! 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 .... |
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 .... you forgot - get your chequebook out. |
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!
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Re: buying property
US credit history up to scratch as well?
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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. |
Re: buying property
Thank you!!!
I guess all is in order...no credit history; no taxes to be paid...just need to start saving!! |
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. |
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