Foreign Buyers and Sellers
The Term international or foreign buyer or seller refers to two types of individuals:
The first type is a non-resident foreigner, a non-US citizen with a permanent residence outside of the United States.
The second type is a resident foreigner, a non-US citizen who is a recent immigrant to the United States, or two years since they moved to the US, or a non-immigrant visa holder who has resided for more than six months in the US for professional, educational, or other reasons.
If you are unsure if you fall under any of the above categories, or if you are a foreign buyer or seller there are laws that can have an impact in your real estate transaction. Speak to an attorney as there could be numerous issues that arise during a real estate property, commercial property or business purchase and you will want to ensure that your real estate investment or interests are protected or to ensure that your real estate sale goes through successfully and legally.
The Law Office of Gretchen Ortiz is ready to assist you in your real estate transaction as a foreign buyer or seller. Call us today for a consultation.
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