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What does the developer mean when buying a house when they say ten thousand is equal to fifty thousand?

When buying a house, the developer said that ten thousand is worth fifty thousand, which means that paying a deposit of ten thousand can be used to offset fifty thousand of the house price.

Notes:

Take buying a house worth 500,000 yuan as an example:

1. In my opinion, the 10,000 yuan when I subscribed is equal to 50,000 yuan. For a house worth 500,000 yuan, you only need to pay another 450,000 yuan.

2. From the perspective of the developer, 10,000 yuan is equivalent to 50,000 yuan when signing up, which is equivalent to a discount of 40,000 yuan. For a house of 500,000 yuan, you have to pay an additional 460,000 yuan.

Extended information:

Purchasing a house with provident funds:

There are "three precautions" when using provident funds to buy a house

First, provident funds cannot be used directly As a down payment for a house purchase. If citizens want to buy a house through a housing provident fund loan, they need to consume first and then withdraw it, that is, first pay the down payment, and then bring the ID card and household registration booklet of themselves or the couple. If they are married, they need to provide marriage certificate and other supporting materials to the local housing. The provident fund management center withdraws the storage balance in its provident fund.

Second, the total amount of provident fund withdrawal cannot exceed the total house payment. For example, if a citizen purchases a house with a loan for a total price of 200,000 yuan, and his provident fund balance is 300,000 yuan, he can only withdraw 200,000 yuan of provident fund, and the remaining 100,000 yuan of provident fund cannot be withdrawn [1].

* Some cities’ provident fund loans amount to 600,000. For example: Xi'an, Chengdu, Guangzhou and many other regions can reach 700,000 people under special circumstances.

Third, after paying off the provident fund loan, you can use the provident fund to buy a house. Whether it is a provident fund loan before or after marriage, if one of the spouses has applied for a provident fund loan, there will be a corresponding record on the provident fund center system. Before the last loan is repaid, the couple can no longer use the provident fund loan to purchase Second suite.

Baidu Encyclopedia-Buying a House