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Georgians Property Ownership

Feb 2nd 2020 at 2:51 AM

UPTOWN Luxury Real Estate! Get access to exclusive USA Properties for Sale to Georgians. The United States handles the sale of real estate to Georgians almost the same as sales to US citizens. The only issues come from regulations imposed by homeowners associations, condo associations, coops, or other types of community associations.

Can Georgians Buy Real Estate in the United States?

The United States handles the sale of real estate to Georgians almost the same as sales to US citizens. The only issues come from regulations imposed by homeowners associations, condo associations, coops, or other types of community associations. These associations are often incorporated as a legal entity that manages the particular building or neighborhood. Most associations are mandatory, meaning that simply by purchasing real estate within one of these communities, one is agreeing to be a member of the association and to obey all of its rules. Where Georgians might have an issue is in some states associations are allowed to control who can buy property. Often done to prevent the association from having absentee owners against whom it is impossible to enforce the association's rules. This is not common, but it is still important to discuss this with your real estate agent prior to making a sale or purchase.

Can Georgians get a mortgage to buy a house in USA?

Yes, Georgians can get a mortgage (borrow to buy a property) in the United States. Many banks/lenders in the U.S. will give loans of up to 50% of the sales price to an international client. Some basic requirements might apply, such as having an existing account in the US with a balance over $100,000 and often require meeting applicants in person.

Do Georgians have to pay a commission when buying a property?

The buyer pays no commissions. Real estate sales in the US stipulate that the seller pays their listing agent a commission of usually between 5% and 6% of the sales price. There is no set rule mandating how the commission should be split between the two agents (buyers agent/sellers agent), and the fee isn’t always divided evenly.

Do Georgians pay any annual taxes on property owned in the US?

Georgians housing! Real estate in the U.S. is subject to property taxes regardless of the owner's nationality. In financed transactions, annual property taxes are usually included in monthly mortgage payments. But buyers who purchase in cash must ensure that they pay any monthly or annual taxes. Property taxes vary from state to state, and even within states, but budget around 2% of the property value for your yearly taxes.

Nonimmigrant Business Visa (B1)

Temporary employment visas are for persons who want to enter the United States for employment lasting a fixed period of time, and are not considered permanent or indefinite. Each of these visas requires the prospective employer to first file a petition with U.S. Citizenship and Immigration Services (USCIS). An approved petition is required to apply for a temporary employment visa.

See the Temporary Employment Visa Categories on usvisas.state.gov to determine which visa category might be appropriate for your purpose of travel to the United States.

How to Apply – Labor Certification – Some temporary worker visa categories require your prospective employer to obtain a labor certification or other approval from the Department of Labor on your behalf before filing the Petition for a Nonimmigrant Worker, Form I-129, with USCIS. Your prospective employer should review the Instructions for Form I-129 on the USCIS website to determine whether labor certification is required for you.

For more information visit here: http://uptown.ge/

Contact No: +995 32 2471 160 | Mail ID: support-georgia@ustraveldocs.com

 

Address: 29 Georgian-American Friendship Avenue Didi Dighomi Tbilisi 0131 Georgia

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