Real estate in New York: availability, prices, terms of purchase

Real estate in New York: availability, prices, terms of purchase

In our time, the acquisition of any type of real estate in other countries is it is not only a way to pay tribute to the powerful trend of all modern trends, but also a very profitable investment. We can say even more — sometimes the purchase of comfortable, spacious and large real estate abroad costs less than the purchase of less attractive housing in the domestic real estate markets.

The geographical choice of acquiring real estate abroad is determined not only by the personal sympathies and preferences of the investor, but also by financial capabilities. People who lust about buying property abroad, but with relatively average incomes, are limited to buying in Bulgaria, where prices, even for large plots of land, vary within reasonable limits.

Real estate in New York: availability, prices, terms of purchase

The buyer, who does not limit himself financially, is a more demanding client. Acquisitions are very popular in Cyprus, in the picturesque regions of Italy and Switzerland, experienced people who want to hide from prying eyes, in general, resort to buying small islands, especially this characteristic trend can be traced in the Caribbean.

However, really gourmets of this complex area prefer to acquire real estate in the United States. One of the most popular destinations "land of opportunity" is the largest metropolis in the world — New York.

So, if you intend to purchase an apartment in New York, you first need to find out the legal basis for such a purchase. In this matter, everything is quite simple — American law does not put any obstacles to the purchase of real estate by foreigners — this applies not only to residential, but also to a wide variety of commercial real estate. In addition, one important step, of course, is to find a reliable and honest real estate agent who will help you in your potential home buying transaction from start to finish.

After that, you are ready to enter the modern New York real estate market in order to find the most suitable option for you. It should be said that, despite the prestige of Manhattan and Brooklyn, you can not count on the fact that in lesser known areas, the cost of housing will be much lower. Of course, with regard to Manhattan, the prices on the primary housing market here start from 1 million, and the situation with secondary housing is not much better. The same situation can be traced in Brooklyn, and even on Long Island and Queens. Therefore, if you want to find comfortable accommodation, but at the same time, the price of which will not exceed your initial expectations, you will have to stock up on considerable patience.

Real estate in New York: availability, prices, terms of purchase

Ultimately, with luck, and finding the most suitable option for buying a home, your affairs on this issue should be transferred to the full jurisdiction of your real estate agent. The procedure for buying a home, with all legal formalities, takes about a month. After obtaining the consent of the parties, the realtor prepares a contract of sale. This contract is signed only in the presence of the buyer's agent. Immediately after signing, the contract goes through several more quality checks, and the legal registration of the purchased property is also checked. By the way, it is also important to mention that when concluding a sale transaction, the agent is entitled to an amount of about 5% of the amount of the object.

However, we will not talk only about buying a home. If you are planning to rent an apartment in New York, then the right decision would be to contact a realtor again, whose services in this matter will be about 15% of the monthly rent. Renting an apartment in New York is also not cheap. One of the most prosperous areas of the city, Brooklyn, is able to offer you renting an apartment for no less than 3000 USD. per month, for an area of ​​50 squares.

Real estate in New York: availability, prices, terms of purchase

When signing a lease, you should be aware that the rates do not change throughout the duration of the contract, it should also be mentioned that often the contract is concluded for a period of 1 year. At the same time, in case of violation of the main terms of the contract by one of the parties involved in the transaction, the parties to the contract have the full right to material compensation, or else to defend all their legal rights in court. Also, according to American law, there are traditional measures that are designed to combat discrimination based on gender, age, religion. In case of refusal to provide a lease for one of these reasons, or due to racial discrimination, the landlord is subject to criminal liability.

In general, summarizing, it should be noted that the purchase of housing in New York, in addition to this will be a successful investment, in itself should pass without serious obstacles. Cases of fraud in the housing market in the United States are not often encountered, in this regard, the quality services of a realtor should not cause you doubt. If you are really in the mood to buy property abroad, then, of course, New York, in this respect, is one of the most attractive options, both in terms of the prestige and grandeur of the metropolis itself, and as a result of fairly simple procedures for acquiring housing rights, compared to other countries.

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