Overseas property purchase
We cooperate with local real estate companies in North America.
专业配套服务团队全流程服务
Full legal assistance
Advantages of buying a house in North America
| China | ||
| Beijing | / | 1.7% |
| Shanghai | / | 1.8% |
| Guangzhou | Guangdong | 1.8% |
| Shenzhen | Guangdong | 1.5% |
| USA | ||
| Los Angeles | California | 5.3% |
| Seattle | Washington | 4.2% |
| San Francisco | California | 3.9% |
| Manhattan | New York | 3.36% |
Comparison of property tax rates
in some states of the United States
| state | Property tax rate |
| New Jersey | 1.7% |
| Illinois | 1.8% |
| New Hampshire | 1.8% |
| Connecticut | 1.5% |
| Fairmont | 1.5% |
| Wisconsin | 5.3% |
| Texas | 3.9% |
| Nebraska | 3.36% |
| New York | 3.36% |
| Rhode Island | 3.36% |
| California(hot) | 3.36% |
| Washington(hot) | 3.36% |
| National average | 1.07% |
Cross-border assets
The funds needed to purchase a house need to be remitted to a U.S. bank account, so it is best for the buyer to open a U.S. bank account in advance. Remittances made in the name of an individual are subject to strict foreign exchange controls and cannot be remitted all at once. They need to be made in batches, and the handling fee is high.
Rental housing management
Clients can entrust brokers or leasing companies to manage the property. The management fee is generally 5%-8% of the rent. A good broker can choose tenants with better conditions and reduce the trouble of bad tenants in the future. If there is a legal dispute, you need to hire a lawyer or a professional company to evict the tenant.
Taxation
When you sell a property in the United States and make a profit, you need to pay two income taxes: federal tax and state tax. The federal tax is generally no more than 20%, and the state tax is determined by the state laws and tax rates of each state. Taking California as an example, the federal tax and state tax together are about 25%, and this tax is usually handled by an escrow company. When investing in real estate in the United States, in addition to finding a good intermediary or management company for yourself, you also need to find a reliable accountant to check the tax declaration and payment for you to avoid trouble.
