Now that houses are expensive, people have to think about buying one for a long time. In this context, developers can only think of other ways to recover their payments quickly, and this is one of the original reasons for the birth of off-plan properties. Today let's learn Xi what is off-plan property? What is the difference between off-plan and existing property?
1. What is off-plan.
Off-plan housing refers to the sale of a house by a developer to a buyer during the construction process without it being fully completed. When buying an off-plan property, buyers need to pay a certain amount of down payment and then pay the rest of the price after the house is completed. The ** of off-plan housing is usually cheaper than the existing house, but there are also certain risks associated with buying off-plan housing, such as the developer's inability to deliver the house on time, housing quality problems, etc.
2. What is the difference between off-plan and existing housing.
Difference Between Off-plan and Existing Property:
1. Definitions. Off-plan housing refers to the sale of a house by a developer in an unfinished housing project, and the buyer needs to pay a certain deposit or down payment at the time of purchase, and wait until the house is completed to pay the remaining payment. Existing homes are those that have been built and can be delivered immediately.
2. Off-plan housing is usually cheaper than existing housing, because buyers need to bear certain risks, such as the developer cannot deliver the house on time or the quality of the house does not meet the requirements. Existing homes** are relatively high because buyers can move in immediately without risk.
3. Delivery time.
Off-plan homes need to wait until the house is completed before they can be delivered, while existing homes can be delivered immediately. Buyers who buy off-plan properties need to wait for a while before they can move in, which may not be very convenient for those who are in dire need of housing.
4. The process of buying a house.
A pre-sale contract is required to purchase an off-plan property, while a pre-sale contract is required to purchase an existing home. The content and requirements of the pre-sale contract and the current sale contract are also different.
5. Qualifications for buying a house.
Buying off-plan housing needs to meet certain eligibility requirements, such as buyers need to have certain social security or tax records. Buying an existing home does not have these restrictions.
6. How to buy a house.
The purchase of off-plan properties usually needs to be done through a developer or agency, while the purchase of an existing property can be done through a real estate agent or personal transfer.
In general, off-plan and existing homes have their own advantages and disadvantages, and buyers need to choose the right way to buy a house according to their actual situation and needs.
The above is the question "What is off-plan?" What is the difference between off-plan housing and existing housing", I hope to answer the doubts in everyone's minds, and for more real estate-related knowledge, you can pay attention to the good housing network.