Real estate taxes abroad. USA.

Throughout the United States, property is allowed to own foreign citizens. The ban exists only in Oklahom, where foreigners are prohibited from buying land at auction, but at the same time they retain the right to buy apartments in residential areas. In order to obtain the permission of the American authorities to buy real estate, you should take the relevant steps prescribed by the US legislation in the field of sale/sale of real estate. As in many countries of the world, first of all, a foreign citizen undertakes to open an account with an American bank, while if the purchase is made with conditions for a loan, the buyer must be present under this procedure. If the purchase of housing is carried out without taking borrowed funds, then the buyer does not need to open an account with an American bank. A feature of the American market is a wide network of real estate agents, with the help of which an agreement is concluded. After the first stage, the following comes – the negotiation, during which the parties sign an agreement on intentions to buy/sell property. A preliminary deposit about the side of the buyer is 1-5% of the total purchase price. In this case, the amount is returned to the buyer, if the contract is not continued. The buyer has the right to conduct an examination of this home within 17 days, the results of such a professional study can significantly affect the price of the final contract. At the third stage, a special account opens – Escrow and a final agreement is drawn up between the parties, which must be certified by the bank and notary public. Ownership is confirmed by the relevant document, which is issued to the buyer. In general, it should be noted that the buyer’s costs vary from 1.05% to 2.20%, (1,500 to $ 300) from the total real estate amount. At the same time, depending on the current situation, the seller’s costs are from 6.51% to 9%.Considering the American real estate market in more detail, we can cite the situation in Miami as an example, one of the most popular geographical areas for the purchase of housing. So, the amount that the buyer will lay out for the Townhaus with an area of ​​153 m. sq, will be 99 thousand. Dol. If there is a parking space or additional amenities, the price of apartments increases by about 3-4%.