After immigrating to the United States, how can you determine if a property's price is reasonable when purchasing a home? WorldWay U.S. immigration experts introduce some factors to consider when evaluating U.S. property prices.
1. First, look at the selling prices of surrounding properties, such as the transaction prices over the past three months.(You need to distinguish between normal sales and bank foreclosures).
2. Typically, bank foreclosure prices are about 10%-30% lower than normal sales.10%-30%.
3. Housing prices were at their peak in 2005. If the current asking price is at the 2005 level, you had better not buy it.
4. Where is it good to buy a house? Any area with a good school district is generally quite safe. It is especially important to understand which schools the house you are buying belongs to, otherwise it will be very troublesome for your children to attend school in the future.
5. Currently, many wealthy people live in the top school districts in Los Angeles, USA, and housing prices generally start at 100 million USD.
6. If it is not a top-tier district, but belongs to a B-grade or higher school district, the price of a single-family home should start at 60 million USD (single-family villa with a garage). For non-single-family homes, the price is also above 40 million USD. This type of house may be a townhouse, but it comes with a double garage.
7. Generally speaking, you get what you pay for with U.S. homes. They are usually not randomly priced and are based on a market price standard. If you bargain excessively, the other party will ignore you.
8. Cheap U.S. houses are commonly known as mobile homes, which some U.S. retirees live in (some Chinese people also buy these types of houses).
9. There are also cheap apartments, which are like the high-rise buildings in China, but good locations (e.g., multi-story apartments by the sea with complete facilities) are not cheap either; expensive ones cost over a million USD, while cheaper ones cost 20-30 million USD.
