Is the subscription before or after the opening?

Subscription is before the opening. It is a sales strategy that every real estate will adopt at present. The length of time is determined according to the funds, construction period and customer reserve of each building. Therefore, even if some properties get pre-sale permits, they will be opened according to market conditions and customer reserves.

What is the subscription process?

The specific operation of subscription is roughly as follows.

1. First, the consumer goes to the developer to fill in personal data. After paying a large amount of "sincerity money", they will get a "certificate" with various names such as VIP card, VIP passport, VIP consumption card or subscription card.

After obtaining these "certificates", consumers are eligible for "recognition". However, the number of consumers who are often qualified to "recognize" will far exceed the number of houses actually launched by the real estate.

3. It is the so-called "solution" (general developers will start the "solution" after obtaining the pre-sale qualification). In the case that the number of "approved" houses exceeds the actual number of saleable houses, developers generally take the form of "drawing lots" to select people who can choose houses from the "approved" consumers.

4. Pay the down payment for the selected house with a unified house number, sign a subscription book or a pre-sale contract, and sign a subscription contract with the developer after selecting the house number. Then sign the "Pre-sale Contract" or "Real Estate Sales Contract".

What are the risks of buying a house?

1, subscription exceeded expectations. Prices will rise at any time: general properties will attract consumers to subscribe through discounts and other preferential ways, but developers generally will not announce the opening price. If the number of subscribers exceeds expectations, the developer will raise the price immediately.

2, the agreement is not clear that the refund is a problem: developers generally promise that the subscription funds can be refunded unconditionally without interest. However, some developers may stipulate in the subscription agreement that if property buyers no longer purchase houses for personal reasons in the future, the subscription funds will not be refunded.

3. It is difficult to get the money back if the house is not pre-sold: the real estate development cycle is long and risky. If developers run away, it is difficult for buyers to get back the subscription money.