Recently, some customers have sent me an inquiry, asking me whether it is better to sell a house or a mortgage to raise funds, and I think there are pros and cons to both methods, and you should choose the one that suits you. Today, I will introduce these two methods in detail, and you can choose them based on your specific situation.
Current Situation:
Recently, Beijing's second-hand housing transactions in November have been released, with a total of 12,545 online signatures, 17 more than 10,653 in October8%, on the whole, the current second-hand housing market listing is still at a historical high.
And now the interest rate of the mortgage loan has also come to a very low point, and the minimum annual interest rate can be 25%, and some high-tech enterprises can even do 1The annual interest rate is around 9%. 2.With an interest rate of 5%, there are few other loans on the market that can reach this rate except for mortgages.
Second-hand housing ** process:
1.Contact a real estate agent to conduct a market appraisal of the home
2.Simply clean and decorate the house to make it as beautiful as possible
3.Material review, house inspection
4.Netsign
5.Negotiate the price and negotiate with the intended customer
6.Reach an intention and sign a letter of intent contract or purchase agreement with the buyer
7.Handle the transfer procedures, pay the intermediary fee and taxes, etc
8.Pay the final payment
Mortgage Loan Process:
1.Interview
Prepare personal and company information, as well as the purpose of the loan.
2.Bank appraisal
Make an appraisal of the house.
3.Lower household
The bank inspects the collateral and the company on the spot.
4.Loan approval
Do not apply for other loans during the approval period to ensure that the credit investigation is not overdue.
5.Issuance of a credit letter
The bank will issue specific quotas, tenures, interest rates, etc.
6.Arrived
Go to the real estate registration center to register the mortgage
7.Loans
Comparison of handling processes:
Second-hand housing ** generally takes 2-3 months, unless it is a high-quality property with a very good location, otherwise it is common to be listed for half a year and not be sold. Therefore, from the perspective of the handling process and the current environment, the second-hand housing ** obviously takes more time, the processing period is longer, and the money is slow.
In general, it takes 10-15 working days to process the mortgage as a whole, and it generally takes 2-3 months to sell a house. Therefore, if you are a friend who is in urgent need of funds, it is more appropriate to choose a mortgage.
Selling a house:
Selling a home can raise a lot of money, and selling a property can be a good option if you need money for other investments or living expenses in the long term. In addition, you can also get a one-time income by selling the house, and get rid of follow-up maintenance, management and other problems.
Also be aware of the drawbacks when considering selling your home. The first is the uncertainty of the market**, where house price fluctuations can cause you to not get the expected yield when you sell your property. At present, the second-hand housing market is generally falling, the number of listings is large, buyers are waiting, it is becoming more and more difficult to sell houses, and it takes a long time. In addition, if you need to buy a new home after selling your home, you may face issues such as the impact of market supply and demand, as well as the cost of buying a new home. Therefore, you need to carefully weigh the benefits when choosing to sell your home.
The above is a detailed introduction to the mortgage loan and the seller, I hope my article will be helpful to you, I have been engaged in the financial loan industry for more than 8 years, if you have any questions about the loan, please leave a message in the comment area, or feel free to consult, thank you for your support.
Home mortgages