Buying a house is more cost-effective than renting. After immigrating to the United States, you will find that housing prices are not very high, but rent and utility costs can be quite expensive, which is why most people prefer to buy a house. Additionally, purchasing a home can exempt you from personal income tax, and there are many laws and policies at the federal, state, and local levels that encourage home buying, offering various benefits such as tax exemptions and low-interest loans.
Contracts can be canceled within 45 days. Those looking to buy a house in the United States can contact real estate agents through investment immigration companies or search online for all information regarding their selected properties, then pay the corresponding deposit to secure the property within a certain timeframe. If purchasing with cash, the process will be even simpler. If everything goes smoothly, the contract becomes effective after 45 days. During this period, the buyer can hire a specialized company to inspect the quality of the house, and if any quality issues are found, they can unilaterally terminate the contract. Even after signing and making payment, the buyer can cancel the purchase at any time within 45 days.
Trees outside the yard cannot be cut down. Most houses in the United States have wooden structures that meet seismic standards of level 8, while bricks used for waterproofing and insulation are only for exterior decoration. After purchasing the land, the buyer can cut down trees to build a house with government approval, but they can only cut or trim trees that are within their own property boundaries; trees outside the yard are considered national property and cannot be disturbed.
Ownership and occupancy rights are different. In the United States, buying a house can mean purchasing ownership or occupancy rights. Properties with ownership can be freely bought, sold, and rented by the owner, while properties with occupancy rights have only a limited ownership period of a few years, and rental or sale must go through the property management committee, with prices being significantly lower than those of properties with full ownership.
Buying a house is not linked to U.S. investment immigration. In the United States, property management and immigration mechanisms are separate. Although applying for EB-5 investment immigration does not conflict with purchasing property in the United States, funds used for personal property purchases cannot be counted as investment funds for EB-5 immigration. Foreigners can invest in real estate in the United States, but cannot obtain U.S. citizenship through this means. However, applicants for a green card can buy a house.
New immigrants need a job to secure a loan. New homes in the United States are significantly more expensive than second-hand homes. If you find a new house you like, it is advisable to purchase it before it is completed; otherwise, the price will increase once the house is finished. Without a job, you will lack credit and thus be unable to secure a loan. However, as long as you have a job, a stable income, a payroll record, and no negative credit history, you can easily obtain a loan from the bank.