What are the eight things that China people must pay attention to when buying a house in Los Angeles?

It is worth noting that foreigners buying residential properties in the United States has nothing to do with applying for a green card or naturalization. Some domestic investors who don't understand the content are sometimes misled in this respect, but having a fixed residence is also helpful for you to apply for a green card or naturalization.

Many China buyers also buy properties through the EB-5 investment immigration program of the US government, which is considered as a quick way to get a green card. As an investment immigrant in the United States, investors generally need to personally manage investment projects and directly create 65,438+00 jobs.

Buying a house is not necessarily related to immigration. Moreover, if the investment project fails or it cannot be proved that its project directly or indirectly provides 10 jobs, the green card will be dead with the investment.

The role of real estate agent

In the United States, 95% of real estate transactions are completed through brokers. When you decide to buy a house somewhere, it is very important to hire an experienced real estate agent. A good broker can not only help you with all the necessary procedures related to the transaction, but also remind you of unexpected problems to avoid future troubles.

Budget the cost of buying a house

In addition to the down payment, there are also various service charges. Ask your buyer's agent or bank loan officer to estimate various expenses before buying a house, including transaction fee, title deed insurance, lawyer's fee, house inspection fee, apartment management fee, house insurance fee, real estate tax, etc. These expenses should be paid or paid off before the final house transaction.

As the average China person has no green card and credit line in the United States, most of them can only pay in cash. However, property buyers can discuss with the broker several times and pay cash in advance. As long as the broker agrees, there will be no problem. Subsequently, the buyer needs to fill in the relevant forms according to the requirements of the broker. At this time, brokers often ask buyers to deposit about 5% of the house price in a third-party notary custody company to show the sincerity of buyers. If the sale fails, the deposit will be refunded in full, unless otherwise agreed in the contract.

In addition, unlike China, although it is necessary to pay the broker a commission of up to 6% of the total house price, the buyer does not have to pay this money, and usually the seller pays this commission.

See the house in person

You'd better see the house yourself. Many old houses need to be repaired, some of which are not visible on the surface, and even less visible in the pictures, unless the houses with very new ages, such as those after 2005, are better. Don't buy a house, there are still many repairs to be done, and that will be sad. Labor and material costs in the United States are very expensive, for example, the cost of roof replacement is about 30 thousand dollars, and the cost of air conditioning is 65,438 dollars+0,000 dollars.

Bargaining should be appropriate.

Buying a house in America is negotiable. However, some domestic buyers are willing to bargain, which makes the other party feel insincere and thus loses opportunities. Real estate experts said that relatively speaking, the real estate market in the United States is mature and the information is open, so the house to be sold will not be priced at will. Therefore, when bargaining, you can negotiate with brokers to bid without significantly lowering the price.

The purchase procedures are cumbersome and need to be gradual.

Compared with buying a house in China, buying a house in the United States is more complicated. Buying a house in the United States generally goes through 18 procedures (including the loan part): 1. Discuss purchase requirements with real estate agents; 2. The bank or loan company shall provide the loan qualification audit certificate; 3. Apply for a formal loan pre-approval letter; 4. Choose the area and apartment type of the house you want to buy; 5. The broker introduces the house inspection and house selection; 6. Fill in the bidding contract for house purchase and pay the deposit check; 7. Deposit the deposit cheque in a third-party notary trust company (open custody); 8. Do house inspection; 9. Find the seller to repair; 10, review the results of the housing report; 1 1, review the report of the owner (property right); 12, review the termite inspection report; 13. Buyer's insurance; 14. Lock the loan and sign the loan information; 15, delivery inspection; 16, bank lending; 17. Transfer (the buyer obtains all the documents of property right transfer from the seller), and the buyer pays all the balance and delivers the key; 18, moved into a new house.

Property tax collection

In the United States, all kinds of taxes levied on the possession, disposal and income of real estate are collectively called property tax. All 50 states in the United States levy property tax, which is the main source of income for local governments in the United States and the main means to balance local budgets. Once you become a homeowner, you need to pay real estate tax to the local government every year.

Therefore, it is certainly no problem to use the house for self-occupation. If you rent, as long as you choose a good location, you will have a stable income. However, if we continue to "rent" the house in China and wait for the house price to rise before "speculating" it, we must think it over. Of course, this possibility is not without, but investors need to have a particularly keen eye.

Current house purchase appreciation

The recovery of the US real estate market in the past two years has brought about a sharp rise in housing prices in many areas, especially those areas that are particularly favored by China buyers. From the perspective of long-term investment, entering the US housing market is a rare opportunity. Among them, the main factors mentioned are that American housing prices have bottomed out, interest rates have remained low, and the RMB has tended to depreciate. Domestic investors with financial resources can regard American real estate as a tool for long-term strong profits.

For California, the place with the largest number of Chinese in China, many houses have the value of long-term investment. These satellite cities where Chinese gather or are familiar with have good quality of life, high-quality schools, high-grade commercial service areas and perfect infrastructure. Experts believe that as long as the choice is proper and the cost of buying a house is well controlled, buying a house in these areas will have a long-term appreciation opportunity.