How to purchase

Learn how to purchase your property in the United States

Real estate purchase by Brazilians

There is no impediment in US law for the purchase of real estate by foreigners, either for
living or as an investment. In fact, some US banks and lenders specialize in dealing with
Brazilians, due to their numerous deals.

The acquisition of real estate by foreigners as an investment is very large, but there are
those who also buy real estate to live with their family, due to the excellent quality of life
that the country offers.


There are several types of properties available, such as: :


* Houses (single family home);
* Townhouse: sort of semi-detached house where 6 units are attached to each other;
* Duplex: 2 attached houses;
* Condominium or apartment;
* Lands;
* Commercial space;
* Industrial spaces

Important Steps for Buying a Property: By Present Buyers

1. Open a bank account

Opening a US bank account only requires a copy of your passport and visa
and a minimum of $ 25.00 to open.

2. Define property purpose

* property for vacation rental
* vacation property for family and friends

3. Define the form of payment - cash or financed

If it's going to be cash, the money must already be in the United States bank
account to facilitate the purchase. In many cash transactions, the seller wants to see
proof that the buyer has all the money to pay. Opting for the financed payment of the
property, at the time an offer is made, a Pre-Approval letter issued by the financing
bank must be sent along. This letter represents that some of the buyer's documents
have already been evaluated and pre-approved. Therefore, for the financed
properties, the sooner the documents are submitted for evaluation and approval by
the financing bank, the better and more practical is the acquisition of the property.

4. Property Search

The time taken to find the desired property varies according to the purpose of the
property and the buyer's profile. However, the client visits an average of 3 to 5
properties in a day, which are pre-selected by the buyer.

5. Offer

After finding the desired property, we send an offer to the seller. And, the value of
this offer will be based on the value of the latest properties sold in the same
region and with the same profile. From then on, we await the seller's acceptance
of the offer or counter offer. There is also the possibility of denial of the offer or
request for revaluation of the offer, since there are already several other offers in
the same property done by other brokers.

6. Acceptance of the offer

When the offer is accepted, we have to make an initial deposit in good faith. This
deposit is in the range of $1,000 to $10,000 which is deposited in a Title
Company account responsible for the entire transaction. The Title Company will
be responsible for all bureaucratic transfer of title, deed, registration, etc.

7. Inspection

* property for long term lease
* commercial property
* open a business

It is the final step of the purchase, the inspection of the property, which will be done
by a specialized company, hired by the buyer, who will check the condition of the
property before the purchase. The inspection observes details such as: infiltration,
paint conditions, air conditioner operation, and all other appliances; pool, heater,
piping, etc. Upon inspection the buyer receives a detailed report with all that has
been seen and found with its appropriate recommendations. The value of the
inspection and the time vary depending on the size of the property and the
inspection cost is always the buyer's.

8. Closing

On the closing date, the value of the property must be in the title company's account,
as well as all documents signed by both parties. Closing costs will range from 2% to
5% of the property value. These costs are split between the buyer and seller or as
pre-established in the contract. Closing for cash paid properties can be up to 15
days. For financed properties, closing is at least 40 to 60 days.


For pre-construction purchase:

When the property is chosen while in construction, there is not much negotiation with
the builder. In this case, there is no need for an inspection as it is a new home and
the builder insures the appliances for a time set after the closing.
On the closing day, there is a walk through in the property to check that everything
that has been seen and arranged before is in agreement to have the closing.
The entire purchase process can be done with the buyer in another country without
having to be present in the United States. Signing documents electronically, sending
money is all supported by one of our consultants from start to finish.