The Buying Process America

The followig information is for guidence only please contact our in house experts for advice and information. Your attention is also drawn to our terms and conditions.

Buying a home in the US is a lot more straightforward than it is in the UK. In some states including Florida, the majority of purchases can be completed without involving a lawyer and the whole process from offer to completion, could take as little as a fortnight but in any case no longer than 90 days.

Ensure that when you have found the property you wish to purchase the offer is written up on a real estate contract for that particular state and that it contains all the terms and conditions that must be met before the contract becomes legally binding. You will have to pay a deposit of a few thousand dollars so will need access to an American bank account.

If your offer is accepted the contract will be signed by buyer and seller and becomes legally binding to all the clauses. If you then decide to back out you could lose your deposit and be forced to purchase the home anyway. However you cannot be gazumped.

 
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