What should I pay attention to when buying a house overseas?

Understand the local economic situation

"The most important thing to buy a house overseas is to understand the local real estate market and understand the local economic development. This is a more rational investment method. " To invest in the overseas real estate market, we must have a comprehensive understanding of the economic development of the areas we choose to invest in, rather than acting on our feelings. Now the information is spreading very fast, so it is not difficult for buyers to know about it. Only when they know clearly can they know fairly well.

Understand what kind of cycle the local market is in now. According to the investment model of the mainland, choosing a good location can get a good return. However, the development of overseas real estate market has its own cycle. If you enter the down cycle, even if you invest in top-level lots, it is difficult to ensure the success of the investment. Therefore, it is very important to choose the cycle of real estate and when to enter this market.

Understand different policies in different places

According to reports, the main purpose of overseas home purchase is to consider the fixed assets invested overseas, future immigrants or children's schooling, so they should have an understanding of local policies. Of course, we must also affirm the policies of various countries on overseas people buying houses.

The laws and policies of different countries and regions are different, so for different countries and regions, home buyers need to consult with people who are proficient in local laws. As far as the current situation is concerned, New Zealand has the highest degree of openness, allowing overseas buyers to buy their own homes. Australia is also highly open, but there are some restrictions. For example, the law stipulates that foreigners can only buy new houses and cannot set foot in second-hand houses. After profit, it can only be sold to local people; At the same time, only 50% of a newly developed property is allowed to be sold to foreigners. At present, Thailand, the United States, Canada and other countries are more concerned, especially the United States, where the housing environment is relatively relaxed. Since interest rates have been cut three times, it may be necessary to introduce overseas buyers to stimulate the domestic property market.

Make good use of bank loans

"China may be the only country in the world that likes lump-sum payment. It is very common to buy a house overseas and apply for a loan from a bank. " Therefore, overseas banks have designed many products for consumers to choose from.

In the mainland, as long as the sales contract is signed with the developer, the buyers will hand over the house from now on, although there is still a long way to go. But overseas, it is different. If you buy an auction house, you don't need to pay after the down payment. If it is built next year, then mortgage next year, when to hand over the building and when to pay the money. Of course, some fees will be paid gradually according to the progress of the project, such as land fees and construction fees.

Experts said that when handling mortgage loans, we need the help of professional institutions. For ordinary property buyers, it is difficult to operate because they don't know much about the loan policies of various countries and regions. At present, the down payment for buying a house overseas is between 20% and 30%, which is relatively easy for mainland investors.

Many people will consider how overseas banks review the qualifications of buyers. Experts said that this is somewhat different from the mainland. For mortgage loan applicants, banks are still relatively loose, and overseas banks do not have to worry about housing prices at all. They recognize the report issued by the third-party appraisal agency, and the house will not disappear easily, so the bank will not be very strict under normal circumstances.

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How to manage overseas real estate

Some buyers have suggested that buying a house is easier than raising a house. Indeed, for home buyers who invest overseas, they have no time and energy to manage their own property because they are far from the ocean. Therefore, how to raise a good house has become a more realistic problem. In this regard, it is suggested that home buyers can try to choose projects with professional management teams and custody, which can save themselves a lot of worries. Australia Jinding Real Estate Co., Ltd. is such an enterprise, and the project has an experienced management team; There are branches in China, which can provide 24-hour one-stop service for domestic customers to meet your housing needs to the maximum extent.