American apartment purchase process

Many people will choose to immigrate to the United States, so how to buy an apartment in the United States? This is a problem that many people are concerned about. Let's take a look at the purchase process of American apartments. Welcome to read.

1. The property rights and land rights of the owners of apartments

only account for 1/n of the whole, and they are usually sold as a whole. Apartments are divided into four units. Four units belong to residential or income-generating houses, while five or more units belong to commercial real estate. Sales, loans and taxes need to be handled in accordance with the rules of commercial real estate.

Generally, apartments have a unified water supply system, and the water fee is shared equally by users. Apartments with good location, close to schools, downtown and bus stops can usually get high rate of return on capital, which is of investment value.

2. Purchase process

1. Preliminary preparation

A. Select the buyer's agent

B. Decide the area and conditions for purchasing the house

C. Select the loan company

2. Prepare the house purchase funds or loans

such as cash purchase: prepare the bank statement with sufficient funds

such as loan purchase:

And check the credit score

B. Choose a suitable loan plan

C. Obtain a loan pre-approval letter

3, and find an ideal house

A. Check the newly listed houses on the website

B. Ask the broker to select the information of listed houses

C. Show the house to the broker

4, and find a suitable house

A. The buyer decides the bid amount

B. The broker explains the house purchase contract and helps to fill in and improve the terms and conditions

C. When the contract is issued, a deposit check (generally, the deposit is about 2-3% of the bid amount) is attached.

D. The seller can give a counter-offer for the disagreement, and the buyer can choose to accept it or make a counter-offer.

5. The house purchase contract is accepted by both parties

A. Select a lawyer

B. After both parties reach an agreement, the buyer's and seller's lawyers will go through the formalities of transfer of ownership

C. Send the deposit to the lawyer

D. Sign the official transfer documents and various reports on the house

6, and apply for a loan