What are the advantages of buying a house in America?

Buying a house in America is a good choice, so what are the benefits of buying a good house in America? This is a concern of many buyers. Let's take a look at it with the overseas immigration network! The following is the relevant information I have compiled. Welcome to reading.

What are the advantages of buying a house in America?

Most people who buy houses in America are young people with fixed income. The average house price is five times the annual household income, which is a reasonable level. Therefore, buying a house is not difficult for young people with jobs. There are many laws and regulations on American real estate living in the United States, among which the "employee access system" (real estate licensing law) is the most stringent law. It is the National Real Estate Commission that enforces laws and regulations, including refusing to issue licenses, detaining licenses and revoking licenses. There are also special supervision institutions in various places to supervise the behavior of employees. Once a broker or salesman violates professional ethics, his license will be suspended or revoked, and it is difficult to continue to engage in this profession.

In order to ensure the security of transactions, many states have set up a real estate demobilization fund system to compensate the losses caused by brokers' own mistakes. When the compensation is allowed and paid, the broker's license will be cancelled until the compensation and interest are repaid. In the United States, real estate is traded through a third-party "neutral intermediary", where the buyer's money is remitted to them and the seller takes money from them. Real estate agents also take money through this institution, which fundamentally eliminates the fraud of intermediaries. China people buy houses in the United States, and American banks have flexible loans. "Everyone is looking for their own way through interaction." . Different from China, the consideration of borrowing in the United States is related to the stability of work and income, and has nothing to do with age. The United States can borrow for up to 30 years. "Especially for the elderly, the bank will even pay the elderly, but once the old man dies, the ownership of the house will belong to the bank."

The real estate agency industry in the United States implements the exclusive agency system, that is, a broker can only trade on behalf of one party. Both buyers and sellers have their own brokers, and two professionals negotiate the transaction. If the transaction is successful, both brokers will receive a 3% commission. Most students living and studying in the United States have plans to buy a house in the United States. Those who haven't bought yet are also actively looking at the house. When talking about the difference between buying a house in America and buying a house in China. They all say that compared with people in China, it is much easier and happier for Americans to buy a house. America is a country that encourages consumption. For them, it is more cost-effective for China people to buy a house in the United States than to rent a house. People like to buy a house and can afford it.

Buying a house is exempt from personal income tax. The federal, state and local governments in the United States have many laws and policies to encourage home purchases, and provide many preferential policies for home buyers, such as tax exemption and low-interest loans. Personal income tax in the United States is very heavy. Generally, tax accounts for about 20% to 40% of annual salary in a year. Living in the United States, the American tax law stipulates that individuals' monthly income can be tax-free for paying bank interest for buying a house, but not for renting a house.

Buying a house is a stable means of investment. Americans don't like saving, but they are happy to invest. Although the profit of buying a house is slow, it is basically only profitable. As we all know, only real estate can preserve and increase its value, and buying real estate is equivalent to ensuring that you can enjoy enough pension funds in your later years. Some elderly couples, who used to live in "luxury houses", sold them after retirement and bought a row of villas, so that they could have a considerable sum of money for their old age.