Nowadays, more and more investment homebuyers are buying houses in the United States, so do you know how to choose a suitable house in the United States? The real estate market in the United States is different from that in my country. When choosing a house, we should make a selection based on the local market environment and regional culture. The editor below will introduce some tips for investors to buy a house in the United States. Let’s learn about it together!

1. Look at the location

There are difficulties in the short term but opportunities in the medium and long term. U.S. real estate investment requires long-term planning. No matter how cheap real estate is in remote areas, don’t touch it!

It is easy to say that it depends on the location, but many people suffer from being deceived. I often get excited when I see a beautiful house. There is a famous saying in the American real estate market: Location! Location! Location! It means location, location, location! Whether it is investment or self-occupation, if it is a residence, it is a villa in a good school district, a villa in a business district, or an apartment.

A good school district refers to a good elementary school to a high school. Most home buyers buy villas in good school districts with public schools. The good school districts that Chinese people like to live in are mainly East Los Angeles such as Arcadia and Pasadena in Los Angeles. These cities with good school districts that Chinese people like to live in are also the newly developed cities in Irvine in the south. The Bay Area in San Francisco, Bellevue in Seattle, and some private schools west of Boston are all very expensive, often costing $1 million. For families with a small budget, Johns Greek, Duluth, Alpharetta, and Suwanee north of Atlanta are still very expensive. A good choice, you can buy top-notch educational real estate for only $350,000.

American luxury homes are mainly concentrated in Beverly Hills, Malibu, the San Francisco Bay Area, Manhattan, Miami Beach, Palm Beach, etc. These are the places where most Chinese like to buy luxury homes.

2. Look at the property itself

The quality of the property mainly depends on its orientation. Some people also like to face water, as water is the source of wealth. The interior design is scientific and comfortable for people to live in. It is best if the house is young or has been fully updated.

But sometimes don’t pursue perfection too much, otherwise you won’t be able to buy a good house. You also need to know how to compromise when buying a house. If 85% or 90% of the time it is good, it is definitely worth selling. There is no absolutely 100% good house, it is only relative. If the price is right, the location is good, the school district meets the requirements, and the house is in better condition, it's already pretty good. Otherwise, it may take half a year. By this time the property has appreciated in value. Regret theory fits the bill.

3. Look at the surrounding environment

We like to be close to mountains and water, and have a good community. Some people like closed communities, which are safer. Such communities are generally high-end communities with higher prices. Recreational facilities are also very important, and some include dog parks, tennis courts, swimming pools, golf, and various associations, such as football. Convenient shopping is also important, including daily necessities, food, drink, clothing, restaurants, shopping malls, etc. Many people don't speak English well and like to be close to Chinese restaurants and Chinese supermarkets. Some people also like to have businesses around them, making it easy to find jobs and convenient to go to work. In terms of finding a job, finance is in Manhattan on Wall Street, electronics, software, etc. are in San Jose in the San Francisco Bay Area, entertainment is in Los Angeles, and other very miscellaneous jobs are more suitable in Atlanta. Atlanta has 442 Fortune 500 companies, Coca-Cola Company headquarters, Huawei , ZTE are all in Atlanta, and there are many companies and jobs are easy to find. They are generally in the north, and the south is the black area, 50 miles apart. Black and white are clearly distinguishable, and they are far apart.

4. Look at historical selling prices

Some Americans bought a house for 800,000 yuan three years ago. Now they have slightly renovated it and bid 4 million. Don’t assume that the homeowner’s listing price is similar to the real value.

China and the United States have different habits. Americans treat negotiation as a game. Bargaining is just the beginning of negotiations. We Chinese people immediately became angry when they offered a high price, and the consequences were serious - we left immediately. For Americans, they can offer a high price, and you can also repay the lowest price. If they offer 4 million, you can repay 400,000.

In "Absolute Deal" written by an American, it is said that negotiation must be treated as a game and do not involve emotions, otherwise you will definitely suffer losses. They bid a high price, and if someone accepts it or buys around the price, he makes a lot of money. If he doesn't accept it, he will make a big concession, just like the last set, someone bought it for 2 million and thought it was a big bargain. In fact, there are only wrong buys, not wrong sells. Therefore, if you generally buy something with a high price, you should be careful.

5. Look at the overall situation of U.S. real estate

The highest peak of U.S. housing prices in recent years was in 2007. After the subprime mortgage crisis, housing prices slowly declined until July and August 2012. bottom, then slowly rises. It rose by 6% last year, is expected to rise by 6% in 2013, and is expected to rise by 11% in 2014. Therefore, the house price in 2007 was 1 million, and now it is sold for 1 million. It is definitely not cost-effective. It should be more than 700,000.

6. Don’t buy a house that does not require commission

Many domestic agents say they do not require commission. In fact, they are agents for either newly opened houses or they have already bought the house. , and then sell it to domestic customers at a higher price. This markup far exceeds the commission. So be sure to choose a company with open and transparent housing prices.

Finally, I would like to remind everyone that when visiting the United States, it is best to bring: a valid passport and visa, and prepare proof of funds for purchasing a house (certificate of deposit in Chinese and English versions of a domestic bank). If you like it, you can make a deal on the spot. , instead of returning to China to get information and lose the offer opportunity.

The above are some tips for buying real estate in the United States. I hope it will be helpful to all investors and buyers to choose a property of your choice.

(The above answer was published on 2015-10-23, please refer to the actual relevant current home purchase policies)

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