Foreigner Buying Property in New York, 8 Questions that Matter

 

In this global market, investors looking to diversify their portfolio often venture abroad for their property investment. When foreign clients approach us about buying property as a foreigner in Manhattan, they often have a certain set of questions.

Wei Min answers the 8 most relevant questions that foreigners have when buying property in New York.

Read full article here: Foreigner Buying Property in New York, 8 Questions that Matter

Foreigner Buying Property in New York, 8 Questions That Matter

    

 8 Important Questions about Buying Property in New York.  Important questions answered about buying property as a foreigner such as property price details, taxes when selling, types of property a foreign buyer can own, and property rental yields.

Foreign Buyers' Guide to Investing in Manhattan Condos

Our foreign buyer's guide to investing in Manhattan condos.  Includes an overview, how the process works, financing options and even deal examples.  This has been a top ranked page on Google since I wrote it many years ago.  

Read article:  Foreign Buyer's Guide to Investing in Manhattan Condos 

Interviewed by DNAinfo: 5 Things To Know About How Foreign Buyers Affect Local Real Estate

By Amy Zimmer | January 26, 2016 7:12pm 

@the_zim

MANHATTAN — As world economies and political situations shift, so too do their influence on New York City's real estate market.

Much has been made of the effect of foreign investors on driving up New York real estate prices, with some local real estate companies specifically soliciting foreign buyers for upcoming projects before soliciting New York residents.

Interviewed by DNAinfo on Current Foreign Buyer Activity in New York

NYC's Pool Of Foreign Real Estate Buyers Show Signs Of Drying Up.

By Amy Zimmer on November 12, 2014 7:42am | Updated on November 14, 2014 4:38pm

MANHATTAN — Some of Manhattan's top brokers have noticed a slowdown in foreign buyers in the last couple of months as the strength of the dollar rose along with prices of high-end condos.

New development — which often targets the moneyed class of global buyers — saw prices hit an average of $1,807 per square foot — a nearly 29 percent jump from the year before, according to a recent report from Douglas Elliman.

Foreign Buyers of Manhattan, New York Property - Overview

By Wei Min Tan

1.0  Overview for the foreign investor

1.1  Why New York

1.2  Can foreigners buy in Manhattan, New York?

1.3. What type of properties are popular amongst foreign / international buyers?

1.4  What are expenses associated with owning a property in Manhattan?

1.5  Financing for foreign / international buyers

1.6  Cash buyers 

1.7  Transaction costs

1.8  Taxes, taxes, taxes

1.9  How does the fee work when buying/selling?

1.10  How does the agent fee work when renting?

1.11  Should I use more than one agent?

1.12  What are the best areas for investment?

1.13  Does buyer have to be in New York for the closing?