Which is more cost-effective to buy a house in full or borrow money to buy a house?
Buying a house in full is certainly more cost-effective than buying a house with a loan. First of all, buying a house in full is in one step, and you don't need to bear the mortgage, saving a lot of interest. Moreover, developers who buy a house in full will be more willing to give preferential discounts and save a lot of money.
At the same time, the process of buying a house in full is simpler, which can save the cumbersome procedures needed in the loan. Finally, if you want to buy a house in full, it will be easier to change hands without being bound by bank loans.
Complete purchase process:
1, field inspection
After buying a house, the first thing is to go to the corresponding real estate and choose a house. When buying a house, you can go to several real estates, mainly to see the environment near the house and the surrounding public facilities, etc., whether it will provide convenience for your future life.
After many comparisons, we will determine which building to buy, and then go to the corresponding building to choose a house. According to the budget and your living habits, choose the right floor and apartment.
2. Sign the subscription book
After confirming the house, you can sign a contract with the developer to subscribe. When signing the subscription book, you must read the contract carefully. If it can be expressed in paper materials, try to supplement it in the contract. Don't believe all verbal promises.
The contents of the contract must be detailed, and the responsibilities of both parties for breach of contract or the area conditions of late delivery must be clearly written to avoid the occurrence of late delivery.
3. Check the house and accept the house
After the house is completed, the developer will inform the buyers to check and accept the house. When inspecting and accepting the house, we must carefully check whether all the details of the house are consistent with the description in the contract, and also check whether the three books, one certificate and one form of the house are complete and can accept the house only after confirming that there are no problems. If in doubt, we can refuse to accept the house.
4. Pay the house and do the real estate license.
If you buy a house in full, you can directly pay the house price to the developer. However, because the funds involved are relatively large, the developer must issue an invoice when paying the house payment, and then you can apply for the real estate license. Only when the real estate license is completed can you be sure that the house belongs to you.
Which is more cost-effective to buy a house in full or by loan?
For many families, buying a house is a big deal, and choosing the payment method of buying a house is a very important aspect. There are two common ways to buy a house now: buying a house in full and buying a house with a loan. It is already difficult for many people to choose these two ways. Next, let's analyze which one is cost-effective between buying a house in full and buying a house with a loan to help you make a choice.
1. In terms of price.
Although buying a house in full will cost you a lot of money at once, even your life savings, compared with buying a house with a loan, it can save bank interest and other expenses, and many developers will give certain discounts to commercial houses with one-time payment.
For example, if you want to buy a house with a total price of 5 million yuan, you can save 6.5438+0.5 million yuan if you give it a one-time discount. Generally speaking, it costs less than buying a house with a loan and is relatively more cost-effective.
Step 2 emphasize
Buying a house in full requires buyers to take out all the purchase money at one time, which is not something that ordinary families can do. Most people's families have to bear great pressure and work very hard in the early stage in order to collect the money. But in the later life, you don't have to bear the pressure of loan, and you don't have to calculate every living expense every day, for fear that you won't be able to pay the loan at the end of the month, so you can arrange all your future plans calmly.
Buying a house with a loan means borrowing money from the bank. You only need to prepare a small part of the house payment as a down payment, and the rest will be paid by the bank for you, so the pressure in the early stage is relatively small. But it is not easy for anyone to bear the debt in the future. You may need to calculate your living expenses every day to ensure that every expense is not overspent, and you can't buy what you want at will.
Step 3 change hands
Buying a house by loan is based on the property itself, and the general loan time is about 20 years, which is not conducive to buyers selling houses. It is more convenient to resell a house bought in full, and it is not bound by bank loans. Once the house price rises, it will change hands quickly and sell easily. Even if you don't want to sell, you can mortgage your house to the bank and get a loan with low interest rate and high amount when you need a lot of liquidity.
4. Risk aspect
The risk of buying a house by loan is also relatively small, because mortgage loans are loans from banks to buy a house. In addition to buyers concerned about the quality of the house, the bank will also review it, so that the insurance for buying a house will be improved. As far as most auction properties are concerned, buyers who choose one-time payment will increase the risk of buying a house.
There is no bank participation in buying a house in full, and real estate assessment relies entirely on the buyers themselves. If buyers don't know much about this, it is easy to buy a house that is easy to depreciate. In addition, if you choose one-time payment, each building will require buyers to pay the full house price in the pre-sale stage and sign a commercial housing sales contract. However, in exchange,