Many friends do not have a good understanding of second-hand houses, especially in terms of loans. There are certain differences between second-hand houses and new houses. New house loans generally do not need to be evaluated, but second-hand houses are different. After taking out a loan, the second-hand house will usually be appraised, and then the loan amount will be issued based on the appraised price. Some friends may not be very clear about the transaction price appraisal, so what is the difference between the transaction price and the appraised price of the second-hand house? What factors affect the down payment for a second-hand house?

How much is the difference between the transaction price and the appraised price of a second-hand house?

The difference between the transaction price and the appraised price of a second-hand house still depends on the condition of the house. If the second-hand house is older, then the appraisal The price that comes out is relatively low, and the difference is quite large at this time. If the second-hand house is relatively new, the appraised price is relatively high, and the difference is not very big.

What factors affect the down payment of a second-hand house

1. The remaining life of the house

If a home buyer wants to take out a loan to purchase a second-hand house, then he needs to pay attention to the remaining life of the house. , because when applying for a loan for a second-hand house, the lending bank will measure the loan amount based on the age of the house. If the house is relatively new, the loan amount will be larger. If it is older, the appraisal will be very low and the loan will not be large. Changes in the loan amount will also affect the down payment ratio.

2. Local policies

Different policies also have a certain impact on the down payment ratio. When buying a house, buyers should pay attention to understand the actual local conditions, whether they are applying for a commercial loan Whether to buy a second-hand house or apply for a provident fund loan to buy a second-hand house, different places and regions have different policies, and the amount of down payment that needs to be prepared is also different, and there are differences. Therefore, before buying a second-hand house, be sure to check the relevant local house buying policies and find out whether there are any regulations on the down payment ratio.

3. Seller’s requirements

When buyers buy second-hand houses, the sellers they face are individual owners. Therefore, when trading second-hand houses, the sellers may ask the buyers There are different requirements. If the seller requires a higher down payment, this will need to be negotiated and the amount of the loan you want will also change.

4. Appraisal price of second-hand houses

The transaction of second-hand houses is much more complicated than that of new houses. Second-hand houses have one more appraisal price than new houses, and the down payment ratio of second-hand houses will still be higher. Affected by the appraised value, we usually say that second-hand houses can be loaned at 70%. This does not mean that we can get a loan of 700,000 for a house with one million, but it refers to 70% of the appraised value of the above-mentioned bank. In other words: if the bank's appraised value of a one million house is 800,000, the borrower can apply for a loan of up to 560,000. In other words, a down payment of 440,000 is required.

5. The number of properties owned by the home buyer

When buying a second-hand house with a loan, the bank will look at which house the home buyer is buying, and pay special attention to whether it was purchased with a loan. Which house is the first house and the second house? The down payment ratio of the two houses is different. If the second-hand house purchased by the home buyer is the first home, the down payment ratio of the loan requires at least 30% of the down payment, and if it is the second home, the required down payment will be even more.