Housing fund supervision process

① The buyer and the seller sign the second-hand house sales contract, and the buyer and the seller jointly put forward the demand for transaction fund supervision service;

(2) The buyer uses the POS machine to swipe the card in the store (provided by the fund supervision core) for the full transaction, and the money directly enters the fund supervision account, which is supervised by XX Bank. At the same time, the Buyer and the Seller sign the Agreement on Fund Supervision between the Buyer and the Seller;

(3) Shops and real estate markets handle tax payment and transfer procedures for buyers and sellers;

(4) After the transfer formalities are completed, the bank will allocate the purchase price according to the instructions according to the authorization of the buyer and the seller.

Extended data

If there is still an outstanding loan in the second-hand house transaction, and the seller pays off the loan with the buyer's down payment, cancel the mortgage of the house and then transfer the property to the buyer.

The buyer is worried that the seller will use the money for other purposes and the property cannot be transferred, so both parties can use the funds for monitoring. Fund supervision is to save the house payment paid by the purchaser in the third-party fund account agreed by the upper and lower households for special purposes. In other words, it can only be used to pay off the last loan, thus ensuring the smooth and safe transaction process.

In the process of buying and selling second-hand houses, it usually takes 1 to 3 months from the signing of the sales contract between the buyer and the seller to the completion of the real estate transaction. There is a problem of "payment first or transfer first" in real estate transactions. If there are no regulatory measures for trading funds, unnecessary disputes will easily occur. Only by means of fund supervision and fund custody can we really ensure the security of second-hand housing transaction funds.

In these two modes, the funds are frozen through the special account of the bank, and no one else can use the funds without the agreed authorization of the buyer and the seller. In addition, other housing payment delivery modes will make the transfer of funds have certain risks.

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