Q: My brother is a foreign citizen, and has come to know that foreigners will be allowed to invest in housing in the USA if a proposed bill gets passed in senate. I wanted to know who I should talk to regarding this investment; should I talk to a real estate agent or a lawyer in this regard? Thanks.
A: Foreign citizens are able to purchase properties in the USA, and a large number of them purchase condominiums and townhouses for investment purposes in New York City. A Real Estate professional can best help your brother familiarize himself with the variety of purchase options available, introduce him to the features and benefits of the many neighbors within the city, and help to provide data which will yield the best return on his investment.
In addition, there are many attorneys who specialize in foreign buyer purchases and can provide expert legal advice. As there are differences in the way transactions are conducted in the USA from other places around the globe, it is advisable to select an attorney who is familiar with your country of origin.
We would be most happy to assist you with choosing the appropriate resources that will assist in making the purchase process seamless.