For Residents:

1. Assess Your Financial Situation:

Review your credit score, as it significantly impacts the mortgage rates you'll receive. The higher your score, the better the rates. Determine your budget, considering how much you can afford for down payment, monthly mortgage payments, property taxes, insurance, and maintenance costs.



2. Get Pre-approved for a Mortgage:

Before house hunting, getting pre-approved by a lender helps you understand how much you can borrow and shows sellers that you are a serious buyer.



3. Find a Real Estate Agent:

A good real estate agent can guide you through the home buying process, provide market insights, and negotiate on your behalf.



4. Home Shopping and Inspections:

Start touring homes within your budget. Consider factors like location, neighborhood, size, amenities, and potential for appreciation. Once you've found a home you're interested in, get a home inspection to check for any hidden problems. 5. Make an Offer and Negotiate: Your real estate agent will help you make a competitive offer based on comparable homes and market conditions. Be prepared for counteroffers and negotiations. 6. Closing: Once your offer is accepted, you'll go through the closing process, which includes finalizing your mortgage, conducting a title search, and closing the sale. Closing costs can range from 2% to 5% of the home's purchase price.

For Non-Residents:

1. Research and Compliance:

Understand the legal requirements and tax implications for non-residents buying property in the USA. Laws and regulations can vary by state.



2. Financing:

While non-residents can get a mortgage in the USA, the process may involve higher down payments (typically 30-40%) and more documentation. Some lenders may also require you to have an existing banking relationship with them.



3. Find a Real Estate Agent with International Experience:

An agent experienced in working with international buyers can navigate the complexities of buying property as a non-resident, including tax issues, international wire transfers, and the Foreign Investment in Real Property Tax Act (FIRPTA).



4. Property Search and Offer:

Similar to residents, but with more emphasis on the investment potential, rental income, and resale value, considering you may not be living in the property year-round.



5. Closing Process:

The closing process for non-residents is similar to that of residents but pay special attention to FIRPTA withholding and other tax implications. Non-residents may also need to apply for an Individual Taxpayer Identification Number (ITIN) if they do not have a Social Security Number.



6. Consider Property Management:

If you're buying as an investment or second home, consider hiring a property management company to maintain the property and handle tenant relations in your absence. Both residents and non-residents should conduct thorough research and consult with real estate professionals, tax advisors, and legal experts before buying a home in the USA to ensure compliance with all regulations and to secure the best possible deal.