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.
2007-12-28 08:24:56 · 3 answers · asked by Beachman 5 in Business & Finance ➔ Renting & Real Estate
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.
2007-12-28 08:30:26 · answer #1 · answered by fishpike 4 · 6⤊ 0⤋
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.
2007-12-28 16:35:28 · answer #2 · answered by Anonymous · 1⤊ 0⤋
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.
2007-12-28 16:49:37 · answer #3 · answered by sarah jane 7 · 0⤊ 0⤋
You can buy any house in the USA you can afford to pay for.
2007-12-28 16:39:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋