Purchasing U.S. sunbelt property isn’t like nipping over the border to purchase bargain wines and chunks of cheddar. The complications of foreign ownership require boots on the ground, on both sides of the border, to ensure a smooth buying process. Your accountant or financial planner can advise how U.S. property could affect your current assets and your estate, and strategies from cross-border trusts to holding property in a Canadian corporation to structure the purchase. On the U.S. side, seek out a local real estate agent (check references!) who specializes in foreign ownership sales. snowbirds.org
Snowbird Strategies
27%: increase in value of residential property in the Palm Springs, California, area in the past year.