How To Buy A House In The Usa, Buying Property In America, Foreign Investors Buying In Usa

By Author: Augustus Snyder
Total Articles: 384
Comment this article

The United States has always had a very inviting attitude to foreign investors buying real estate.
Anyone can buy U.S. real estate, its easy and fast. You can complete the acquisition transaction, as long as you possess a Chinese passport, as well as if you are not In the U.S., the deal can be done by facsimile You will need the help of a good real estate agent.

Is it smart to buy a hose in the usa

In China, particularly Beijing, the cost of a little apartment is about the same price as a large house in the United States. The investment value in United States is much better, it’s a good choice for kids to attend school or even university, and its also a good choice for a holiday or retirement home.

A good real estate agent that may be trusted is very important. The entire process of buying a house can take a few months. But quote, when you do make an offer on a house the cool thing is that many other people will be wanting to buy the same house, so you as well as your agent must behave very quickly! Your real estate broker will have the experience to guide you.

...
... In United States there is no charge to use a real estate agent for buying a house.
It's the seller who will pay the commission towards the real estate agent!

When is a great time to invest in real estate?

Since 08 ,in the United States , the big housing bubble shattered, and prices fell by more than 30% or more, and some house prices have fallen back to early 2000 levels. This particular represents a great investment chance that will not come once again for a long time. Prices have gone back up 10 % or more since then. But most houses still are a good worth and investment.
?

You don't need a green card to purchase a house in the United States. If your visit is for purchasing a house ,then you will need a visa. Normally it's best to pay the home all cash. Numerous investors are having to pay all cash for homes now. You will need to have your money ready in the USA or Hong Kong,
Because there are export restrictions upon cash in China.

If you choose to get a loan the entire process of buying a house could be more complicated. You will need a minimum of 30% down payment. Loan interest rates are now 2.5 % to 5% (bank rate can change).

If you are getting a loan you will need to speak to a loan agent as soon as possible. You need to provide info to help you get a loan in a lower interest rate. The borrowed funds process takes regarding 45 days. For this reason many investors prefer to pay all cash, it is much quicker and higher chance to buy the home.
?

What documents do I need to buy a house ?

The real estate transaction involves the following basic process, if you do not require a loan, it will be easy. However, our real estate agents will help you successfully total the whole process:

One) Chinese passport and a legitimate visa towards the United States
2) software for formal loan approval letter ahead of time (you will need more than 30% deposit)
3) Select the region you want to buy a home, our agents may guide you.
4) The majority of the real estate documents will be made by your real estate agent. You will only need to sign the actual documents.
5) In case your offer to buy home is accepted you will need to pay a 3% deposit in order to escrow company.
6) A house Inspection will be done. Other inspections will also be done for your protection.
7) You will review the original reports of homeowner’s property rights.
8) Indication loan documents.

The other costs with buying a house ?

Property income taxes are different in every state. In California property taxes are regarding 1 %.
So, each year the house owner must pay 1% in property taxes. This is usually the largest repayment the owner of the house will pay. The price is determined on the cost of the house when purchased.
In China there is not a perception of property taxes, but also property rights are only 70 years. In the usa it is forever that you simply won the property.

Insurance coverage for the house is another fee that the owner will pay. Insurance on the house is only required if you have a loan around the house. If you pay all cash you will not be required to get insurance, although it is highly suggested. Price of insurance is about $1,000 a year, less for smaller homes.

What if I cannot go to United States Often , how about my house ?

If you buy a property and cannot visit it because you are too busy then you will need to get a
professional housing management staff ,they can make certain everything is ok with your house.
They will clean the home and do normal maintenance , including the front and back garden.

You may also wish to rent your house to good tenants. A professional management company will take care of every thing including someone to lease the house. Always get the consultation of a expert real estate agent, this will help you get a worry free expense.

US Real estate
Los angeles real estate