Step 4: House selection and viewing Once you find a real estate agent and get a loan pre-approval letter, you can go look at properties. Communicating with the agent about the large demand for home purchases and screening suitable properties can save both parties time. If it is your first time to buy a house or invest in real estate in the United States, be sure to read more and compare more. After seeing many houses, you can "shop around" and choose the house that suits you best. When viewing a house, you should also listen to the professional advice of the agent and not blindly pursue your first impression of the house and the superficial features of the house. If you need to search for housing, you can use the "Meifangbang" WeChat applet. The agent will also help the buyer make a decision at this stage. Next, a Pre-Approval Letter (also called a loan pre-approval letter) will need to be issued to prove the buyer's credit limit and loan ability. The buyer can apply for it from the bank where the deposit is made, but in the end it does not need to be obtained from this bank. loan. This document is needed when the buyer makes an offer to the seller. If the Pre-Approval Letter from the bank is not obtained for the time being, it will not affect the subsequent house selection and viewing. Step 5: Negotiate price When you see a house you like, it’s natural to discuss the price. Before negotiating the price, please prepare the Pre-Approval letter in the third step of the process. You need to bring this letter to the seller when you make an offer. At the same time, you need to know more about the current market price of this house. This information includes: to check the sales prices of other houses in the same community in the recent period, you can ask your real estate agent to check this professional information; if your real estate broker is very experienced, he can provide you with the most correct price judgment. Ask your broker, "Is this price appropriate?"
But it must be noted that whether the price can be negotiated, it is completely It depends on many factors such as market conditions at the time, the time of purchase, and whether the seller is eager to sell. Step 6: Sign the housing transaction contract If the buyer and seller agree on the price, then they need to set a time to sign the housing transaction contract. The housing transaction contract is a formal document with legal effect. It is a formatted contract that is very complete and fully takes into account the interests of both the buyer and the seller. The contract contains a large amount of Information, such as the price of the house, how the buyer will pay, when the house will finally be transferred, and so on. When signing a house transaction contract, the buyer needs to pay two fees: 1) Earnest Money deposit for house purchase, which is generally about 3% of the house price, which is equivalent to the deposit for house purchase. This money will become your home purchase deposit during the final step of the transfer. part of the payment. Note that this money can be refunded within a certain period of time after signing the housing transaction contract, which depends on the specific time in the contract; 2) Option Fee: about a few hundred dollars, depending on the specific situation. Step 7: Home Inspection House inspection, also known as inspection, is a necessary procedure after the house transaction contract and before the house transfer procedure. You need to hire a third-party house inspection agency to check the quality of the house. The cost is about a few hundred yuan, depending on the size of the house. You can ask your real estate agent to recommend a reliable home inspector. If major problems are discovered during the house inspection, naturally you will not be able to purchase.
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