Arizona real estate can be purchased by non-citizens of the USA about as easily as for citizens. With a valid visa or passport and unrestricted travel rights from your country of origin … no problems … except that the financing options are limited, or non-existent … and selling the real estate has some special tax issues to deal with.

But, generally, homeownership for non-US citizens in AZ is unrestricted. However, for several issues, this is the one circumstance where it is advisable to have an experienced real estate attorney review and assist with the purchase.

When selling the real estate, the Foreign Investment in Real Property Tax Act of the US, FIRPTA, requires that 10% of the sale price be withheld from cash paid to the seller until all tax issues have been settled, unless the real estate transaction is exempt from FIRPTA.

Two very good resources for more detailed information are:

http://www.altrolaw.com/all/how-should-canadian-snowbirds-take-title-to-arizona-real-estate-it-depends/

http://www.keytlaw.com/usrealestatelaw/canadians-investing-in-us/

 

Have questions? Give us a call! We’re here to help. There’s no obligation … No strings attached.

Our intent is to exceed every client expectation.
Our #1 goal is to earn your trust for “My Realtor!”

Give us a call, text or email.
You’ll be really glad you did.

TNT Contact Info

Other Arizona Homeowner Issues

Top 10 Buyer Mistakes
First-time Buyer Guide
6 Steps to Buying a Home
Buyer Advisory
Transaction Documents
Forms of Ownership
Arizona HOAs
Arizona Home Operating Costs
Arizona Taxes
Metro-Phoenix Utilities
12 Deadly Seller Mistakes
The Job of the Listing Agent
Price It Right
More Arizona Real Estate
Share