The seller's account may not be the account of this bank, but it can't be directly credited to the seller's account, because the second-hand housing loan needs fund supervision now.

According to China Economic Net, during the transaction, after signing the second-hand housing transaction contract, both parties can directly go to the fund supervision window of the district real estate transaction center to sign a fund supervision agreement. The buyer needs to transfer the funds into the special fund supervision account opened in the bank after registration and filing.

After both parties to the transaction go through the registration and transfer approval procedures (that is, the buyer obtains the house ownership and real estate license), the supervised house purchase money will be paid to the seller through the supervision special account. The whole payment process is strictly in accordance with the online signing contract, which limits the owner's arbitrary price jump.

Fund supervision is a guarantee system in second-hand housing transactions, and it is not mandatory. Buyers and sellers of second-hand houses can use them as needed. The most vivid example is Alipay when buying and selling goods.

Extended data

The purpose and benefit of fund supervision:

If there are still outstanding loans in the second-hand housing transaction, the seller wants to use the buyer's down payment to pay off the loan, release 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 supervision.

Fund supervision is to keep 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, the down payment of the buyer in the above circumstances can only be used to pay off the last loan to ensure the smooth and safe transaction process.

Under the fund supervision mode, after the buyers and sellers complete the transfer formalities in the trading center, the bank can transfer the loan applied by the buyer to the fund supervision account with the receipt of the real estate license and mortgage certificate issued by the trading center, and the fund supervision account will be transferred to the seller's account after being audited and registered in the trading center, which shortens the loan lending process.

China Economic Net-Experts talk about the "full supervision" of Shanghai pilot second-hand housing funds: the general trend