In the past, when buying a house, the house price would fall for ten months in a row (according to statistics, as of September 2022, new houses and second-hand houses in 70 large and medium-sized cities in China had fallen for 13 months in a row), which was definitely unexpected at that time.
To sum up, the current handling principles are actually the following three. After all, there is no more choice, and several evils are taken lightly:
1. Be prepared for long-term holding.
Don't have the impulse to sell the house, realize it in the current market. Nowadays, many landlords have herd mentality, and feel that the house price has fallen, and everyone wants to sell, which is prone to "price stampede", leading to competitive price reduction and turning their "floating loss" into a real loss.
On the other hand, even if the price is reduced now, not many people will buy it. The current market is basically a wait-and-see mood. People who buy a house want to wait until the house price drops a little, and people who sell a house fall into a vicious circle of price reduction-the waiting period for listing is extended.
Therefore, we must be calm about buying a house at a high point and halfway up the mountain. Real estate has a cycle, so it can't last for a long time, and it is unlikely to collapse.
After all, the degree of binding between real estate and finance and entities is too deep. Once it collapses, the systemic financial risk will be very high. At that time, even banknotes could become waste paper, and food and meat had to be carried to the vegetable market in sacks. Because the house has no "reservoir" function, the pool will overflow, which will inevitably affect consumption and prices.
Therefore, only wait until the next cycle, when the real estate returns to the upward stage, then consider selling it, which may be three years, five years, or 10 years, and make preparations for holding it for a long time, so as to minimize the monthly payment, increase revenue and reduce expenditure, and stabilize income.
2. Rent it out as much as possible.
Maximum stop loss, on the one hand, don't sell it easily, so that the floating loss becomes a real loss, on the other hand, try to reduce the investment in this house, such as turning commercial loans into provident fund loans, such as extending the repayment period, or renting out the house to rent and raise loans.
Of course, there are not a few people who have this idea now, so the price competition in the rental market is fierce. Moreover, due to masks, many renters in large and medium-sized cities have returned to their hometowns, and the market is also oversupply.
Rent reduction doesn't matter. It is also important to shorten the vacant period of the house as much as possible and make up for the loss of monthly payment with rent. After all, flies and mosquitoes are meat in bad years.
Step 3 throw at the rally
Pay close attention to the transaction dynamics of second-hand houses in surrounding communities at any time, and when the price recovers to a certain extent, it can be sold on rallies, but it takes a period and process, and it is estimated that there will not be much improvement in the short term.
But the attention cannot be reduced. It is a truth that you don't manage money and money ignores you. Sometimes, information represents value and is also very important.
For example, new subways should be built near houses, such as new parks and new municipal planning. These are the selling points of house appreciation. I sold the house at a low price without paying attention. Not long after the final sale, the surrounding house prices rose sharply, and the loss was too great. You will regret it.
In a word, the present situation is most suitable for changing with the same, and don't operate indiscriminately. Even wild animals know that in the winter when food is scarce, they should find a place to hide and hibernate to avoid the consumption of activities, and the same is true for defending wealth.
After all, real estate is an asset with two sides. Even if the asset attribute can't be realized well, at least it can survive. In addition to living by yourself, you can rent it to others. Take your house seriously, take your wealth seriously, and it will repay you in due course.
Is it a loss to buy a second-hand house less than 2 years old?
The real estate market in first-and second-tier cities is good, especially second-hand houses, which are very popular with consumers. But is it a loss to buy a second-hand house less than 2 years old? This makes some users who have never bought a house have doubts. In order to avoid being cheated in the sale of second-hand houses, we should pay attention to buying a suitable house.
1, sell more for one room.
Because there will be a long time from buying a house to waiting for the transfer, it will increase the risk of real estate transactions, which will seriously lead to selling more than one room. According to the law, in the case of one house and two sales, it is not who owns the house after signing the contract first, but who owns the house first. Therefore, even if the house sales contract is signed and notarized, and the seller resells the house to others and the house is owned by others, the original buyer can only ask the seller to bear the liability for breach of contract.
2. Default risk
The property right of the deferred house belongs to the original owner, which is easily affected by the change of house price, leading to default. If the house price rises too much, the original owner may prefer to pay liquidated damages rather than handle the transfer. The liquidated damages paid by the owners are far less than the increase in house prices, and the losses are very large. If house prices fall too much, buyers will also have ideas, preferring to give up the deposit or part of the purchase price rather than continue to perform.
3. The seller mortgages the loan with the house.
During the validity period of the contract, if the seller has financial problems, it is not excluded that he takes the house property certificate to mortgage the loan. If it is the agreed transfer time, the loan has not been paid off, and the house is still mortgaged, it cannot be transferred.
4. The house was sealed up.
While waiting for the transfer, the property ownership still belongs to the original owner, so during this period, if there are some economic disputes between the owners, the property may be sealed up. At the same time, once the seller is sued to the court for other debts, the court can seal up the property, and then the property will not be able to avoid the risk of being auctioned.
5. Death of the property owner
After the buyer and the seller sign the second-hand house transaction contract, if the seller dies, the buyer should look for multiple heirs of the seller one by one, and register the house inheritance first, and then register the house property right transfer. In this process, it is not ruled out that there will be heirs sitting on the ground, and buyers will have to endure additional expenses and cumbersome notarization transfer procedures.