In addition, the purchase method should also pay attention to the following points:
1. High risk: The house auctioned according to law is usually enforced because the original owner can't repay the loan or violates the law, so there may be some potential problems, such as house maintenance, tax arrears, property rights disputes, etc. 2. Fierce competition: Because the auction house's price is relatively low, it often attracts a large number of buyers to participate in the auction, and the competition is fierce, which may lead to price increases. 3. I can't see the house: Before the auction, I often can't enter the house to see it, but I can only observe it from the outside, which may increase the risk of buying a house. 4. The transaction process is complex: the purchase method needs to understand the relevant laws, regulations and processes, and the transaction process is complex, requiring patience and care. Therefore, the purchase method needs to be carefully considered. It is recommended to fully understand the relevant information before purchasing and conduct risk assessment to avoid unnecessary losses.
Talk about pros and cons
Pro: 1. The price is relatively low: the price of auction house is usually much lower than the market price, because banks or courts need to cash in as soon as possible, so they will sell at a low price. 2. Simple transaction process: The transaction process of the auction house is relatively simple, and generally only bidding and signing are needed. 3. You can get a higher return on investment: If you buy an auction house with a good location and good decoration, you can get a higher return on investment. 4. You can get faster income: If you buy an auction house with a good location and good decoration, you can get faster income. 5. You can get higher rental income: If you buy an auction house with a good location and good decoration, you can get higher rental income. 6. You can get higher appreciation space: If the area where you buy the auction house has development potential in the future, you can get higher appreciation space.
Disadvantages: 1 High risk: the quality and condition of the auction house are difficult to determine, and there may be some hidden dangers, which require buyers to bear their own risks. 2. Unable to seal up: houses auctioned by law are generally auctioned by banks or courts because the original owners are unable to repay the loans. If the original owner transfers the house to others before the auction, the buyer may face the risk of not obtaining property rights. 3. Unable to get loans: Banks usually don't provide loans for home purchases, and buyers need to solve their own financial problems. 4. Need to bear the maintenance costs: the auction house may have some hidden dangers or problems that need to be maintained, and the buyer needs to bear the maintenance costs. 5. Unclear property rights: The auction house may have unclear property rights, and buyers need to verify the property rights themselves. 6. Fierce competition: The auction house is fiercely competitive, which may raise the price and require buyers to bid carefully.