The U.S. Retirement Property Can Cost More Than Anticipated.
- Gwendolyn L. Adrian, Adrian Law
- Mar 27, 2015
- 1 min read
Purchasing real estate in the U.S. is not the same as purchasing real estate in Canada. There are a number of additional expenses including taxes and certain insurance (the cost of which varies between states). Also, if a mortgage is required, you will need to provide more documentation than what is required in Canada. Additionally, U.S. mortgages are compounded monthly rather than semi-annually as is typical in Canada.
The Lesson: Talk to your professional advisors about all the costs involved before you decide to purchase so that there are no unpleasant surprises.
The content and the opinions expressed here is informational purposes only and does not constitute legal or professional advice. Nor does reading or commenting on it create a lawyer/client relationship with the author. I encourage you to contact me directly at adrianlawoffice@gmail.com if you have specific legal questions or concerns.
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