Purchasing Real Estate in the US
To purchase a home, be ready to prove who you are. You don’t need to be a US citizen, but you do need an Individual Taxpayer Identification Number. This is a number assigned by the Internal Revenue Service to foreign nationals who need to file income tax returns, something you will have to do when buying real estate here. You will also need a valid foreign passport, or two or more current photo identifications such as a driver’s license, in order to verify who you are and your country of origin. Though property ownership isn’t tied to immigration or visa status, there are still rules about how long you can stay in the US, so if you’re not a citizen, check out US visa requirements before you purchase. We also strongly recommend that you establish a bank account with a local bank as soon as possible.
The Fun Part
There’s a wide range of real estate markets in the US, and you’ll want to do
plenty of research and exploration to find the right one for your investment. Do
you want an estate for horseback riding and hunting in Colorado, or do you want
a stylish multi-million dollar condo in the heart of Vail Village or Beaver
Creek? Whichever home or condo you choose to buy, it should be a reflection of
your lifestyle. You don’t just want to purchase a property for the sake of
owning a piece of the market – you want to find and secure a home that fits your
exact family needs. Have fun with the search, and talk to us about the different
opportunities that exist throughout the Vail Valley.