2. There may be many risks in real estate with incomplete "five certificates". For example, real estate projects and their land have been mortgaged to banks (in fact, many developers have mortgaged their projects and land in banks to obtain development funds). Once the loan can't be repaid, the bank will get the priority of compensation for the house. Because there is no pre-sale permit, buyers can't register in the real estate management department, and the right to buy a house can't be guaranteed, so they can't compete with the priority of the bank.
3. Incomplete five certificates means that you may not get the property right certificate in the future, the quality problem of the house cannot be guaranteed, the quality inspection department of the house cannot accept it, and there may even be risks such as developers "running away" due to the break of funds. Therefore, when buying a house, buyers must ask and check the five certificates of the sales office.