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Buying A Vacation Home In Phoenix Arizona

Your Vacation Home In Phoenix Arizona

If you have been thinking of buying a vacation home in Phoenix Arizona than you have come to the right place.  There are many adult communities in Phoenix and many Canadians have found that purchasing a second home or vacation home in Phoenix Arizona is a perfect choice for them.

Phoenix Arizona

Phoenix Arizona

But before you sign the dotted line here are a few tips:

The great thing about purchasing a home in Phoenix Arizona is that there are no restrictions for foreign nationals buying property in Arizona.

In Arizona, real estate agents prepare, present and negotiate the real estate offer for you.  This is where you call me, I will refer you to an agent in Phoenix to help you get started.

If you want to get financing in Arizona you will need the following:

  • Copies of your passport and visa.
  • Last two paystubs.
  • Last two bank statements.
  • Last two years tax returns, if you are self employed, a letter from an accountant stating how many years you have been in business and your business tax returns.
  • Verification of employment history
  • International credit report
  • Set up an American bank account to transfer funds.

The foreign Investment in Real Estate Property Tax Act (FIRPTA) imposes a U.S. tax on income and gains from real estate owned by a  “non-resident aliens” at the same graduated rates applicable to U.S. persons.  Be sure to consult with an attorney or accountant for more details.

Hopefully you have found this information useful and assist in providing you some relevant factors that may assist in helping you decide where to buy your vacation home.

If you have any further questions please give me a call.  I have assisted many clients find a home in Phoenix Arizona, and I am confident I can do the same for you.

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