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Most often asked questions and answers:
Who can be the owner of the real estate in the USA?
The real estate in the USA can be got both on private, and on the legal body. Foreign citizens and the companies registered in other countries, can get the inhabited and commercial real estate without any restrictions. The possession right is reliably protected by the law. Means received after real estate sale can be translated into the bank account of the owner in any country of the world.
What forms of registration the real estate in the property exist?
For confidentiality of purchase, convenience of transfer of the real estate by right of succession or for other reasons available for buyers, property registration on private or the legal body is possible. Depending on individual situations it can be: the company with limited liability - USA LLC (Limited Liability Company), a confidential trust – Realty-usa, corporation - USA Corporation and others. We render a full complex of services in creation, registration of any legal bodies and to creation of confidential trusts in the USA.
How the property right to the real estate makes sure?
Real estate any kind should be registered in the real estate register (property public records) administrative district (county) on the real estate location. From this register it is possible to receive the full information on the one who is the owner of the real estate, acquisition date, the price of purchase, the exact area, and also about presence of possible debts of the owner. Addressed to the owner the official document guaranteeing a just cause of the property - Warranty Deed to which unique number of registration is assigned is made out.
What scheme of purchase of the real estate to the USA and its registrations in the property?
Legal aspects of the transaction
The conclusion of the Contract of purchase-sale – the important legal procedure. In most cases, at purchase-sale of the inhabited real estate, we share forms of contracts developed and confirmed by associations of realtors and lawyers of the USA. At will, we will render services of the professional lawyers having a considerable operational experience in sphere of the elite real estate which will competently make the contract text, observing your interests. Irrespective of the contract form, we will include in it all necessary points, we will define the rights and duties of the parties, and also an order of their execution. Our experts know all professional subtleties in the decision of legal issues connected with real estate acquisition in the USA.
Hypothecary crediting
We will help you to receive purchase financing even if you have only a tourist visa and you have no constant residence in the USA. The list of the documents necessary for registration of the credit, will be presented you after preliminary consultation of our financial experts. For registration and reception of the credit to you not necessarily personally to be in the USA. We will prepare all necessary documents and we will send them to you, together with detailed instructions for signing, in any point of the world.
Transaction end
All process of acquisition of the real estate usually occupies from one about two months. Real estate registrations in the property it is carried out through specialised agency - Title Company. It is the company supervises all transaction, checks documents, stores deposits and after entering by the buyer of the full sum of money, hands over to the buyer documents on property right transfers, and also an insurance policy on a title on the real estate (title insurance). You enter the property rights after full payment of the real estate bought by you (taking into account the hypothecary credit) and all expenses connected with given acquisition. It occurs during legal procedure - closing.
As a rule, for reception of the hypothecary credit the foreign buyer-borrower needs to pay 20-30 % from a total cost of the real estate. The remained sum (70-80 %) is financed on the security of the got real estate by the American banks or the financial companies. There is a set of hypothecary programs differing on terms, a kind and a way to credit repayment, an interest rate kind and so forth
What documents are necessary for reception of hypothecary crediting in the USA?
In most cases, procedure of reception of the credit is not difficult. For example, for registration of the credit to the citizen of Russia there will be enough passport for travel abroad and visas. Depending on a kind of the hypothecary program and the size of the credit, banks additional documents can be requested. Experts in financing will help you at all stages of registration of the credit since a filing of application on the credit, preparations of necessary documents and finishing signing of credit documents without necessity of arrival to the USA.
What additional expenses exist at real estate purchase?
At real estate acquisition in the USA, the buyer pays a part of obligatory expenses for real estate registration in the property (closing cost). These expenses usually make from 1.0 % from a total cost of the real estate (depending on a kind of the real estate, administrative district where it is located, financing attraction and so forth). These expenses include payment into various state instances on property registration, a payment for definition of legal cleanliness of the transaction, service of lawyers, the insurance and so forth
What size of the tax to the real estate and when it to be paid?
The size of the tax to the real estate in various administrative districts can differ and is on the average equal 1.5-2.5 % a year. Base of this tax is so-called assessed value – special estimated cost established the professional appraiser on the instructions of local administration. This value can be below real market cost of the real estate since the given estimation is spent not often. The tax is paid once a year (till April, 1st of next year) and the tax sum to become is known on November, 1st each year.
What expenses under the real estate maintenance?
In some inhabited complexes there are obligatory monthly expenses under the real estate maintenance. In houses-kondominiumah it maintenance fees, and in club settlements - homeowners association fees. Expenses on real estate service include besides set of payments for maintenances of an inhabited complex also the insurance, payments for using services: a parking, pool, protection, a territory accomplishment and so forth
What is usually included in habitation cost (apartments, at home, taunhausa)?
Habitation cost pays off on floor space metric area. Into cost usually enters: the fully completed kitchen (the furniture, the built in home appliances); bathing and toilet rooms equipped santehnikoj and accessories from leading manufacturers; a central air and heating; a balcony, a verandah or a terrace; garage or a parking on 1-2 cars.
Whether there are possibilities on taxation optimisation?
The tax laws of Florida connected with the real estate and the USA are numerous and difficult. At correct registration the real estate in the property, competent conducting the account of incomes and expenses connected with the real estate, there are legal variants of optimisation of taxes. At will, Realty-USA renders services of lawyers, bookkeepers and auditors which can help to avoid to you errors in the taxation. |
