There are more and more Peruvians who prefer to invest in the purchase of property on American soil, whether as a second home for vacations or to diversify a portfolio. Investment,
“After the (Peruvian) elections there is clearly an increase in apartment purchases in the United States, especially in Florida, which is a preferred investment destination for Latin Americans in general. Because of all the changes in the political arena, the risk There has been an increase in the desire to buy property in that country to diversifyhe pointed juan carlos tasaraIn conversation with Gestion.pe, President of Asei.
Due to this high demand for housing, Peru has constant political and economic crises; and the risks involved in investing in only one country.
“We have already realized that Peru is a country with a very changing landscape. It would not be recommended to have all investments in Peru. Having assets in the United States diversifies Latin American risk. We are in a complex situation. have been that if they were, the value of the property would have fallen greatly, and in general, there would have been a major blow that fortunately has not happened yet “she insisted.
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How to buy a house in USA?
According to Tasra, buying a home in the United States is not as complicated as one might think. According to the president of Asei, it is necessary to have documents that prove that the person receives income in Peru and other documents that are in line with the owner’s legal procedures.
“They only ask 30% of initial and tourist visas, and that income in peru No income of any kind in the United States or other property is required. Also it is enough that they give you credit up to 70% of the value of the property, tense.
Investments from South Americans are very important to the city of Florida and to the United States in general, and it is for this reason that, according to Alicia Cervera, Partner of Cervera Real Estate, Buying property is easier because of the existence of real estate brokers, who are also known as touts.
“It is much easier to buy in the United States than in other countries. You should be advised by a lawyer who conducts corporate affairs, because in order to be in the best position at the tax level, it is important to buy a corporation that is 3 is made in days. our country those documents are usually complex and expensive, but this is not the case in the United States. If you work with a broker, it solves all your problems. He recommends everything you need. The broker can also help you find the property you are looking for”he pointed.
In this sense, there are different procedures that need to be followed depending on the type of house to be acquired. According to Cervera, there are many options that will suit the type of home, “It can be purely economic investment or with the flexibility that you can enjoy with your family, but it is born when you are there.” are not.”
Experts point out that while buying a home, the type of accommodation also comes into play, which can be residential or commercial.
“Another very important point is that foreigners can ask for loans to avoid paying everything in cash, which is relatively easy”he pointed.
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How much does a house cost in America?
According to experts, there are various factors that come into play while determining the price of a home.
One of those differences is that, as in other parts of the world, there is variation with respect to home values in the United States. how far are they from the city center, Along these lines, according to Cervera, there are assets that can cost US$100,000 In the most remote areas of the state of Florida.
“For reference the prices are going to start at half a million dollars, but if you move away from the center, Everything has prices. This is a very desirable entry price into the luxury market, but there can be homes US$360,000 to US$380,000. If you move away from the city, there are opportunities for little value $100,000 and less than $200,000“, he pointed.
Meanwhile, another factor that will determine its price is construction status, If it is another business or a project to be built, the prices will change. The latter is a determining factor for the purchase of houses by Peruvians.
“There are people who buy pre-construction and on delivery, or rent or resell it, and this is a business strategy. (…) Peruvians are attracted to new homes because of the facilities provided for credit. like to buy a house”. Cervera noted.
will depend on other factors Use which will be given to the property. According to Juan Carlos Tasara, it will depend on the two types of customers present in the market.
“One is one who buys a property exclusively for his use, which shall be between 80 to 150 square meters, At present, he goes to America for holidays. Then there is another person who wants to rent it out, that customer usually buys smaller properties 40 to 60 square meters to rent to tourists”, he said.
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How to Finance a House in the United States?
According to experts, there are a large number of financing options for buying a home in the United States.
According to Cervera, buying a new home from an older one offers more financing facilities, which is a determining factor for home purchases.
“According to your profile as an individual, brokers look for credit financing options for you. In the case of a used home, this is done by the same customer. But generally, in new homes, they look to a mortgage credit broker. Work with a company that provides facilities to customers. mentioned.
Also, according to Ta
sra, there are tax issues that differ if you buy as a natural person or through a company.
“There are tax issues that you have to sort out before deciding how you are going to buy a property because when it is a company that is selling it, it will walk you through the process to find the most optimal way guides,” he pointed.
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Other expenses for a home in the US
According to the expert, the only expense that comes with buying a property in the United States is not the down payment for the house.
As in other parts of the world, the US government requires property owners to budget for home maintenance and insurance.
“Here you have to pay property tax, property maintenance costs, maintenance and insurance on the property, which the bank will definitely require. That’s three additional expenses, which is 5% per year”, Cervera concluded.
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