American apartment purchase process

Many people will choose to immigrate to the United States, so how to buy an apartment in the United States? This is a problem that many people care about. Let's take a look at the purchase process of American apartments. Welcome to reading.

I. Apartment

The owner's property rights and land rights only account for the whole 1/n, and are usually sold as a whole. The apartment is divided into four units. Four units belong to residential or income-generating housing, while five or more units belong to commercial real estate. Sales, loans and taxes all need to be handled in accordance with the rules of commercial real estate.

Apartments generally have a unified water supply system, and water charges are shared equally by users. Apartments with good location, close to schools, downtown and bus stops can usually get higher return on capital and have investment value.

Second, the purchase process

1, preliminary preparation

A. Select the buyer's broker

B. Decide on the area and conditions of buying a house

C. Choosing a loan company

2. Prepare to purchase funds or loans.

If you buy a house in cash: prepare a well-funded bank statement.

If you borrow money to buy a house:

A. Select a loan broker and check the credit score.

B. Choose a suitable loan plan

C. Obtain loan pre-approval letter

3. Find the ideal house

A. You can check the newly listed houses on the website.

B. Ask the broker to select information about the listed houses.

C. the agent showed us the house.

Step 4 find a suitable house

A. Pick the house you like, the broker helps to evaluate it, and the buyer decides the bid amount.

Agent B explains the purchase contract and helps to fill in and improve the terms.

C when signing the contract, attach a deposit check (generally, the deposit is about 2-3% of the bid amount).

D. The seller can make a counter-offer against the disagreement, and the buyer can choose to accept or make a counter-offer.

5. The house purchase contract is recognized by both parties.

A. Choosing a lawyer

B after both parties reach an agreement, the lawyers of the buyer and the seller will handle the transfer formalities.

C. Send the deposit to the lawyer

D. sign formal transfer documents and various reports on the house.

Step 6 apply for a loan