What do you mean by approving the new house?

New house subscription is called subscription fund, sincerity fund, VIP number and so on. This kind of behavior generally occurs when the real estate does not get the pre-sale permit, that is, the developer does not have the conditions to sell the house and cannot sell the house to the buyers. There is a risk that the developer can get the pre-sale permit. If this subscription is paid, the developer can't get the pre-sale permit because of his own problems, and the money paid by the buyers is very risky.

Procurement approval process

1. First of all, consumers go to the developer to fill in their personal data, and after paying a large sum of earnest money, they will get a VIP card, a VIP passport, a VIP consumption card or a subscription card. After obtaining these certificates, consumers are eligible for recognition. However, the number of consumers who are often eligible to raise funds will far exceed the number of houses actually launched in the real estate market.

2. Then there is the so-called solution. Generally, developers begin to solve the problem after obtaining the pre-sale qualification. When the number of subscribed houses exceeds the actual number of saleable houses, developers generally draw lots to draw people who can choose houses from the consumers who have subscribed.

3. The selected house-chooser needs to uniformly choose the house number and pay the down payment, sign a subscription book or a pre-sale contract, and sign a subscription contract with the developer after picking the house number. Then sign the "Pre-sale Contract" or "Real Estate Sales Contract".

Can I get a refund of the money I bought?

1. The subscription funds are different from the house deposit. When property buyers have no favorite house in the property, they can ask the developer to refund the subscription money in full. Because there is no contract for subscription funds to pay, this part of the money has no legal effect.

2. Since it is not a down payment, if the buyer fails to choose the ideal house, the developer will refund the "subscription money" to the buyer in full. However, when subscribing and signing housing contracts, buyers need to be cautious. They should read each clause carefully to see if their interests are protected.

3. The housing contract also needs to be carefully checked to see if there is an agreement on subscription funds. For example, some developers will stipulate in the contract that when buyers decide not to buy a house, the subscription money will not be refunded. The other is to convert the subscription money into deposits. If this is the case, it cannot be refunded, because the deposit has certain legal effect.