What are the conditions for selling a house with a mortgage?
1. There is no time limit for the sale of the house.
Whether the house is mortgaged or not, if we want to sell our house, there should be no time limit, otherwise we can't sell it even without mortgage. Now many cities have introduced the policy of restricting sales, that is, they can't sell for a limited time. For example, Chengdu is now restricted for three years, and the house bought after the introduction of the sales restriction policy needs to meet the property right certificate for three years before it can be sold. In addition, we bought affordable housing, price-limited housing, unit welfare housing, demolition and resettlement housing and so on. These may have a sales period. The policies of each place are different, so we should refer to the local policies. Therefore, when we want to sell a house, the first thing to think about is whether our house meets the conditions for listing and trading.
2. You need to get a professional title certificate.
To handle the transfer formalities in the Housing Authority, a property right certificate is required. If we buy a new house to deliver the house, or the delivery time is short, the property right certificate has not been processed basically. If you want to sell a house, you can't go through the transfer formalities in the Housing Authority. Even if you sign a sales contract and sell it to others, you still have to apply for a property certificate to transfer the ownership. It is generally not recommended to sell the house to others without obtaining the property right certificate, because the house has not been transferred, and buying other houses will be considered as a second suite, and the house price may fluctuate greatly. In case the house price rises sharply, then the landlord will definitely not be cost-effective.
3. Need to pay off the mortgage.
If the above two conditions are met, you only need to pay off the mortgage and you can sell it normally. In many cases, the landlord can't pay off the mortgage by himself when selling the house. This situation can be solved in two ways. The first method is to negotiate with the buyers, so that the buyers can pay the down payment in advance to repay the mortgage. But now many buyers are reluctant to use the down payment to help the landlord repay the mortgage, because there are certain risks for the buyers, so they can only negotiate with the buyers as much as possible. It is best and simplest to repay the loan with the down payment. The second method is to find a third-party company to help repay the mortgage. This method is used more now. This method is more complicated, which requires signing some contracts and a mortgage fee. But for the landlord who can't repay the mortgage, this is the only way to repay the mortgage. If you choose this method, you can negotiate the mortgage fee with the buyer, because many landlords sell their houses at full price, because the extra cost of mortgage loans is likely to make the transaction more difficult. Therefore, we'd better inform the real estate agent when selling the house. If you want to advance money, you should pay for it yourself or negotiate with the buyer, so that the real estate agent can inform the buyer in advance and let the buyer have a psychological preparation.