Nowadays, when buying a house, many people will pay by installment and then pay back the required amount every month. However, due to various reasons, it is necessary to sell the houses purchased by stages. So can the house bought by installment be sold? What is the buying and selling process of the house by installment? Do you know that?/You know what? Now let's have a look.

1. Can the house bought by installment be sold?

Can't buy or sell, because the installment house is still in the mortgage state, and there is no real estate license, so it can't be traded. When buying a house by stages, the bank will mortgage the property certificate of the buyer. Only after the buyer pays off the loan principal and interest will the bank return the title certificate to the owner, and then the house can be listed and traded.

2. What is the procedure for buying and selling houses by stages?

1. If the house is in the installment payment stage, when buying and selling the house, both buyers need to sign the House Purchase Contract, and then sign the Security Guarantee Contract for Sub-mortgage Transaction under the witness of lawyers. After the process is completed, the buyer needs to pay the seller 30% of the total house price as the down payment.

2. After obtaining the consent of the bank, the seller submits an application for advance payment to the bank. Property buyers then apply to the bank for a loan to buy a house and submit the required materials. If the loan meets the standards set by the bank, the bank will lend.

3. The bank will transfer the loan amount of the buyer to the bank account where the house is sold. After the house is sold, the property right can be lifted if necessary, and the house and property right will be handed over to the buyer. Then the buyer mortgages the property to the loan bank.

4. At this time, the seller no longer owns the ownership of the house, and the ownership of the house is transferred to the buyer, who needs to deposit a certain amount into the bank account every month to start repaying the loan. When the loan is paid off, the property will be released and the buyer will have full ownership of the house.

Can I buy a house by installment? What are the procedures for buying and selling a house by installment? I'll introduce you here first. You got it? The property certificate of buying a house by stages will be kept by the bank. After the buyer pays off the loan, the bank will return the property certificate to the owner.

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