Beata She's blog : Features of buying real estate in the U.S.

During the economic crisis between 2007 and 2011, real estate in America became very cheap; prices fell by an average of 30% nationwide.

Today the housing market is relatively stable. When buying a home in the U.S., you should pay attention to the area's safety, the availability of nearby schools, hospitals, and stores, and the quality of roads.

Buying real estate in the U.S. does not guarantee U.S. citizenship, but you can apply for a business visa.

If you buy real estate worth 1 million USD and employ 5 to 10 people (for example, commercial real estate california https://mlsworldwide.com/en/sale-united-states-california-commercial), buying a property for repairs with subsequent resale, you can count on getting a visa EB5 or L1.

Almost all real estate transactions in America involve realtors, which can be chosen based on the state where the purchase is made.

Different states have nuances of buying and selling real estate, so the realtor chosen must have a license from the state where he works.

Agent's services for the buyer are completely free; the seller of the property pays for them.

Stages of the purchase

I am drafting the offer.

The realtor draws up a standard offer contract for the seller to buy the property from him. To the agreement, attached is a bank statement on the availability of funds in the account. After the seller accepts the offer, a contract is signed which specifies the terms of the transaction and its amount and set the inspection date to inspect the property. The buyer hired a lawyer to legally monitor the transaction at this stage.

A foreign buyer must have on hand copies of domestic and foreign passports and a visa—inspection of the property.

The property is inspected, and a written report on the results is drawn up. The buyer can terminate the purchase agreement if any serious defects are discovered.

Bargaining is possible and welcomed. Legal inspection. The legal registration of the building is checked, it is found out if the sale is legal, and insurance is arranged.

Registration of the owner in the county courthouse or registry office after the seller's account is credited with the principal amount of the purchase. The buyer becomes the home's legal owner six to 10 weeks later.

Additional fees (taxes, attorney fees, court fees, insurance). If you have no opportunity to come to the country for the transaction, you may perform it remotely, having a power of attorney for a lawyer. There is no need to doubt the reliability of this operation when using the services of a licensed attorney.

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