Advantages and disadvantages of buying a house by auction
Advantages of auction houses: low prices. Since it is an auction, the starting price is generally lower than the market price, which is basically between 70% and 80% of the market price. In addition, most people don't know the channels of auction houses, which leads to the decrease of auctioneers and may be ignored. Simply put, the auction price may be very cheap and easy to buy.
Disadvantages of buying a house according to law: no loan. The auction house can only pay in full at one time, and the payment time is short, which makes many people who want to buy an auction house discouraged. It is prone to debt disputes. Some houses have other creditors who have mortgaged or sold more than one room.
Is it reliable to buy a house according to law?
The purchase method is not unreliable, but it is undoubtedly much cheaper than ordinary second-hand houses. And in most cities, the property auctioned by the judiciary is not within the scope of the purchase restriction policy, which means that the auctioneer is not restricted by the qualification of purchase restriction, so it is favored by many people. But at the same time, property buyers want to know about possible problems and do a good job to deal with them, so as not to lose all their money and spend money on them. .
First, prepare a deposit.
In fact, no matter what kind of house buyers choose, they need to know enough about the price and value of the house and make financial preparations. Unlike buying ordinary commercial housing, you have to pay a high deposit to buy an auction house. Generally, the money is 00% to 20% of the total starting price of 65438+, which is not a small sum. If the auction is successful and you suddenly regret not wanting it, this expensive deposit will not be refunded. In addition, the transaction tax of the auction house is relatively high, and these buyers also need to prepare in advance.
In order to avoid buying houses with different values, I suggest you look at dozens of houses before deciding to bid, and then understand the local real estate market.
Second, know the details of the house.
If you want to buy a house at a lower price, you should pay attention to the auction information in time and lock the auction target. Never ignore the basic situation of the house in order to save trouble. It is very necessary to take time to know the property right, residence or lease of the house. Through the auction announcement, the court official website inquired about the public judgment information. The auction of personal and bank debt relationship is relatively clean, and personal and personal disputes are very troublesome. Even if you successfully bid for the house, there will be many follow-up questions waiting for you.
In view of the introduction of the above article, I mainly tell you what are the advantages and disadvantages of buying a house faster. This kind of house is much cheaper than ordinary houses on the market, but the disadvantage is that it is prone to disputes. After all, the house is auctioned by the court, and the dispute may not be solved clearly. Moreover, I also tell you that buying a house by auction is not reliable, and this is not necessarily reliable. To put it bluntly, the auction house is the property auctioned through judicial channels. It should be noted that auction houses include foreclosed houses, but auction houses are not foreclosed houses. There are many more houses auctioned than foreclosed ones.
Therefore, there are at least three types of houses to be auctioned, one is foreclosed houses, the other is mortgaged houses to ensure the realization of creditor's rights, and the third is houses that have been sued for other debt disputes and entered the execution procedure. In short, in the end, whatever the reason, the property is handled by the court auction.
The final transaction price of the auction house is usually lower than the market price. There are also cases that are higher than the market price, which are relatively rare and common in relatively scarce buildings such as school districts.
So should the auction house buy it? Before answering this question, we must first understand the basic situation of the auction house. The auction house is auctioned according to the status quo, which means that the auction house is like this. The status quo includes physical condition and rights status. Although the auction house has introduced the auction object before, the introduction can't be exhaustive.
Therefore, before participating in the auction, you should do your homework, fully understand the basic situation of the property, and be aware of it. Participating in the auction is by no means a bid from others, it is as simple as adding a price yourself. Specifically, it is necessary to know whether the property being auctioned has the following three kinds of defects.
First, the status quo of property rights
In practice, there is such a situation that there are some special preferential measures on the top floor and the first floor when buying real estate, such as buying one get one free (usually the top floor), and the two floors of this kind of real estate are connected together, and the delivery area is mostly built by the development and construction units and is not registered within the legal area. For example, the auction is on the seventh floor, and the eighth floor is connected with the seventh floor. Even if the seventh floor is taken down, if it is not clear how to deal with the eighth floor, even if the auction is successful, delivery or use will be a trouble.
A similar situation happened on the first floor. Some residents have expanded a part of the area around the legally owned houses on the first floor. This part of the area is naturally unlicensed, and naturally it is not included in the auction. After the auction of legal property area is successful, the executor will ask the bidder to pay the cost of expanding the area.
There are other complicated situations in property rights, such as small property houses, which may auction buildings on the ground. After participating in the auction, you should fully understand whether you can handle legal documents after the auction. There are also early real estate, real estate license and land certificate are separate. Some houses have real estate licenses, but no land certificates. There is no land certificate because the land procedures are not perfect and the land transfer fee has not been paid.
Now the two certificates are integrated, and the real estate license and the land certificate are unified into the real estate registration certificate. It is very troublesome to buy a real estate if you can't apply for a real estate registration certificate.
The second is the mortgage situation.
There are registered mortgages and unregistered mortgages, and registered mortgages have greater rights than unregistered mortgages.
Many properties entering the auction process have been mortgaged, that is, there are legal repeated mortgages (the secured creditor's rights are less than the property value) and mortgage registration, and there are also registered legal mortgages and illegal mortgages, that is, the houses are mortgaged to other creditors privately after legal mortgages.
When participating in the auction, we should have a comprehensive understanding of the mortgage of the property, especially the private mortgage, so as to avoid a lot of unnecessary troubles and losses.
The third is living conditions.
There is a well-known principle in the relationship between house leasing, that is, buying and selling does not break the lease, and auction is also a kind of buying and selling, just a special transaction type of buying and selling through auction. Even if the auction is successful, as long as it does not exceed 20 years, the original lease contract is still valid, the lessee is not affected by the auction, and the lessee has the preemptive right under the same conditions.
If the house is rented for a long time, it will be a depreciation factor for the successful auction of the property. Even if there is a way for the lessee to move out, it will cost a certain price.
There is no need to buy a property with the right of residence. If a property has a long right of residence, it will be very uncomfortable for others to live for a long time.
Summary: For real estate with clear property rights, no repeated mortgage and no right of residence, bidding can certainly participate. If the enforcement court can auction, the auction house will be cleaned up and delivered to the bidders. Then buy boldly.