No. Commissions are always paid by the seller. The commission is evenly divided between the buyer and seller’s real estate brokers, so buyers don’t pay anything to have a real estate agent working on their behalf.
Mortgage loans for foreign nationals are readily available. For instance, HSBC, Wells Fargo and many private banks offer foreign national loans. Below are highlights of HSBC’s terms for foreigners national mortgage:
30% Minimum down payment
$3 million maximum mortgage amount, which translates to a property value of $4.3 million
$50,000 or $100,000 on deposit from HSBC
12 months reserves (mortgage payment, common charge, and taxes) are required to be on deposit (in addition to the funds on deposit)
Interest rates vary on a daily basis, so connect with us for the latest rates.
United States tax policy is generally favorable to both foreign investors and US and residents, alike, so there are few specific rules for foreigners buying property in the USA. Co ops in Manhattan prefer primary homeowners and bank’s underwriters will treat the foreign buyer as a bit riskier, but these are not government regulation.