BUY AMERICAN RESIDENTIAL NEEDS REAL ESTATE PRICE

1. DETERMINING THE LOCATION OF BUYING A HOUSE

The first question in the buying process in the US is to determine where to buy a home. Depending on the geographical location, the cost of the houses varies. The reason for that price difference comes from the difference in the frequency of different services for the needs of life and the development of that area.

If you have a good financial balance, you can consider buying houses in big cities, with a pleasant climate, developed economy, modernity and many beautiful scenes like Los Angeles, San Francisco, Hawaii, .. If you want to buy a home to serve your childrens learning needs, you can choose to buy a home in California, Washington, Texas, Oregon, etc. These are all places where many prestigious schools in the US are located.

2. ESTABLISH BUDGET BUYING AMERICAN RESIDENTIAL HOUSE

Once you have determined where to buy your home, the next thing you need to prepare is to set a reasonable payroll and accumulation budget. To be able to fully buy houses in the US, you must be approved to lend by banks. They will look at their monthly income before agreeing to a loan. In particular, all types of home payments in the US must be below 36% of your total income.

3. CONSIDER MONEY LINE

You must prepare an advance payment for costs and contract signing. To buy a house in the US, at least with installment payments, you have to pay 20% of the real value of the house upfront. In case of permanent residence, you will be accepted for a larger loan at the bank. Especially if you meet the conditions you will only pay 3% of the value of the house in advance.

However, there is a note when buying mortgage in the US. For payments of less than 20% you will incur an additional cost of private mortgage insurance in case you cannot afford it.

You must consider your ability to pay for contracting fees. That contract fee includes 5 types of fees. These are appraisal fees, attorney fees, test fees, loan fees and title search costs.

4. FIND PRESTIGIBLE REAL ESTATE BROKERAGE

The purchase of American settlements is almost done through a certain agent. So when buying a home, to avoid fraud, unnecessary procedures you should choose a reputable real estate broker to help find a home.

Finding a reputable broker will make the buying process easier

5. CHOOSE AND REVIEW IT CAREFULLY YOUR HOUSE

Before choosing a home, there are many factors to consider. What are your family income, desires and family living standards. Besides, you should pay attention to places with prestigious schools. Buying a home in the United States near the school system will help the value of the home be improved.

6. CAREFULLY AGREEMENT BEFORE BUYING A HOUSE IN USA

Once youve found a home you like, you need to agree with your agent or broker to get a reasonable purchase price. After the two parties have agreed on a price, the seller agent has the task of proposing and then signing the contract.

7. WHEN RECEIVING CONTRACT

Reviewing the terms of your US home purchase agreement will help you with the necessary knowledge you need to meet before buying a home. You need to make sure the terms like the house are broken? Are benefits from contract liquidation guaranteed? What is the form of payment. Consider the terms that violate not to have appropriate solutions.

Before buying you have to pay a good-faith deposit to the seller. In the event that the home purchase agreement fails, you will receive back the money.

8. LOAN SECURITY

To protect your payment interests, you must look at loan guarantees and decide on interest rates such as fixed and mortgage rates. Most home sellers will require you to prepare home location insurance before accepting a loan.

9. RENTING PRIVATE PEOPLE

You need to hire a private evaluator besides having to appraise a mortgage lender. It usually takes more than two hours and costs about $ 800 to $ 1500. Hiring a private assessor will help you assess the condition of your home in need of repair. From there you can negotiate more closely with the seller.

10. END OF CONTRACT

After agreeing on the terms of the contract and reaching the final decision you will be notified by the lender. Accompanied by a list of expenses payable.

Indochina International Investment & Appraisal Joint Stock Company (INA)

• Address: 121 Nguyen Van Troi, Ward 12, Phu Nhuan District, Ho Chi Minh City
• Hotline: 0934 252 707 / Email: info@inavn.vn