The United States is a country of opportunity and very safe, so living in the United States can be a dream come true for many immigrants.
Many families are looking for quality of life and an excellent educational background. Investors are looking for properties in the United States to be able to rent them, because the U.S. currency is a strong currency and the economic system is quite solid.
In this post you will learn how to buy a house in the United States to live or invest.
Is it worth buying a property in the United States?
The U.S. real estate market has attracted more and more foreign investors every day to invest or expand business.
Buying a home in the United States can be a great alternative for a very interesting investment, however, before entering this market it is necessary to analyze all the steps to verify the viability of the investment.
Despite the current political instability, the United States continues to be a target for many immigrants.
With interest rates now at almost zero worldwide, property values only increase and continue to increase, because the search is much greater than the number of constructions and launches.
The first thing before buying a property is to define a goal, and analyze what visa is necessary for that goal, and only then apply for a visa that is necessary.
The most common type used by foreign investors is the EB-5, which is an investor authorization, this category requires a minimum initial capital between US$900,000 and US$1.8 million.
This initial capital must be invested in an enterprise that will generate a series of jobs and economic development in a given region for two years.
If the objective is leisure, simply choose the location of the property and define the total to be invested. However, if the purpose is to receive fixed or seasonal rentals, the location will not be as important.
How does paying for a house in the United States work?
To make the purchase, the buyer or investor who chooses the mortgage option does not need to pay any amount directly to the broker. The payment will be made to a judicial account, called Escrow, which belongs to the American notary system.
So be on the lookout if any broker requests a cash deposit. As a precaution, use a trusted real estate agent to avoid future problems.
Advantages of buying a home in the United States
There are several advantages of buying a house in the United States. First of all you need to find a professional broker to assist you in this purchase.
In most of the Orlando (Florida) region, investments are mainly made by foreigners.
There are two purposes at the time of purchase, you must understand with your broker which is the best alternative: fixed rental or vacation rental.
In seasonal rental, the minimum term is one week to close any contract, and if you prefer, you can also enjoy it during your vacations.
In fixed rent you would buy a residential property, when these properties are rented they must have a minimum contract of 7 months.
Around these houses, there are quality public schools, different from seasonal rental properties, but there is a great expectation that these properties will appreciate quickly.
IF I BUY A HOUSE IN THE UNITED STATES, CAN I LIVE THERE?
The immigrant who buys a property in the United States only has the right to live legally in America, during the period of the visa approved for his category, for example, if your visa is a tourist visa, you will have the right of residence. period that the visa allows.
This happens because the purchase of a home in the United States is open to foreigners who have the purpose of investment or a vacation home.
If I buy a house in the United States, can I live there?
The immigrant who buys a property in the United States only has the right to live legally in America, during the period of the visa approved for his category, for example, if your visa is a tourist visa, you will have the right of residence. period that the visa allows.
This happens because the purchase of a home in the United States is open to foreigners who have the purpose of investment or a vacation home.
Does buying a property in the U.S. entitle you to a Green Card?
The U.S. state verifies several factors before granting a Green Card to an immigrant. Buying a property in the U.S. is not a relevant enough condition to demonstrate that you have the qualifications to apply for a permanent residency visa.
How does the mortgage work in the U.S.?
WHAT IS A MORTGAGE?
It is a type of loan that is not as common as in other countries, in this category of loan the collateral is the house itself.
The property does not belong to the bank, but to the buyer. If the buyer cannot pay the financing installments, the bank has the right to take over the property.
BENEFITS OF A MORTGAGE
In 2008, it was the time when one of the biggest economic crises in the world, "The bursting of the housing bubble", occurred, when the U.S. government created tax incentives to facilitate access to housing.
With increased access, many people began to apply for a mortgage, after all owning a home is the American dream.
After many applications were approved, due to the government stimulus, there was a high default rate, which also hurt many banks and financial market players.
Although the housing bubble burst in 2008, investing in a home in the United States can be a good investment for some foreigners. Some of the main benefits are:
Buying a home in the United States is an option to consider, especially if you are a foreigner. Look for a professional and reliable broker to evaluate your alternatives, depending on your main objective.
Many families are looking for quality of life and an excellent educational background. Investors are looking for properties in the United States to be able to rent them, because the U.S. currency is a strong currency and the economic system is quite solid.
In this post you will learn how to buy a house in the United States to live or invest.
Is it worth buying a property in the United States?
The U.S. real estate market has attracted more and more foreign investors every day to invest or expand business.
Buying a home in the United States can be a great alternative for a very interesting investment, however, before entering this market it is necessary to analyze all the steps to verify the viability of the investment.
Despite the current political instability, the United States continues to be a target for many immigrants.
With interest rates now at almost zero worldwide, property values only increase and continue to increase, because the search is much greater than the number of constructions and launches.
The first thing before buying a property is to define a goal, and analyze what visa is necessary for that goal, and only then apply for a visa that is necessary.
The most common type used by foreign investors is the EB-5, which is an investor authorization, this category requires a minimum initial capital between US$900,000 and US$1.8 million.
This initial capital must be invested in an enterprise that will generate a series of jobs and economic development in a given region for two years.
If the objective is leisure, simply choose the location of the property and define the total to be invested. However, if the purpose is to receive fixed or seasonal rentals, the location will not be as important.
How does paying for a house in the United States work?
To make the purchase, the buyer or investor who chooses the mortgage option does not need to pay any amount directly to the broker. The payment will be made to a judicial account, called Escrow, which belongs to the American notary system.
So be on the lookout if any broker requests a cash deposit. As a precaution, use a trusted real estate agent to avoid future problems.
Advantages of buying a home in the United States
There are several advantages of buying a house in the United States. First of all you need to find a professional broker to assist you in this purchase.
In most of the Orlando (Florida) region, investments are mainly made by foreigners.
There are two purposes at the time of purchase, you must understand with your broker which is the best alternative: fixed rental or vacation rental.
In seasonal rental, the minimum term is one week to close any contract, and if you prefer, you can also enjoy it during your vacations.
In fixed rent you would buy a residential property, when these properties are rented they must have a minimum contract of 7 months.
Around these houses, there are quality public schools, different from seasonal rental properties, but there is a great expectation that these properties will appreciate quickly.
IF I BUY A HOUSE IN THE UNITED STATES, CAN I LIVE THERE?
The immigrant who buys a property in the United States only has the right to live legally in America, during the period of the visa approved for his category, for example, if your visa is a tourist visa, you will have the right of residence. period that the visa allows.
This happens because the purchase of a home in the United States is open to foreigners who have the purpose of investment or a vacation home.
If I buy a house in the United States, can I live there?
The immigrant who buys a property in the United States only has the right to live legally in America, during the period of the visa approved for his category, for example, if your visa is a tourist visa, you will have the right of residence. period that the visa allows.
This happens because the purchase of a home in the United States is open to foreigners who have the purpose of investment or a vacation home.
Does buying a property in the U.S. entitle you to a Green Card?
The U.S. state verifies several factors before granting a Green Card to an immigrant. Buying a property in the U.S. is not a relevant enough condition to demonstrate that you have the qualifications to apply for a permanent residency visa.
How does the mortgage work in the U.S.?
WHAT IS A MORTGAGE?
It is a type of loan that is not as common as in other countries, in this category of loan the collateral is the house itself.
The property does not belong to the bank, but to the buyer. If the buyer cannot pay the financing installments, the bank has the right to take over the property.
BENEFITS OF A MORTGAGE
In 2008, it was the time when one of the biggest economic crises in the world, "The bursting of the housing bubble", occurred, when the U.S. government created tax incentives to facilitate access to housing.
With increased access, many people began to apply for a mortgage, after all owning a home is the American dream.
After many applications were approved, due to the government stimulus, there was a high default rate, which also hurt many banks and financial market players.
Although the housing bubble burst in 2008, investing in a home in the United States can be a good investment for some foreigners. Some of the main benefits are:
- U.S. banks usually finance around 70% of the property for legal immigrants.
- There is also the possibility of refinancing the payment.
- Opportunity to use the mortgage as a line of credit for other loans.
- Simplicity in payment methods, as the total amount of the bank loan can be divided.
- No requirement to transfer ownership of the property into the bank's name.
Buying a home in the United States is an option to consider, especially if you are a foreigner. Look for a professional and reliable broker to evaluate your alternatives, depending on your main objective.