What should I pay attention to when buying a house in America?

Some points to pay attention to when buying a house in cash:

Overseas real estate is a hot topic in recent years. As a mature market economy country, the procedure of buying a house in America is simpler than that in many other countries. If you buy it in cash, there was almost no limit before. Therefore, cash has become the first choice for many people in China to buy real estate.

But in the future, domestic local tyrants should be careful if they want to buy a house in cash again. The U.S. Federal Treasury Department said last week that it would intensify the investigation on foreigners' use of American real estate to launder money, mainly to strictly investigate the purchase of houses in cash, especially the transactions of large luxury houses.

Since June 5438+ 10 last year, the Federal Ministry of Finance has required all property insurance companies to carry out anti-money laundering strategies in Manhattan, new york and Miami, Florida, in order to confirm the true identity of high-end real estate cash buyers, especially foreign buyers.

This means that even if cash buyers trade through shell companies, they can find out the true identity of the payee.

In the past, in many States in the United States, buying a house in cash could hide your true identity. However, this secrecy has been exploited by many lawless elements, hiding and transferring illegal gains in disguise, obstructing the investigation by law enforcement agencies, using shell companies to launder money and avoid taxes, and even using bleached funds to commit illegal acts such as drug trafficking, fraud and human trafficking.

As long as it is a high-end property purchased by non-loan, the price threshold is set. This threshold is slightly different according to market changes and price differences, but generally speaking, as long as 10% of the houses in front of the market in this region are within the monitoring range.

For example, the limit in the San Francisco area is $2 million. As long as it exceeds this amount, the real estate insurance company must obtain the buyer's driver's license, passport or similar identity information and report it to the Federal Ministry of Finance for filing and investigation. If the insurance company does not do this or provides false information, it will face criminal punishment.

As a result, the Ministry of Finance found that more than 30% of the transactions they handled to buy high-end real estate in cash involved suspicious financial activities. As this policy is very effective in combating money laundering, the Ministry of Finance has extended its application to other regions including new york, LA and San Francisco.

According to the original regulations, the investigation ended this month. However, last week, the Ministry of Finance announced that this temporary decree will be extended by 180 days from February 24, 1965, in order to find out more behind-the-scenes buyers who may launder money by buying houses in cash.

The Ministry of Finance also revealed that they are currently investigating a major case of real estate money laundering through shell companies, and several buyers are suspected of participating in corruption in Asia and South America.

Points for attention in buying a house with two loans:

Many people in China want to buy a house in the United States. What should I pay attention to during the loan process?

Many new immigrants will be very upset and want to buy a house, but what if the credit score is not high?

"After new immigrants open two credit cards and pay back the money on time for seven or eight months, the credit branch will rise rapidly, about 700% or more." After owning a credit card, the cardholder should pay attention to the credit card limit.

"The credit card company will give you a limit of 1000 dollars. A maximum of 50% will do. Not too high. Too high will affect the credit score. "

Even if there is enough cash when buying a house, he suggested that those who have the ability can still consider applying for a housing loan. In addition to timely repayment, it can also improve the credit score, interest and loan fees can also be deducted from personal income tax, and the remaining funds can be used for other investments to avoid putting eggs in the same basket.

20 17 the confidence of bank lending institutions in consumers has rebounded. This year, "the upper limit of housing loan has been raised from 410.7 million to 427,000", which is the first time since 2006 to raise the loan benchmark.

He also reminded Chinese who want to buy a house that in order to get a loan smoothly, they must prepare tax return records first.

He said that many people can't get loans mainly because there were too few tax returns before. In addition, the recent increase in mortgage interest rates, he suggested that people who intend to buy a house act quickly to avoid a greater monthly burden. He said: "interest rates may rise rapidly in the next two years, and people who want to buy a house should start quickly."

I suggest that you avoid depositing more than 1000 yuan in cash before applying for a mortgage, and avoid applying for other loans and credit cards during the loan period. If the funds come from abroad, the correct source of funds must be provided, including the bank information of the remitter.

The common American loan to buy a house is divided into three stages: 30 years, 15 years, and 5 years. There are 65,438+00 years, 65,438+05 years and 20 years for fixed-rate mortgage. The most common loan is a 30-year loan with the same interest rate. According to the loan amount, the same principal plus interest is paid every month. Experts advise conservative buyers to choose a 30-year loan without worrying about interest fluctuations.

Another kind of adjustable interest rate mortgage is that the annual interest rate was very low in previous years, but it will be adjusted every year after that.

For example, 5/ 1 ARMs means that the interest rate will remain unchanged for the first five years and will be adjusted every year after the sixth year. The adjusted interest rate may be higher than that of fixed-rate loans. It is suggested that if the buyer can pay off the mortgage within five years or sell the house within five years, this interest rate is appropriate.

For those who want to save interest expenses, it is a good idea to repay the principal in advance and then borrow money.

There are three other points to note:

1) Check the statement and text of listing for sale. When some houses are put on the market for sale, they are called "as is", so buyers must find out whether sellers are absolutely unwilling to solve major security risks. If the seller has no money or is unwilling to pay the repair fee, it is best to be prepared to find a house.

2) Understand the requirements of the lending bank. Some mortgage lenders require that certain safety factors, such as rotten roofs or dangerous structural defects, be solved before they can provide loans.

3) Find information about related buildings and sellers on the Internet. If a house is found to have been renovated recently, check the records of the relevant county to see if a building permit has been obtained. Buyers should ensure that major renovations comply with relevant laws and regulations.

4) Check the house. When buying a house, even if it is a new house, please ask a house inspector to thoroughly inspect the house. The general cost is 300-500 dollars. Maybe the inspector can't find all the problems, especially the problems that the seller deliberately hides, but the buyer should not skip this step, and the subsequent problems may cost a lot of money.

The main point of the seller: if the house is sold, the seller has the legal and moral responsibility to disclose any obvious defects before listing for sale. They include:

-Damage to the roof, subfloor or wall;

-Outdated electricity or piping systems;

Structural damage caused by flood, fire, strong wind and soil erosion;

-faulty electrical appliances;

Problems with the housing system (air conditioning and heating, stoves, water heaters).

-Cracks in the structure or foundation.

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