Everyone should often encounter situations in their daily lives where they need to pay a deposit. It is very common to pay a deposit for a house. Although it is very common to pay a deposit for a house, it is not something that can be paid casually. , there are often some disputes over the deposit for buying a house, so everyone still needs to pay attention to it. So what should you pay attention to when paying the deposit for buying a house? When should you pay the down payment after paying the deposit for buying a house?

1. What should you pay attention to when paying a deposit when buying a house?

1. Don’t pay the deposit easily during the process of buying a house. Because it is not necessary to pay a deposit before signing a commercial housing sales contract. In fact, if the buyer and seller reach an agreement through negotiation, they can directly sign a commercial housing sales contract. In this way, even if the commercial housing sales contract fails to be signed, the home buyer will not suffer too much loss.

2. If the nature of the amount in the agreement is not clear and the word deposit is not written, disputes may easily arise; the advance payment, liquidated damages and deposit agreed in the agreement cannot be confused. If it is written as deposit, advance payment, Subscription money, earnest money, etc., if the terms of the agreement do not clearly stipulate that they are in the nature of deposits, they will have no legal effect.

3. The amount of the deposit must be within 20% of the transaction value of the house. The excess is not protected by law. The amount of the deposit must be determined by both parties through negotiation. If the amount of the deposit is agreed too high, the damage compensation obtained by the non-defaulting party may be excessively higher than its actual loss; if the amount of the deposit is agreed too low, it will not be able to guarantee the performance of the contract.

4. If the house itself cannot be traded, the deposit will easily be wasted, so be sure to confirm the nature of the property. If it is an off-plan house, you need to ask the developer to produce a pre-sale license. If it is an existing house, you need to ask the developer to produce a real estate certificate.

2. When to pay the down payment after paying a deposit for buying a house

Generally, you need to pay a deposit to subscribe to the developer's property, and pay the first installment within 7 days after signing the subscription agreement, and at the same time sign the "Commercial Housing" Sales Contract", at this time, the subscription agreement is invalid. After you submit all the required materials for the mortgage, apply for a mortgage loan from the bank. If the bank approves it and signs a "Mortgage Loan Contract" with you, the loan can be put down. Monthly payments will begin one month after the loan is put down.

The down payment for an off-plan house when signing a contract and taking over the house is usually after paying the deposit and when the property is handed over to the developer.