Foreigners can buy property in the United States, and Turkish citizens can also purchase real estate without any permit or residency requirement. Florida leads the market, attracting about 21% of all international home purchases. For example, Miami recorded around 4,000 foreign home sales in the 2024–25 period, with a median price of approximately $500,000. Below, we will walk through the 10-step process of buying a home in the U.S.
Evaluate mortgage options or cash payment. Many foreign buyers prefer cash purchases; for instance, 47% of international buyers pay in full. If you are considering a mortgage, consult banks offering foreign investor loans and obtain a pre-approval. Getting a mortgage pre-approval is crucial as it shows sellers you are a serious buyer and clarifies your budget.
Identify the location and features that match your needs and review listings accordingly. Miami is known as a vibrant global hub and often considered the “path of least resistance” for capital and entrepreneurs. You can find many homes that fit your budget, but be sure to compare pricing and growth potential before making a decision.
Once your offer is accepted, hire a professional inspector to examine the property thoroughly. A home inspection reveals potential structural issues and helps you anticipate future repair costs. Based on the findings, you may negotiate further or revisit the terms of the purchase.
1. Budget and Financial Planning
Determine your budget for the property you intend to purchase. In popular areas such as Miami, median home prices range around $500,000–$560,000. Plan your financing sources (savings or loan) for both the down payment and monthly expenses.2. Mortgage or Payment Method
Evaluate mortgage options or cash payment. Many foreign buyers prefer cash purchases; for instance, 47% of international buyers pay in full. If you are considering a mortgage, consult banks offering foreign investor loans and obtain a pre-approval. Getting a mortgage pre-approval is crucial as it shows sellers you are a serious buyer and clarifies your budget.
3. Working with a Real Estate Agent
Partnering with a local real estate agent offers a major advantage when searching for a home in the U.S. An experienced agent understands market dynamics in cities like Miami and handles offer and negotiation processes on your behalf. Professional guidance helps you find the right property and manage complex procedures efficiently.4. Choosing the Right Home
Identify the location and features that match your needs and review listings accordingly. Miami is known as a vibrant global hub and often considered the “path of least resistance” for capital and entrepreneurs. You can find many homes that fit your budget, but be sure to compare pricing and growth potential before making a decision.
5. Making an Offer and Negotiation
Prepare a reasonable offer for the property you like together with your agent. The offer letter is presented to the seller; at this stage, you can negotiate and improve the terms. In highly competitive markets, acting quickly can be a significant advantage.6. Home Inspection
Once your offer is accepted, hire a professional inspector to examine the property thoroughly. A home inspection reveals potential structural issues and helps you anticipate future repair costs. Based on the findings, you may negotiate further or revisit the terms of the purchase.
