1. What are the characteristics of buying a house in full?
when buying a house in full, the purchase process is simple; In addition, if the house is not mortgaged, it will be easier to sell it later.
1. Can you get a discount
Although you pay a lot of money for the first time, from the total amount of money for buying a house, you can avoid all kinds of handling fees and bank interest. Moreover, one-time payment can bargain with the seller or developer to further save the purchase price.
developers of new houses or sellers of second-hand houses will give certain discounts for one-time payment. As far as new houses are concerned, if you buy a house with a total price of 1 million yuan, the developer will give you a discount of 3% (that is, 97% discount) if you pay in one lump sum, and this alone can save 3, yuan in housing purchase expenses.
2. The process is simple
To buy a house in full, you only need to sign a house purchase contract with the seller, and you don't need to go through the process and sign a contract with the bank, so it is time-saving and convenient. Especially for people who buy two properties, buying a house in full saves the expense of floating loan interest rates, and they don't have to spend time and energy dealing with banks.
3. Easy to sell
From a new point of view, it is more convenient to buy a house in full and then sell it, without being bound by bank loans. Once the house price rises, it will be quick to cash in and easy to quit. Even if you don't want to sell, you can mortgage your house to the bank when you have financial difficulties.
4. The pressure of buying a house is high
Buying a house in full at one time will become a big burden for buyers with weak economic foundation. If it is not well-funded, the investment in one-time house purchase is too large, which may affect other buyers.
5. There are risks
After the buyer pays in one lump sum and signs the Commercial Housing Sales Contract, it is difficult to file the property if it is a project that has not obtained five certificates. At present, many pre-sale properties have the problem of incomplete five certificates. Although the sales staff promised to complete the formalities within a certain period of time, it is full of unknown variables for the buyers, which may lead to the risk of buying a house.
6. Account for capital
If the buyers can make more money by using the cash left in their hands and reasonable financial management strategies, there is no need to buy a house in full. Wealth management income can cover loan expenses, and it is more convenient to keep cash in hand once funds are needed.
second, what should I consider when buying a house with a loan?
Loaning to buy a house costs less for the borrower, so the funds are more flexible. However, the process of buying a house is complicated, the house is mortgaged, and it is complicated when it is sold again.
1. Less investment
Borrowing money from the bank to buy a house can buy your own house without spending a lot of money at once, so the first advantage of buying a house with a loan is that you can buy a house with less money.
2. Living with funds
Loan buyers can separate the funds, for example, they can rent a house with a loan to support the loan, and then go to other projects, so that the use of funds is more flexible. Even home buyers have reduced the pressure of raising large sums of money at one time.
3. Low risk
Mortgage loan is to borrow money from the bank to buy a house, and the bank will also review the value of the house and whether it is mortgaged or not. In this way, the insurance of buying a house will be improved.
4. Heavy debts
If you buy a house with a loan, the purchaser will bear part of the interest cost.
5. The process is complicated
The procedures for buying a house by loan are more complicated than buying a house in full, provident fund loans are more complicated than commercial loans, and portfolio loans are more complicated than provident fund loans. If the bank loan amount is tight, the approval will be stricter, the approval process will slow down, and the process and timeliness will be further lengthened.
6. It is not easy to sell
Because the loan is obtained with the property itself as collateral, there will be more obstacles when the house is resold than when the house is purchased in full, which is not conducive to the delisting of buyers.