Someone is giving away a house for free again! Do you dare to pick up such a benefit? Is it a pie or a trap?
In the past two years, the real estate situation has not been good, although first-tier cities such as Shanghai and Guangzhou have opened some purchase restrictions, but housing prices still cannot go up. So in various forums, there have been some people who have been delivering houses lately. Sounds like a huge bonus! Someone's house is given to you for nothing, but do you dare to eat this pie?
Let's start by saying that no one's money comes from the wind, so why would anyone want to give away the house they worked so hard to buy? In the past few years, for many third-, fourth- and fifth-tier cities in China, especially small counties, there are really many places where the housing prices are almost halved. Even in extreme cases, in some places, the house price is one-third of the original sales price.
One, a quarter.
This makes a considerable number of people who have previously bought houses tightly trapped, and even formed negative equity. What is negative equity? For example, you looked at a house three years ago, the total price of the house was 1 million, you made a down payment of 300,000 yuan, and you took out a loan of 700,000 yuan to buy it. In the past two years, many bank loans have been repaid one after another. But we also know that if you have a loan term of 30 years, the first few years will basically be interest, and the principal will not be repaid.
But unfortunately, the house price in this small county where you are located may fall from 1 million to 500,000, so troublesome. You now owe the bank a loan of nearly 700,000 yuan, 6560,000 yuan, and your house can only be sold for 500,000 yuan now. In other words, you are already a proper negative asset in the real estate issue, and the house has definitely become a chicken rib.
Especially if you take it to the second-hand market now to sell it, and after selling it for 500,000 yuan, you will pay off the bank loan, and you will still owe the bank nearly 200,000 yuan. Not only did you lose your down payment, but you also owed the bank a lot of money. So a lot of homeowners are very unwilling, they think, can I give the house away? How to send it? Of course, I can't get back the down payment on this house, and the house is completely for the next family.
Of course, this is conditional, that is, you have to help me repay the bank loan I owe, you don't have to repay hundreds of thousands of dollars at once, you just like me can pay off the monthly payment as rent every month. When it is all paid off, the house will be transferred to you naturally. And the homeowner can also sign this notarization agreement with you, because after all, you can't change your name until you pay off the house, which is what they call a free house.
It means that I lost all the down payment, I don't want it, my house is free for you, and you can't help me repay the loan. Do you think it's okay? Truth be told, if your house can be sold in the second-hand market, and the sale money is enough to cover the loan, or even have some left, then no one will give the house away for free. I have no money, isn't it good to sell the house? There's still some money left to come back.
It must have been because I couldn't afford the loan after I sold it, so I made this decision to give the house away. In other words, whoever takes the house will spend more than you would have spent on buying a house on the second-hand market. What might you have taken advantage of? You don't need to make a down payment, you can get the house by paying the monthly payment every month.
On the surface, you may not have the pressure to make this down payment, and you can just pay back some money every month. But in fact, the risk is quite large, on the one hand, the money you really pay is higher than the second-hand house, on the other hand, your house has not been transferred to your name, or the name of the person, although you signed a notarization agreement, but what if the future people regret it? What if he owes other foreign debts and the house is seized? What if the house price skyrockets in the future, and he turns his face and denies the person, and only returns your monthly payment?
So this kind of free house delivery looks like a pie on the surface, but in fact it can really be a big trap. Don't think you can pick up a big bargain, if you really want to receive this kind of free house, then you must think twice.