Real Estate has mainly evolved since 2011. The world has always been interested by the United States and especially by New York City.
But what does real estate exactly mean?
Different towns in the USA are like NYC. They have tri-state specificity. The NY tri-states are:
- New York,
- New Jersey
There is also specificity about apartment characteristics in the main American cities. You can buy or rent 3 types of different apartments or house:
Your choice will make your life easier or not while your taxes will be increased or decreased.
In each area, for each type of apartment, you will be face different legal and tax requirements. For example, if you choose to buy a coop, you will not pay anything if something must be repair in your flat or in the building you live in. Everything is included in your monthly charges. That means that charges are higher for coops than for condominium.
If something is wrong inside a condominium, the property owner pays the entire invoice, if it is in the building and outside an apartment, only adjoining apartment property owners will pay. In that case, charges are less high but you must save money just in case.
But generally speaking, we consider that the best option to buy real estate in the U.S. if you are not American is a condominium because requirements for purchase on this type of property are more flexible.
Only 10% is due at contract signing, and the balance is due at closing. In order to make your purchase, you will also need to line up reference letters from people such as your employer and personal friends, which will be be included in the paperwork. Establishing relationships in the, including with a Lender, is most important. If you would like us to refer you to a, we would be happy to do so.
Additionally, real estate and may differ from those to which you are accustomed, so consulting with a United State Real Estate might also be a good first step.
included in the paperwork.
Establishing banking relationships in the US, including with a Mortgage Lender, is most important. If you would like us to refer you to a professional, we would be happy to do so.
Additionally, real estate practices and procedures may differ from those to which you are accustomed, so consulting with a United State Real Estate Attorney might also be a good first step.