Redeeming the property is the landlord’s business, and the landlord pays the fee.

But if the owner pays the actual house price and doesn’t care about anything, then you are out.

Method 1 to redeem the property: The owner redeems the property himself. This does not cost any money.

Method 2 to redeem the property: Find a guarantee company to help fund the redemption. The handling fee is approximately 1% of the outstanding amount, 2,000 yuan for less than 200,000 yuan. This is Shenzhen’s algorithm

Cash redemption means that the seller raises cash on his own to redeem the property. There are also cases where the buyer directly uses cash to redeem the property for the seller. This method involves higher risks for the buyer and is not recommended.

In practice, there are two ways to redeem a property through a guarantee company:

The first is that the owner borrows money from the bank to redeem the property through the guarantee company, and pays 0.8%- 1% guarantee fee, and short-term redemption interest to the bank. After the buyer's property certificate is issued, the bank will apply for a mortgage. The industry often calls it "two-payment redemption";

Second In this way, the buyer makes a mortgage with the bank through a guarantee company, and the bank will transfer the redemption money to the seller to pay off the loan in advance. Only the guarantee fee is paid, but the buyer needs to pay the property in advance. This is often called "lump sum redemption" in the industry. building". Because the redemption cycle is relatively long, if the seller defaults and refuses to sell, the transaction is terminated due to unexpected reasons, the house is seized, etc., the house cannot be transferred. Not only will the buyer not be able to buy the house, but he will also have to pay for the house on a monthly basis.

Financing through a finance company to redeem a property

Sometimes if the seller has multiple payment defaults and other bad credit, and the general guarantee company is unwilling to redeem the property, then you need to find some finance companies. If the financing company directly pays cash financing to redeem the property, the relevant fees at this time will be higher than ordinary guarantee fees. It is similar to the cash redemption method, except that the seller does not have his own cash, but borrows cash from a finance company to redeem the property.