Normal transaction transfer: It is applicable to the sale and purchase of second-hand houses, and after the two parties reach an agreement, the transfer procedures will be handled through the real estate transaction center. This method requires both parties to provide relevant materials such as proof of identity, house ownership certificate, and sales contract. Closing costs are based on property appraisal** and local policies.
Gift Transfer: Applies to the transfer of property between immediate family members or legal heirs. The transfer of ownership by gift requires both parties to sign a gift contract and go through the transfer procedures at the real estate registration agency. The tax on the transfer of ownership is relatively low, but the donor needs to ensure that the gift complies with the relevant legal provisions.
Inheritance Transfer: Applicable to the transfer of real estate after the death of the property owner. The heirs need to provide death certificates, wills (if any), kinship certificates and other materials, and go to the real estate registration agency to go through the transfer procedures. Taxes and fees for inheritance transfer vary by region, so please check with your local authorities.
Taking the normal transaction transfer as an example, Mr. Zhang purchased a second-hand house and signed a purchase contract with Ms. Li. Before the transfer, both parties need to prepare the following materials: identity certificate, house ownership certificate, house purchase contract, house appraisal report, etc. Both parties bring these materials to the local real estate transaction center to go through the transfer procedures. After submitting the materials, CFETS will review the authenticity and completeness of the materials, and if there are no problems, it will arrange for both parties to sign a formal transfer contract. Subsequently, Mr. Zhang needs to pay the transfer fee (including deed tax, personal income tax, etc.), and after the payment is completed, the trading center will handle the registration of the property right change, and Mr. Zhang can obtain a new house ownership certificate.
Legal Considerations.
When choosing a transfer method, it is important to ensure that it complies with the provisions of relevant laws and regulations to avoid failure of transfer or legal disputes due to illegal acts.
Before signing a purchase contract, the property rights should be fully investigated to ensure that the property rights are clear and free of disputes. At the same time, understand the policies and tax standards of the location of the house so that you can arrange the transaction and transfer plan reasonably.
When going through the transfer procedures, it is necessary to provide true and complete materials to ensure the authenticity and legitimacy of the transaction. If there is false information or concealment of facts, it may lead to the failure of the transfer or legal liability.
When paying the closing fee, you should pay attention to checking the details and amount of the fee to ensure that the payment is correct. If you have any doubts or find any abnormal situation, you should consult or report to the relevant departments in time.
After the completion of the transfer, it is important to keep the new house ownership certificate and related documents properly so that it can provide a basis for future procedures or property disputes.
Conveyancing is an important part of a real estate transaction, and choosing the right transfer method and understanding the process is crucial to protect your rights and interests.