Step 1 Determine the purpose of buying a house.
When you decide to buy a house in the United States, you must first determine whether the house is occupied or invested. The purpose of buying a house is different, and the criteria for choosing a property are different. If it is self-occupation, it is necessary to carefully examine the current situation of real estate, including the community, surrounding environment, supporting facilities and other issues; If it is an investment, more consideration is given to future appreciation. Try to choose a property with high cost performance, low investment cost, good future development prospects and easy rental.
Lock the purchase area
The urbanization level in the United States is relatively high. Buying a house is not as close to the city center as possible, but depends on the neighborhood where the property is located. Austin, the international real estate investment manager of Meiya Real Estate Group, said that there will be different communities in the same area, maybe just across the street, but the price difference is several hundred thousand dollars. Before buying a house, please ask the real estate agent to introduce you to the relevant data of the community. If you have the conditions, you can take a walk in the community and get to know it more intuitively.
Choose a real estate agent
In the United States, the brokerage commission of both buyers and sellers is paid by the seller, so it is more reassuring for buyers who don't know the local situation to trade through professional brokers. "Because the housing system in the United States is * * * networked, the China agent of Meifang Bar can query all the housing information in the system, and the United States has strict legal constraints on real estate agents, so fraud rarely occurs." Austin said, so buyers only need to find a broker who can communicate freely and close his eyes through domestic professional institutions or go to the local area.
Obtain a loan pre-approval letter
China people can apply for loans when they buy a house in the United States, but it is relatively difficult to apply. If you want to borrow money to buy a house, buyers need to get the pre-approval letter from the bank first, then determine the amount they can borrow, and then choose a house. Because it takes one or two months from application to pre-approval letter, the seller may not have the patience to wait for you. At present, most China customers who buy a house in the United States choose to pay the house price in full in cash, which is also their advantage in buying a house locally, because sellers prefer to sell their houses to customers who can pay the house price in one lump sum.
Sign a house purchase contract
After a period of house selection and viewing, the broker will give a reference price according to the real estate situation and market performance when he meets the favorite house. The buyer determines the preliminary purchase price according to the reference price and the seller's quotation. Subsequently, the broker will make an offer to the seller's broker. If the price is agreed, a formal purchase contract can be signed. At this time, the buyer needs to pay 20% of the house price as a down payment and deposit it in a third-party supervision account.
House inspection
The maintenance cost of the house is one of the important expenses of holding American real estate. If you buy a second-hand house, after signing the purchase contract, you must ask a professional house inspection agency to conduct a comprehensive inspection and issue a house inspection report. If problems are found, you can negotiate with the seller to solve them, ask the seller to be responsible for maintenance, or reduce the house payment. If a particularly serious housing problem is found, buyers can also choose to cancel the housing transaction.
Step 7 Property Right Transfer Investigation
About two weeks after the signing of the house purchase contract, the professional property transfer agency in the United States will conduct a transfer investigation, mainly to investigate whether the seller's property rights are clear, and will issue a property transfer document after confirming that there is no problem. Because there are professional institutions to check, there is generally no such thing as one room and two sales and unclear property rights in the United States.
apply for loan
After the buyer applies for a loan from a lending institution, the third-party evaluation agency will evaluate the house. If the appraisal is lower than the transaction price of the house, the buyer can negotiate with the seller to lower the house price or directly terminate the contract. If the buyer is temporarily unable to apply for a loan, he can also request to terminate the contract. Whether it is necessary to pay liquidated damages to terminate the contract mainly depends on the specific provisions when the buyer and the seller sign the purchase contract.
Buy family insurance
When buying real estate in the United States, people usually buy home insurance. If it is a loan to buy a house, the lender will ask the buyers to buy home insurance before the transfer. In addition to the basic insurance items, in areas with frequent natural disasters, it is also necessary to insure a natural disaster insurance, such as hurricane insurance in the southern United States and earthquake insurance in California.
Step 10 Transfer of Property Rights
After obtaining the ownership transfer documents, the buyer will transfer the balance to the third-party supervision account, and then transfer the ownership. After about two weeks, the buyer can get the title deed. The website of the local government will be updated once every six months or so. Buyers can log on to the local website, enter their own names and find their own properties.