House price trends and various predictions are confusing. Will they fall? Not falling? rise? Still rising?

But no matter whether prices go up or down, those who need it still want to buy a house. So, when is the best time to buy a house? Industry insiders pointed out that there are 8 tips for buying a house. Among them, owner-occupiers should buy when the price falls and not when the price rises.

1. Look at the bank’s attitude towards home loans

The way ordinary house buyers look at the market is very simple, that is, look at the bank’s attitude towards home loans. Generally speaking, the bank's attitude towards loans is more true, accurate and more credible than the words of experts.

A loose bank grip indicates that the market is optimistic, investors are surging, and housing prices are generally on the rise; a tight bank grip indicates that market risks have increased, policy controls have driven investors away, most sellers are anxious, and buyers are waiting and watching. , house prices generally show a downward trend.

2. Look at the supply and demand ratio through the average price

Some experts say that the average price has fallen because more certain types of houses are being sold on the market. Industry insiders say that if the supply increases, the real demand will also increase. Then the price of such houses will remain flat or rise slightly, and you will not be able to buy a cheap house at this time; if the supply increases and the real demand remains unchanged, the price of such houses will immediately fall, and this is a better time to buy a house.

3. Don’t rush to buy oriented houses yet

Generally speaking, the price of policy-oriented houses will rise in the early stage of policy guidance, and then the price will fall as the supply increases in the later period. It’s not too late to start now.

4. There are self-occupied customers who “buy down but not up”

For self-occupiers, the increase or decrease in house prices is actually just a number. The most important thing is that the same How much did you pay when you bought the house? The price you buy when it falls is definitely lower than the price you buy when it rises, so you should "buy when it falls but not when it rises."

5. There are more calls from intermediaries selling houses to you

The number of cold calls from intermediaries selling houses to you is few, which proves that the market is good and there is no shortage of customers in the market. This is not the time to buy a house. ; There are many cold calls from real estate agencies selling houses to you, which proves that the market situation is not good. There are fewer customers buying houses in the market, and there are more opportunities to bargain with the landlord.

6. Calculate the cost of housing carefully in advance

Relatively speaking, the larger the community, the lower the use and maintenance costs. Because buying a house does not mean that you can enjoy all the facilities and services in the community for free. You have to spend money to use the clubhouse and underground garage; the more luxurious the lobby and the more public facilities, the more you pay; the fewer households in a building, the more you have to share in the elevator costs The more. The cost of maintaining a house cannot be ignored when buying a house.

7. Only by buying "expectations" can you make a profit

When buying a house, you must learn to buy "expectations", so that you can make big profits in the future. It is better to buy before the policy is clear. Of course, the prerequisite is that the source of the information must be accurate.

8. Ordinary house buyers don’t have to do it all in one step

Ordinary house buyers first consider convenience and practicality, and they don’t have to do it all in one step. The ideal house is actually a relative concept. What is ideal today may not be ideal tomorrow. Convenience and practicality are the most practical.

Moreover, set your own goals before buying a house and read more. After moving in, there is no comparison or care. Psychological balance is more important than any material enjoyment.

Once you have decided to buy a house, you cannot avoid:

Mortgage loan

Before buying a house, it is necessary for home buyers to understand in detail the full payment of the house and the loan. Find out the pros and cons of buying a house and see which method is more suitable for you, so that you can achieve a better allocation of funds.

Advantages of buying a house with full payment

1. The expenditure for buying a house with full payment is less

Although the first payment is more, judging from the total amount of money to buy the house , various handling fees, bank interest, etc. can be waived. Moreover, the one-time payment can be negotiated with the developer to further save the purchase price. At present, certain discounts are given for one-time payment for commercial housing, which has basically become a unified preferential activity for real estate developers, but the discounts are different.

For example, if you purchase a house with a total price of 1 million yuan, if you make a one-time payment, the developer will give you a 3% discount. This alone can save 30,000 yuan in house purchase expenses.

2. The process is simple. Buy a house with full payment and sign a purchase contract directly with the developer, which saves time and convenience.

For those who purchase a second home, not only do they avoid the expense of rising loan interest rates, but they also save time and energy in dealing with banks.

3. Easy to sell. From an investment perspective, it is more convenient to resell a house purchased with full payment. It is not subject to the constraints of bank loans. Once house prices rise, it is quick to cash out and it is easy to exit. Even if you don't want to sell, you can still get a mortgage from a bank when you encounter financial difficulties.

Disadvantages

1. High pressure. Buying a house in full at one time will become a big burden for those buyers with a weak financial foundation. If you don't have sufficient funds, the one-time investment in buying a house is too large, which may affect the buyer's other investments.

2. Large variables

For most of the properties on sale for free, buyers choosing to make a one-time payment will increase the risk of buying a house. If you choose a one-time payment, each property will require the buyer to pay all the house payments during the pre-sale stage and sign a "Commercial Housing Sales Contract." However, during the transaction process, many pre-sale properties have the problem of incomplete five certificates. Although the sales staff promises to complete the procedures within a certain period of time, for home buyers, it is full of unknown variables, among which the largest The problem is "difficulty in filing".

3. The risk is high. For those who buy off-plan houses, if the developer fails to deliver the house on time, or is unable to complete the sale and use due to insufficient project funds or even the project is "unfinished", then the entire property will be delivered. Homebuyers who pay more money may lose more interest, or even lose all their money.

Advantages of loan to buy a house

1. Spend tomorrow’s money to realize today’s dream. Mortgage loan means borrowing money from the bank. You can buy your own house without spending a lot of money right away. , so the first advantage of buying a house with a mortgage is that you can buy a house with less money.

2. Use limited funds for multiple investments. From an investment perspective, mortgage buyers can invest their funds separately, take out loans to buy a house for rent, use rent-to-rent loans, and then invest again, so that the funds can be used flexibly. .

3. The bank checks the loan for you. You borrow money from the bank, so the bank is naturally concerned about the quality of the real estate project. In addition to checking you yourself, the bank will also help you check the developer and check it for you. Naturally high insurance.

Disadvantages

1. Speaking of the disadvantages of carrying debt, the first is the high psychological pressure, because the traditional habits of the Chinese people do not allow Yin to eat and pay attention to saving, so buying a house with a loan is not suitable for conservative people. Not suitable. And the fact is that home buyers are indeed burdened with heavy debt, which is not easy for anyone.

2. It is not easy to realize the loan quickly. Because the real estate itself is used as a mortgage, it is difficult to sell the house again, which is not conducive to home buyers exiting the market. Therefore, buying a house is a big deal, but when buying a house, you must choose a payment method that suits you based on your actual situation.

How to repay a mortgage early

The longer the repayment is delayed, the more interest will be paid. An impatient person like the editor cannot bear it. Only by getting rid of it early can I escape. Friends who want to take a boat ride on the bitter sea, please come ashore with me!

Customers who apply for early repayment need to submit a written application one week to one month in advance and agree on a repayment date. Friends, you should think clearly based on your repayment ability before applying early! According to the agreed application date, bring your ID card and the loan contract signed with the bank to the bank to fill out the loan repayment application form and early loan repayment agreement, and according to the bank's requirements, deposit the loan repayment to your withholding loan The principal and interest will be automatically deducted from the account by the bank.

The end of the year is the peak of bank year-end business statistics. It is not recommended that you apply for it at that time. You must go to the loan handling bank to apply, and the procedures for each bank are different, so be sure to consult clearly before applying. Documents, information, application procedures and relevant regulations, otherwise you will lose this appointment opportunity due to these reasons and have to make a new appointment. Friends who repay in equal amounts of principal and interest or equal amounts of principal do not need to pay any liquidated damages if they repay in advance. Only friends who repay with a fixed interest rate need to pay liquidated damages. Finally, go to the housing mortgage property department to get a cancellation registration form (be careful not to apply across districts), and attach the house purchase contract or property ownership certificate to process the mortgage cancellation.

Notes

(The above answers were published on 2017-04-26, please refer to the actual relevant current home purchase policies)

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