International and Foreign National Home Buyer's interested in buying a home in Rhode Island and South Eastern Massachusetts if you are a FOREIGN NATIONAL should consider currency exchange rates and how they might affect your purchase. Especially these days, when the dollar is low, European and Asian real estate buyers seeking to purchase property in the United States have a great advantage as compared to Americans in the same markets. Use the exchange rate calculator below to see how your native currency compares to the US Dollar. The New England area of the East Coast of the United States, particularly Rhode Island and Southeastern Massachusetts, where waterfront properties are available at highly competitive prices, given the current exchange rate of the US Dollar, make great investments at present, because foreign currencies are as strong as they are and the dollar as weak as it is.
Of course, the strength of the currency is only one factor that you should consider. For example, most Europeans do not have credit scores that US lenders will consider valid. Therefore, if you are seeking to borrow in order to buy, you should take a look at mortgage information BEFORE you start looking for property, so that you will have some time to establish the credit criteria used in the United States mortgage industry.
Again, this section is still being compiled, so check back frequently for new additions to the section. In the meantime, please feel free to contact us via telephone at 401-293-0631 to speak to Mandie Sullivan, herself a citizen of the United Kingdom, and our President, or use our contact form here.
There is a difference between working with a sellers agent and having your own representation with an exclusive home buyers agent. See our section on Buyers Agency, and our section on standard real estate agency.
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