Buying property: the order of transactions in the U.S.

19.04.2011 00:00
Articles about real estate | Buying property: the order of transactions in the U.S. USA Today is one of the most loyal of countries to foreign investors. Buying property here is quite possible for foreigners.

Like any other purchase, the purchase of real estate in the United States begins with the selection of an acceptable option for you. Today, in an age of information technology, it is not difficult. Many agencies have their U.S. real estate Web site with a catalog of objects for sale. At the same time and in Russia there are companies working with foreign real estate and ready to help with the purchase of American home or apartment.

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It should be noted that buy real estate in this country can not even coming into it, using the so-called form of remote shopping. In this case, your interest in the purchase will be a broker, an employee of a real estate company of your choice. Since the broker is a contract for search and selection of real estate on the stated criteria. Necessary before entering into a contract to make sure that you are dealing with a licensed professional, not a fraud.

Once the option is selected, will execute the transaction, on average, it takes from 1 to 1.5 months. In this period also included the date when the contract price and the harmonization of all the nuances with the seller. Agreement on price is the types of documents, and it reflects not only the price offered for real estate but also the rights and obligations of the parties. A seller, in turn, either accepts the transaction price or not.

If the other party fully staged conditions, the next step will be to direct a contract of sale, Real Estate Purchase contract. In addition to the buyer, seller and realtor, at this stage of processing is present title company that holds legal control procedures. At this stage, also paid a deposit of up to 5% of the purchase price.

Document ownership or deed after the buyer receives the full value of receipts of payment or confirmation of the issuance of mortgage credit. Although in some states, there is an exception, and the deed must be registered in the district court, in which certified the document. But this procedure is not necessary in all states.
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