# Property Registration In US

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world” says Franklin D. Roosevelt, a well-known American politician and attorney. It's a dream of every individual to own a property of their own; one which they can call their Home. The [property registration](https://safeguardproperties.com/wp-content/uploads/guidelines/FHA_2007/ATTACHMENT22009.htm) procedure, however, is a huge pain. Buying a property in the United States takes 30–45 days and several steps are involved in the acquisition process.


In the United States, it operates this way:

## 1. Locate an agent and provide proof of financial resources.

Select an agent and demonstrate to them that you have sufficient finances to meet the purchase price with paperwork demonstrating your income, assets, and so on. You will not be considered a reliable buyer if you do not comply.

## 2. Look for a house.

A local real estate agency can help you find homes that meet your criteria. The primary considerations are the city, the surrounding area, and your budget. The agency will schedule viewings once you've identified one or more possibilities that appeal to you. Ask your agent any queries you have about the property, the payment process, or any reductions.

## 3. Submit a proposal.

Make an offer to the seller, either verbally or in writing, and execute it as a conventional deed once you've decided on your property.

## 4. Make a payment.

When your offer is accepted, the seller's agent establishes an escrow account for you. Then you must submit a down payment, which differs depending on the state in which you are purchasing the home. For example, in California, you must pay 3% of the purchase price within three days of the offer being accepted, whereas in New York, you must pay 10–20% of the asking price within 5–10 days, and in Florida, you must pay 10% within a contractually specified time.

## 5. Get a home loan (if applicable).

The bank hires a professional to assess the property. If your preferred property is positively evaluated, you must give all essential paperwork to the bank in order for the mortgage to be approved.

## 6. Get the condo or cooperative board's consent (if necessary).

When purchasing property, the condominium or cooperative board must approve the purchase. Complete and sign the final sales deal. It's actually a good idea to inspect the property one day before or on the day of the transaction to ensure that it is in good working order and that it is vacant.

## 7. Receiving the title of ownership.

You are given a title deed after the title firm has been paid or received the mortgage documentation. In many states, however, the transfer is not finalized until the title deed is registered with the district court.

If you have any issues about registering your property in the United States, please contact [Safeguard Properties](https://safeguardproperties.com/) at and we would be happy to assist you.