2024-01-03 16:29:36
5 steps for those who want to buy property in the USA
According to data from the Central Bank, the sum of the value of Brazilian assets abroad was US$558.387 billion in 2020, an increase of US$29.166 billion compared to 2019. One of the reasons behind these numbers is associated with investors, who believe that investing outside the country is something positive and tends to generate greater diversity in the investment portfolio. Purchasing property in the USA is a good way to diversify your assets.
Real estate consultant gives tips for Brazilians who plan to invest abroad, buying property in the USA
From these data, it is recognized that the real estate sector is one of the paths for those who wish to invest and one of those responsible for this value in the sum of assets abroad. For Brazilians, the American real estate market, especially in Florida, has proven to be a great opportunity.
Given this, Daniel Ickowicz, sales director at Elite International Realty (a real estate consultancy that has been operating in Florida for over 30 years), indicates 5 important steps for anyone looking to buy a property in the United States.
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Define how much you are willing to spend:
The first step to purchasing a property in the USA is to consider how much you intend to invest. Nowadays, it is possible to buy a property in Florida, for example, for US$200,000. Furthermore, other amounts that need to be included in the account are documentation costs.
Separate the documentation:
For those who intend to purchase a property in the USA using real estate credit (financing), it is necessary to have a passport with a valid visa and a document proving income (Income Tax declaration, bank statement or applications). It is important to evaluate whether the property will be purchased by an individual or legal entity, as both have their advantages.
Know the process:
Once you have defined how much you want to spend and have your documentation up to date, the next step is to find a US real estate agent. According to Ickowicz, “it is recommended that the purchase be made through a broker, as this is a high capital investment in a place with a different culture”. According to the consultant, “a trusted professional can better direct and even present qualified professionals in legal, tax and financial areas”.
Open an account in the USA and transfer amounts:
To purchase property in the United States, it is recommended to have an account in the country. A copy of the passport is required to open the account. Depending on the financial institution, a minimum deposit of US$100 will need to be made. The broker chosen for the purchase process will be able to assist you in this stage. With the bank account open, it is possible to transfer the funds to purchase the property. Remembering that this transaction must follow the rules of the Central Bank of Brazil (BC).
Method of paying for property in the USA
Choosing the payment method: following following the documentation steps and choosing a broker, it is time to think regarding how to pay for the property. There are two possible formats: cash or via real estate financing. By informing the broker in advance regarding the payment method, he will be able to assist with the bureaucratic part of presenting documents to financial institutions. It is worth remembering that not all properties are suitable for financing.
These are some essential tips for those who dream of buying a property in the United States. Whether to live or invest, the US real estate market has presented good possibilities.
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