What do China people need to buy a house in the United States?

If I buy it myself, as long as I have a passport. If you entrust others to buy, you need to write a power of attorney to the trustee. The power of attorney needs to be notarized, and a copy of the passport is enough. With the power of attorney, the trustee can use the funds in the bank account under the client's name to pay the house purchase price, sign the house purchase contract and other legal documents, and handle the transfer formalities on his behalf.

1. There are not many restrictions on buying real estate in the United States. As for China people who can buy American real estate without a green card, the real estate market in the United States is relatively free and open, and almost no state government sets data similar to the "house purchase index". Therefore, if China people want to buy a house in the United States, they just need to prepare a large sum of money and find a suitable real estate agent, and everything will be fine.

2. You can't immigrate if you buy a house: foreigners can buy a house in the United States, but they can't get American identity. Property right is different from residence right: in the United States, you can buy a house with property right or residence right, and the house with property right can be freely bought, sold and rented by the owner, while the house with residence right has only been owned for more than ten years, and can only be rented and sold through the property neighborhood Committee, which is several times cheaper than the house with property right.

Matters needing attention in buying a house overseas

1. To buy a house in the United States, you must first transfer the purchase price to an overseas account. For buyers in China, the purchase price is not a problem, but there is a limit of $50,000 per person per year in China. When buying a house in the United States, the seller requires the buyer to provide proof of the purchase price or bank loan, which is in English. After all, few Americans can understand Chinese. When in Rome, do as the Romans do, and don't be defeated by details.

2. How to bid after seeing the houses in America? America is a place where information is very transparent. After seeing a real estate, most brokers will help guests evaluate the price of the house and estimate the present value of the house in recent market transactions. If the seller asks a high price, the broker will help the buyer bargain. If the asking price is lower than the market price, the broker will help the buyer grab it quickly.

3. Property right does not mean lifetime ownership. As we all know, many new China buyers will have the idea that "buying a house in the United States means living for a lifetime, or even passing it on from generation to generation". In fact, this is not in line with the actual situation in the United States. According to the average statistics over the years, Americans change their houses every seven years or so. There are many reasons for changing rooms, such as the change of work place, children going out to study, the change of family population, or changing mature urban areas to remote and quiet places after retirement.

It is not difficult to rent a house in America. Seattle and other areas are prosperous in economy, with a large number of migrants and tourist cities, and need a large number of rental houses. Many property buyers are worried about the problem that their houses can't be rented out. Actually, there are too many concerns. You can't rent out without a house. In fact, whether the house can be rented out depends on whether the rent the owner wants is in line with the rental market price, and the key lies in whether the price is in line with the market.

References:

North American house purchase network