Buying a Home in the USA if you’re a British Citizen
With the ongoing tax issues in United Kingdom, many UK Citizen are Buying Properties in US recently. One of the best choice of locations to move in to is San Diego, California. The beautiful county offers friendly climate, gorgeous beaches, hospitable residents and outdoors lifestyle – it’s what most British are looking for. So, what does a UK citizen needs to know to start living in San Diego?
Are there Real Estate Limitations for Brits?
Fortunately, there are no restrictions on UK Citizens Buying Properties in US. Actually, the American Government is supportive of foreigners owning or investing in US Real Estate. There are challenges in immigration though since UK citizens are only allowed to stay in America for 90 days. If you’re simply buying a San Diego vacation home, this would be no issue but if you would like a long term stay, a Green Card is necessary.
San Diego Homes for Sale are Better Deals!
Most UK Citizens Buying Properties in US are surprised to learn that San Diego home prices are more attractive. For example, a San Diego property that costs $200K (£125K) can have all the features of a house in England that costs £600K. If you have qualms about going through your home buying plans due to fear of insufficient budget, there are many San Diego homes for sale that have fair market value that you can afford.
Cash vs Mortgage
Paying in cash is the best option to take if you’re a UK Citizen Buying Property in US. For added security when paying for your next home in San Diego, open a US bank account to make transactions hassle free. If you’re not an American resident or citizen, getting a mortgage is possible but you’ll face several challenges. It would be best to speak with a US Mortgage Professional regarding this.
Your Best Choice
UK Citizens Buying Properties in US should definitely consider San Diego as I mentioned earlier. If you’re ready to go through your San Diego real estate purchasing plans, then start looking for Houses for Sale in San Diego, CA in our site site if you want ease with your home search.
It would also be in your best interest if you partner with a San Diego Real Estate Professional who has the expertise you need to make your move seamless. Our Realty Office in San Diego handles cases of UK Citizens Buying Properties in US with utmost care and top notch service. Give us a call at (619) 537-9694 or send us an email for more information.