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Do I have to pay down payment for the loan to buy an auction house?
A loan to buy an auction house must pay a down payment. Whether you buy an existing home or an auction house by loan, you need to sign a house purchase contract with the developer first, then pay the down payment, and finally apply for a bank loan to buy a house. After receiving the loan application from the buyers, the bank will examine and approve the purchase information and the lender's economic situation, and will only lend money if all conditions are met.

What should I pay attention to when buying an auction house?

1, depending on the developer's strength

I believe everyone can understand the strength of developers. The quality of real estate built by developers with strong strength and good reputation will not be much worse. For some small and medium-sized developers who have never heard of it, they should go to the relevant authorities to investigate the qualifications of developers before buying a house. Before buying an auction house, property buyers should first conduct a comprehensive inspection of the strength and credibility of the project developer. You can go to the real estate that the project developer has developed and turn around to understand the basic situation of the next community. You can also check the strength and reputation of developers online.

2. Pay attention to the agreed processing time of the certificate of immovable property rights.

In the disputes over faster delivery, many of them are related to handling property right certificates. According to the regulations, the real estate registration authority refers to the real estate management authority. After examination of the applicant's application, the ownership is clear and the source of property rights is complete. After accepting the registration, the registration authority shall immediately issue the house property certificate.

3. Look at the site environment

The management level of the construction team is very important. Buyers can observe whether the materials on the project site are neatly stacked, which reflects the quality of a construction team. A responsible construction team will naturally not ignore these small details. If the materials in the project are scattered, then buyers should pay attention to the quality of the house in the future. In addition, we should pay attention to the working state of the construction team and the quality of on-site safety measures, which can also reflect the quality problems of the community to some extent.

4. Look at the internal structure and building location of the community.

Although the house has not yet been built, buyers can learn about the internal planning of the community from the projects under construction. Many buildings have already taken shape, and the location of each building will be fixed, including the spacing between buildings. Buyers can try to find the building where their house is located, observe its location, and then they may go in to see the internal structure of the house.

5. Look around.

Although the auction house is a house that has not been built yet, buyers can also judge the future development of the community by looking at the surrounding environment and supporting facilities, such as supermarkets, vegetable markets and restaurants. The service radius is preferably within 500 meters, whether the surrounding main roads and public transportation are convenient to travel, whether there are school resources such as primary and secondary schools, and whether there are banks and hospitals.

6, the area should be calculated clearly

There may be an error between the purchased area and the measured area when buying an auction house. Property buyers can stipulate the "error area" in the contract. For example, if the error rate exceeds 0.5%, the purchaser has the right to unilaterally terminate the contract, demand double return of the deposit, and pursue legal responsibility.