*The Commerce Journal>>>Renting & Real Estate

Do I need to be a Virginia resident to buy a house?

I just moved from Delaware to Virginia to take a new job, and I am interested in buying a house in the near future. Do I need to change to VA residency? What are the benefits to changing residency? Thanks.

You do not need to be a resident to buy a house. However, you need to establish residency after you move. Residency determines state taxes, voting privileges, driver's license, etc.

Any American can buy a house in any state without being a resident of that state. In some states a resident may be able to get a homestead exemption for property taxes. Some states have no state income tax so establishing residency there can be beneficial. To vote in a state, you have to be a resident.

You can buy any house in the USA you can afford to pay for.

You have to change your residency, whether you buy a house or not. Your drivers license and insurance must be changed to your new state.

Tags

　　Germany Taxes 　　Canada Taxes 　　Australia Taxes 　　Small Business 　　Renting & Real Estate 　　Personal Finance 　　Investing 　　Insurance

Related information

Is it lawfull to charge a late fee in Nyc appt.s rent when there is no provision on the original lease?

You can get that back by showing them your lease contract. They should give it back as they technically did not mention that and then they could revise it. That sucks ***.

...

How do condo maintenance fees compare to property taxes?

I'm so sorry for your loss. I'm with the previous poster. Stick with what you have for now. Maybe rent out the house in central Fla to someone you know (and trust to pay you!!) for enou...

Rent or buy house in a town that is based around a single big company ?

I'd look at the possibilities in a risk/reward scenario. Sure, you could make a little bit of money if you buy a house, live there for 10 years and then move onto something different/better. ...

Is real estate home inspection and appraisal a good career choice?

No both are very poor choice right now. I do both, I have been doing home inspections for 4 years and appraisals for 5 years and my income has dropped by 50% in the last year. Yes it may be a buyer...

How strict are mortgage companies now?

Really, I'd have to know your entire situation. Were you late on any mortgage payments after your sister moved out? How long have you been living with family? Maybe they're telling you th...

How do I get a cell company to lease a tower on my land?

They would approach you If its every gonna happen. They know where they need and want them.

...

When making a real estate deal, who pays for features that the buyer want to have included on the building?

i wouldn't touch anything without a contract. at present you have a lot with "service" (hydro, water, etc). the building in it's present condition..is"what it is" h...

Hi everyone!!! how can I buy a foreclosure home? Is it a smart move?

Most foreclosed homes are available on the courthouse steps for auction. But bare in mind that most of those mortgage companies send attorneys to buy them back for themselves ( maybe for insurance ...