The United States does not restrict foreign nationals from buying and owning real estate in the United States. Accordingly, many international clients (including permanent and non-permanent resident aliens) are looking to buy real estate in the Washington, D.C. Metro Area (particularly Georgetown, Dupont Circle, Foggy Bottom, American University) as an investment.
Also, savvy non-U.S. citizen parents see a great opportunity to invest, while providing a place for their children to live while attending University at one of the many prestigious colleges in and around Washington, D.C. (including Virginia and Maryland). The Washington, D.C. Metropolitan Area is a fairly stable real estate market to invest in, as far as real estate markets go. As the hub of United States federal government and home to many global corporations, and international tourist attractions, we enjoy a strong real estate market all year long, year over year, even when other parts of this country feel painful effects of economic changes (unemployment, recessions, etc.). And a favorable exchange rate between the USD and currencies such as the Euro and Yen fuel further interest in purchasing from outside of the United States.
If you are beginning your search for Washington, D.C. Area property (whether a condominium, detached home, multi-family property (e.g. apartment building) or commercial property, your transaction from outside of U.S. borders will go smoothly, so long as you pick the right real estate team with the best resources and expertise to serve your unique needs and zealously protect your interests. All transactions concerning U.S. property are subject to U.S. contract law and a neutral third-party escrow company will hold your funds securely until the title is transferred to you, unless agreed to otherwise by yourself and the seller.
To get the absolute best value and protect your interests in the sophisticated Washington, D.C. Area real estate market, you need agents and lenders who specialize in working with an international clientele. At DC Metro Home Sales, we have assembled a team of professionals who understand the needs and concerns of international purchasers. We work with one of the leading banks specializing in the unique needs of international clients in the area, HSBC (headquartered in London with branches in Washington, D.C. and the surrounding suburbs, including Maryland and Northern Virginia (Arlington, Fairfax, Bethesda, Potomac, etc.). HSBC serves 52 million customers through a network of 88 countries!
Some of our international clients erroneously perceive that there is a lack of financing options available to them. Not true! While an all cash sale is an always an option, it is not your ONLY option. Contact us and we will start explaining the many options available to you to serve your Washington, D.C. Area needs and find you the perfect property in this vibrant real estate market!