Real Estate World Wide Blog

Falling home prices spell opportunity for buyers, even if they already own a home and don’t want to be a landlord.

Here are three smart ways to invest in today’s housing market.

Trade up. Now’s the time to buy a larger home in a better neighborhood at what will almost certainly be a good price. To be sure, buyers will have to sell their old home at a modest price. Still this could be an excellent time to improve quality of life at a bargain rate.

Buy a vacation home. Buyers, especially those who are a few years away from retirement, could find this is the perfect time to buy a place that will be more than a vacation home down the road.

Help offspring go from renters to owners. This is a great time to give the kids an advance on their eventual inheritance so they will have enough money for a down payment.

Source: The Wall Street Journal, Jonathan Clements (03/12/2008)

Coupled with the significant advantage of the currency exchange rate vs. the US Dollar, this is an outstanding time for purchasing property in the US.  To learn more about real estate in the US, contact Mike Ten Eyck at mteneyck@reww.com.

Whether you plan to immigrate to the US, enjoy your holiday there, or simply desire to invest in promising properties, Arizona, and particularly Scottsdale in the Phoenix metropolitan area, is the perfect place to buy your US property.  Maricopa County, the county in which Scottsdale resides, has the fastest growing population in the US.  The warm, dry climate, free of hurricanes and other natural disasters, attracts tourists, "winter visitors," and people migrating from all over the world.  To learn more about property opportunities in the US, go to http://www.realestateworldwide.com, or email Mike Ten Eyck at mteneyck@reww.com. 

Selling a residence in the U.K. is a tax free event.  However, in the U.S., buying and selling a residence or home is complex and heavily taxed to Non-Resident Foreign Individuals if not well thought out and plans implemented prior to any purchase. Taxes can run as high as 40% of your gross sales price and substantial penalties for failing to make complicated filings with the State and Federal Government.  Competent legal help can make this whole process easy and affordable.  Contact Mike Ten Eyck at mteneyck@reww.com for more information.

U.K. Nationals, who become American home owners, have the potential to obtain 180 day extensions on their U.S. visas and adjustments to an E Visa with investor status.  With an E Visa, the wife is allowed to obtain a work-permit which can then be adjusted to a Green Card.  The Green Card, Permanent Visa, then permits the U.K. Nationals to stay within the U.S. on a permanent basis and the ability to obtain gainful employment.  Contact Mike Ten Eyck at mteneyck@reww.com for more information.