Buying a home in Norway as a non-resident is entirely possible — but bidding process is very different from what you might be used to in countries like the US, UK, or Australia.
The biggest difference? You must have full financing ready before you bid.
Financing Rules in Norway
All funds must be secured in advance. You must document that you have the entire purchase amount either:
- As equity in a Norwegian bank account, or
- Through a mortgage pre-approval from a Norwegian bank.
Both of these things are not possible unless you have registered with the Norwegian Tax Administration, obtained a D-number, and receive your salary in Norway.
Foreign bank confirmation:
In some cases, sellers and agents may accept a bank statement or letter from your bank in your home country — but this needs to be agreed on before bidding.
Proof to the agent: The bank (Norwegian or foreign) must confirm your financing directly to the listing agent before your offer can be accepted. Or you use a bank statement from abroad if the seller and real estate agent accept this.
No “Cash Buyer” Perks Like in the US
In the US, “cash buyers” often get a faster closing, a discount, or the ability to bypass certain contingencies. In Norway, there’s no such advantage — because everyone must show proof of financing upfront. And offers cannot be made “subject to financing later”. It will not be accepted. If your financing is not ready, your bid usually is invalid.
Why This Matters for International Buyers
Many international buyers assume they can make an offer first, then arrange financing. In Norway, that’s not possible — the system is designed to ensure only fully funded offers are considered. While this can feel restrictive, it also makes the process faster and more predictable once your bid is accepted.
How to Prepare as a Foreigner
- Open a Norwegian bank account early (this can take time). (if possible for you)
- Secure mortgage pre-approval from a Norwegian bank if you need financing if (possible for you)
- If using funds from abroad, discuss the documentation requirements with the agent well in advance.
- Understand the bidding process — offers are legally binding the moment they’re accepted.
With experience guiding many international clients through this process, I can help you navigate the rules and avoid costly delays.
I always take time with my clients in advance to clarify this, so we can avoid delays or being denied participation in the bidding process.
DM me if you’re ready to start your home-buying journey in Norway — and let’s make sure your financing is rock solid before you bid!
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