Several common potential risks of buying a house overseas

Where there is investment, there is risk. Buying a house across the border is a trap. To this end, we have collected some common potential risks for buyers' reference.

Faster house becomes a "paper house"

Cyprus developers were really affected by the banking crisis, which led to the Cyprus developers who originally planned to rent four booths at the Beijing Spring Exhibition and finally rented two booths. Some developers in Cyprus even advertised "300,000 to buy 2 sets" to sell houses in Beijing.

Intermediary immigration agencies said frankly: "After the banking crisis, large deposit accounts were partially frozen, and some developers were trapped by cash flow pressure and tried to sell their houses." At present, investors are still advised to buy existing homes. "Although buying faster at this stage can be more favorable in price, these houses on paper may always be just paper houses. How can developers who can't resist this crisis have the opportunity to build it? "

Don't neglect law and order when buying a house overseas.

"Don't buy a house in the United States with a bargain-hunting mentality!" Houses in Detroit want cabbage prices, but they dare not take them for nothing. The local public security is not good and the crime rate is high. If you buy a house, in case the house is set on fire by the bad guys, the life of the neighbors will be affected, and the owner can't escape. There are also people who don't understand the local environment and want to go to the United States to buy rent and earn rent. Once there is any problem in the process of renting, it is entirely the responsibility of the owner. Although the laws of different States are different, they all tend to protect the interests of tenants. If a person is not in the United States, the house leaks or breaks down, and the owner fails to repair it in time, he is waiting for a subpoena from the court.

Beware of shrinking deposits.

China has strict foreign exchange control, and each person can only exchange up to $50,000 per year. You can use the places of relatives and friends to buy a house overseas and ask them to help you send money abroad. There are no restrictions on remittance of overseas assets. Some immigration experts reminded that investors who immigrate to Cyprus to buy a house should try to avoid bank taxation. It is reported that 300,000 euros of China people who invested in Cyprus before are still in their bank accounts. In case of crisis, the write-down of 200,000 is gone, and the remaining 654.38+ 10,000 (guaranteed by deposit insurance) can't buy a house.

Buying a school district depends on the district.

School districts in the United States must admit children as long as they can come up with a list of public facilities and a list of children's vaccinations. But if the address of the house does not belong to this school district, the school has the right to refuse. The United States has 13 compulsory education (K- 12). Graduation from high school in public schools is free. Just pay the school about 1 USD for lunch every day. If the family's financial situation is not good, you can apply to the school, and even the lunch fee above 1 US dollar can be avoided. Books and teaching AIDS are free (they should be returned at the end of the semester). Of course, free education is supported by the property tax paid by the residents of this city, including your own property tax. Children who are not in the school district can only go to private schools, and the tuition is very high, so most people will choose a good school district when buying a house.

Buy a house classroom

Do your homework before shooting.

Generally speaking, the United States welcomes foreign investors. China people can legally enter the United States only by providing personal identification and visas. As long as you have a China passport, even if you don't have an American visa, you can complete the transaction by fax, but the procedure of buying a house is relatively complicated. The basic process of real estate transaction is as follows:

China people who come to the United States with China passports and legal visas apply for a formal loan advance approval letter (down payment of more than 30%) and choose the area where they want to buy a house. Then discuss the purchase demand with your real estate agent. The agent introduces the house and chooses the house. What needs to be explained here is that both buyers and sellers have their own brokers, and the bargaining process is also completed by both brokers. Because Americans think it is impolite to talk about money orally, every offer needs to be reported in writing through a broker.

In addition, if your quotation is too low, it may be considered "impolite" by the owner and refuse the transaction. After the price is settled, you need to fill in the bidding contract for house purchase, pay a deposit check, and deposit the deposit check in a third-party notary trust company. After that, there are house inspection, maintenance and a series of house reports, including notarized trusteeship, former owner's (property right) report, termite inspection report, home insurance and so on. After the loan information is signed, it will enter the final step of notarization and custody, followed by delivery and inspection, bank lending, information registration and turnkey. According to the completeness of the materials, the whole process takes 2 weeks to 2 months.

Buying a house in the United States must first clarify the demand. Whether living or investing in children's education, the climatic conditions, laws and policies, population composition and cultural atmosphere of different cities can not be ignored. In America, you can't look at the house whenever you want. If you go there without an appointment, you can only fill in a thick stack of information and start a long wait.

The cost of owning a house in the United States mainly includes property tax, home insurance and property fees. In addition to paying the property tax (the property tax rate varies from state to state, ranging from 1% to 3%), if you buy a house in a state with frequent natural disasters, you should also buy additional earthquake insurance and hurricane insurance in home insurance. The property fee varies according to the room type, but the older the house, the more expensive the property fee. The above fees are also to be considered by buyers.

(The above answers were published on 20 16-03- 15. Please refer to the actual situation for the current purchase policy. )

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