Q: Why do you want to buy a house investment in New York?
A: There are many reasons for buying a house in New York. Some buyers are for children to study or work, some for immigration, and some for diversifying assets and investment risks. Regardless of the reason, New York City is the real estate market that people around the world are paying attention to and buying. The fluctuations in house prices are also the lowest, and the average occupancy rate is only about 1.5%. So whether it's for people who are worried about buying or renting, or for buyers who are considering investing in investment, New York's real estate should be one of the first choices.
Q: Why do you want to buy a house?
A: New York properties are very sensitive to location, often separated by a street. And there are so many new homes in New York, and really good listings will only be known to the most professional brokers. At the same time, in many cases, the seller and the seller's agent are actually not obliged to tell you, for example, whether the building has additional repair costs, whether there are other buildings around the building, and which rooms in the new building are most suitable for investment.
These are the only buyers brokers who will tell you. Finally, when buying a house in New York, the buyer does not need to pay an additional agency fee. Since the seller has already set the amount of the agency fee very early, even if the buyer does not have a broker, the seller still has to pay the same fee.
Q: Can overseas people borrow money?
A: Yes, overseas people can borrow up to about 65%, and the interest rate will be about 0.25%-0.5% higher than the local bank. For many people, loans are a great option. And if you want to use the rent to raise a house, you need to bring about 65% to support the cost of the house.
Q: How long does it take to get a loan when I buy a house in New York?
A: It usually takes 20-30 days for a house to buy a house in New York. Therefore, before buying a house, you will first recommend a pre-approval loan pre-approval letter, and start the loan process immediately after signing the contract.
Q: What is Mortgage Contingency for loan disclaimer?
A: If you buy a house in the US, if there is mortgage contingency, if the bank refuses to lend, the buyer has the right to get the deposit paid when signing the contract (10% of the price). Conversely, if there is no loan exemption, the buyer has no right to get back the 10% deposit, and the seller has the right to refuse the refund. This is very important for buyers who need loans, because there are many reasons why banks refuse to lend. The biggest problem is that the buyer's work has changed, such as leaving the company.
Q: What is the tax reduction?
A: Tax reduction is a way for New York City to stimulate developers to build more government subsidized housing. This program encourages developers to cover about 20% of government subsidized housing in their projects or elsewhere for 5-20 years. Unequal land tax reduction policy. This offer is followed by the house. In other words, when the transfer is made, the offer will be transferred to the buyer (homeowner), which will greatly reduce the cost of holding the house.
Q: Will the government subsidy house with tax reduction affect me?
A: Overall, it won't be because many buildings in New York City have 20% government subsidized houses, and the surrounding areas are mixed, so the value of the building residents and buildings will not be hit. On the contrary, the house with tax reduction has higher the return on investment, so the price is generally higher than the house without tax reduction.
Q: How is the tax reduction calculated?
A: Generally speaking, if it is a 15-year discount, the land tax of the owner for the first 10 years will be almost zero. This does not mean that the monthly fee is $0, but that the discount amount is close to 100%, and it is likely to be $15-60 per month. In the last five years, it will grow by 20% – 40% – 60% – 80% – 100%.
*** It should be noted that the annual valuation of local taxes will continue to grow, which means that the current local tax credits do not represent the future amount of local taxes. The local tax can only be higher, it is impossible to be lower, and this is the reason why many buildings have depreciated after 15 years, because many buyers do not take the tax before the tax reduction and only pursue this preferential policy. ***
Q: Will overseas people buy an house with additional taxes?
A: We very much welcome overseas people to come to New York to buy a house. There is no extra fee or tax when buying a house. However, overseas people have the problem of inheritance tax in the future, so when buying a house, I would recommend setting up a company through an accountant to avoid the inheritance tax of foreigners. This practice is very mature and completely legal, so don't worry. (This is the same thing as Clinton and Bill Gates set up funds to hold assets)
Q: How do you pick a place to buy in New York? Where is Manhattan, Queens, and Brooklyn better?
A: Buying a house in New York mainly depends on demand. Many times, it is for work or school. Usually, the demand and buyers in the vicinity are very strong, so buying a house near it will be the first choice. But the price is very realistic, so if you want to go second, I would recommend finding a convenient place for the subway. New York's summer and winter are extremely extreme, so it's better to consider a 25-minute subway ride with a 20-minute walk. In addition, the houses in these locations are relatively new, and the facilities in the building are usually more luxurious. Because of this, these houses in Queens and Brooklyn are also very attractive.
For buyers who want to know more about the introductions in various regions of New York, please click to read the link.
Q: What are the advantages of buying a house in Manhattan?
A: Buying a house in Manhattan is generally safer. Looking at the price of this New York City, Manhattan's house price is the most stable. When global housing prices fell, Manhattan's decline was the smallest, but when house prices rebounded, Manhattan's house prices rebounded at the fastest rate and intensity. For buyers who want to diversify risk and allocate assets, Manhattan is a good egg yolk area to consider.
Q: What is the most common problem for customers to buy a new house? What do buyers need to pay attention to?
A: New homes are the easiest to encounter when buying a home in New York, because of the quality of New York developers and buildings. Because the construction efficiency of the United States is very low, many times, New York will face a delay in the delivery of new homes. So buyers need to prepare more time, otherwise the time will be too tight, there will be no place to live. Also, because New York real estate is not very high on the quality and technical requirements of workers, there will be many problems with construction and construction in New York's new houses. These include paints and walls, and the carpentry's lack of detail (like asymmetry) and even windows are likely to cause problems in new home transactions. The most common thing I have is that the work is rough and unacceptable. This is also the place where I most often argue with developers when they are handing over the house. Buyers need to pay attention to the details when buying a new home in New York, and understand the time of the entire process and strive to be the buyer's rights.
Q: Should parents should buy American real estate with their children?
A: This problem is more complicated because everyone considers different factors when buying a house. Simply put, there are several conditions to consider:
Q: There are a lot of agents in New York. Why use Jerry Wang's services?
A: I know a lot about New York real estate, and the service is very comprehensive. For those who want housing needs, buy a house investment or need a professional eye to judge the most appreciation space. For many brokers, fast selling of the property is the most important, but it is more important for the buyer to provide the best choices, such as work aspects, school, and investment considerations, sometimes as conditions When I am not mature, I would suggest that I would rather not abuse it. I would rather rent a house than buy it.
We provide services that not only buy and sell real estate, but also include property management and rental services. For overseas buyers, the most fearful thing is that they are always plagued by tenants who rent them, so this one-stop service is very crucial.
Parents or friends can provide housing funds. This type of funds will not have a gift tax if the donor is not a green card holder or a US citizen.
New York real estate can choose various types of cutting when buying a house. This is mainly decided when the house is delivered. Depending on the form of cutting, when the property owner dies, the property rights will have different transfer methods.
When you sell a house in New York, everyone needs to sign it.
When buying a house in the United States, parents and their children will not have any additional costs.