1, different loan years
The loan cycle of new houses is long, while that of second-hand houses is relatively short. The term of new house loan is 30 years, and the term of second-hand house loan is limited by the age of the house, which is often not available for 30 years. The older the second-hand house, the shorter the loan period.
2. Different taxes and fees
Compared with new houses, second-hand houses need to pay more taxes and fees. In addition, the standard of deed tax collection for new houses and second-hand houses is the same, but it is different in taxable value. The new house is multiplied by the corresponding deed tax ratio according to the total house price. Second-hand houses are multiplied by the corresponding deed tax ratio according to the transaction price, evaluation price or guidance price.
New house: taxes and fees such as deed tax, house maintenance fund, property fee, parking fee and heating fee need to be paid.
Second-hand house: main taxes and fees such as deed tax, personal income tax, loan guarantee fee and agency fee need to be paid.
3. Different procedures.
The transaction procedures of new houses and second-hand houses are different. For buyers, the transaction procedures of new houses are simpler. Because many procedures for new houses are handled by developers, many procedures for second-hand houses need to be completed by buyers and sellers themselves, so it is relatively cumbersome. If the transaction is conducted through an intermediary, the intermediary will provide services for the whole transaction process, but there are many disputes, uncertainties and risks in the second-hand housing transaction.
4. The down payment is different from the loan amount.
The down payment for new houses is generally calculated by multiplying the total house price by the corresponding down payment ratio, and the maximum loan amount can reach 70% or 80% of the total house price; Second-hand housing down payment and loan amount are affected by the evaluation price of second-hand housing. Generally, the evaluation price of second-hand houses is lower than the market price, which is 80%-90% of the market value of second-hand houses, and some houses will be lower. (subject to local policies)
To sum up, in terms of loans, new houses with long loan term and high loan amount are more cost-effective. Bian Xiao tip: The difference between a new house and a second-hand house is not only reflected in the loan, so you should combine your own needs and economic ability to buy a house. Whether buying a new house or a second-hand house, the one that suits you is the best. (Policies vary from region to region. When buying a house, everyone should focus on regional policies. )
(The above answers were published on 20 17-06- 16. Please refer to the actual situation for the current purchase policy. )
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