For foreign buyers — especially from Canada — purchasing real estate in the United States can be fairly simple. With the U.S. dollar falling in value against many foreign currencies, American real estate markets are inexpensive now compared with 5 to 10 years ago. The current U.S. real estate recession means homes can be purchased for 50-60 cents on the dollar when considering dollar depreciation. A Canadian buyer can purchase a nice home with amazing views in Tucson AZ for $250k. Ten years ago, with their currency devalued and home prices up, the same homes would cost 120%-130% of what they cost now. Essentially, homes are now on sale for 50% off! This is why interest in American properties is rapidly growing. So how do you obtain a home in the United States?

Arizona is a major hotbed for what’s called “foreign nationals” — persons from another country residing in the United States. Most foreign nationals who come to Arizona to invest or purchase second homes are from either Canada or Mexico. However, I have also seen buyers from the United Kingdom, Europe, Latin America, and South America. Many foreign nationals would like to purchase property in the United States but find the process confusing. It does not have to be complex. In fact, it is simple, and I will walk you through it.