Advantages of buying a house in full
1, the total house price is small.
In addition to paying the house payment, the monthly mortgage also includes the interest owed to the bank, and all the expenses add up to much higher than the original house payment. However, buying a house in full can save this part of the cost and save all kinds of loan fees and bank interest. Generally speaking, it still saves tens of thousands or even hundreds of thousands of money.
Moreover, if you buy a house in full, you can get more discounts and concessions than customers who buy a house with a loan. Developers are also happy to buy a house in full.
2, the process is simple, worry-free and labor-saving.
For customers who buy a house in full, they either have money or want to save trouble, and in the process of actually paying the house price, it really proves that it is easier to buy a house in full than to borrow money. As long as the funds are ready, other things will be logical.
For example, you can sign a house purchase contract directly with the developer and pay the house price, instead of waiting in line at the agreed time to sign a contract with the bank, get a loan and wait for approval, thus eliminating the process of dealing with the bank.
3. The second transaction is convenient and quick.
Buying a house in full also has advantages in second-hand housing transactions. The factors affecting the second-hand housing transaction are the age of the house and whether the seller's loan is paid off. The shorter the house age, the easier it is to sell. Sellers' houses without loans are also more likely to be successfully traded, and it is easier to find buyers to complete the transaction.
On the contrary, a house with loan constraints may make the whole transaction much more complicated and slow, and the first problem to be solved is that the seller must pay off the loan before trading, which is time-consuming and laborious, and the front line is too long.
Disadvantages of buying a house in full
1, with great financial pressure.
Now, no matter how bad a house is, it costs hundreds of thousands, and a slightly better one costs millions. If it is not a person with abundant funds, the pressure of buying a house in full will be great, and a little carelessness will affect the living standard and trajectory.
Moreover, from the perspective of investment, it is not particularly wise to spend such a large sum of money to buy a house. Even if many people have the ability to buy a house in full, they will choose to borrow money to buy a house, and use the remaining funds in their hands to make better investments and wealth management products, and the income is very considerable, instead of putting all their eggs in the same basket.
There are many unknowns in the auction house, which is risky.
Most of the houses bought now are auction houses. If you can't see the real thing, the auction house will take your house money, and everyone will have a little anxiety in their hearts. If the five certificates of the purchased commercial house are incomplete, especially when the house is opened without the pre-sale certificate, the risk will be even greater.
More importantly, what should you do with the money if you accidentally choose a developer or a building and the house eventually goes bad? Compared with the loan buyers, the loss will be much less than the full amount.