The process of buying and selling a house is a legal factor you always have to learn in the process of buying and selling real estate.
So, in the process of choosing to buy a home, what issues should you keep in mind?
What are the procedures for buying and selling real estate ? What is the difference between buying and selling real estate with pink book and no book?
Let’s find out more about these issues through the sharing below!
When choosing to buy a home, what issues should you keep in mind?
To buy a home quickly and efficiently, please refer to the following issues:
1. Buying a house should be based on financial ability
Real estate is one of the most valuable assets. Therefore, you should buy a house based on your financial ability and income. Do not buy a house based on emotions, especially when buying a house on installments.
You need to clearly determine the financial ability of your family to choose the right house. If you buy a house with installment payments, you must carefully calculate your ability to pay each month. Thus, buying a house will not affect the installment process and quality of life in the future.
In addition to the money to buy a house, you need to balance other expenses, if any. In particular, the costs of interior and exterior decoration, repair, brokerage fees… If you don’t calculate carefully, you can easily encounter cases that arise out of the original budget.
2. The location factor should not be ignored
The location of the house will always affect its price. If you do not have money, you should choose houses in the suburbs. Because housing prices in the central area will always be more expensive.
When choosing to buy a house, you should choose a location that is convenient for your move. From home can help you conveniently go to work, school, to the surrounding utility areas. In particular, you should consider moving traffic factors to avoid traffic jams and traffic jams.
The living environment around the area also needs to be carefully observed. You should choose an area with a stable security situation to ensure safety. In general, the location of your home and surroundings will affect your quality of life later in life.
3. Real estate needs to have all real estate documents
The procedure of buying and selling real estate with red books and pink books will help your buying and selling process be faster. Real estate documents are also a factor to help you ensure legality and avoid the risk of disputes. Therefore, you should ask the seller to provide you with the necessary paperwork to check.
The current situation of fake documents is not unprecedented. Therefore, you need to be careful in the process of checking documents, especially for first-time buyers. If you are inexperienced, ask someone with more experience in buying and selling real estate to check.
4. Procedures for buying a house need to learn about planning information in advance
In order to buy a house effectively and avoid risks later, you should carefully learn the information about land and project planning. That is, you should check if the house you want to buy is in any planning project? Because if you stick to the planning, you will not be allowed to transfer, buy and sell, cannot transfer the name of the paper.
Normally, it will be difficult for you to look up planning information in the red book or even at the notary office. Sometimes the seller or even the broker will not give you the information. Or, even the seller himself does not have accurate information on this matter.
To check the planning information, you can go to the local office or the land registration office of the district where the house is located. Besides, you can find out through neighbors around the housing area. The above forms also help you find out if the real estate has an element of dispute or not.
5. The house purchase and sale procedure must not ignore the home inspection factor
No matter how much you trust the seller, the element of home inspection before making a decision should not be overlooked. You should choose the time to see the house in the morning to observe more closely. In particular, please observe the house in the rainy season to see if the house is leaking, the road is flooded or not?…
Exterior exterior and interior interior need to be carefully examined and observed. How is the water system in the house? Is there a fire extinguisher in the house? The more you check, the more risks you can avoid after handing over your home.
What are the steps in the home buying and selling process?
To make the process of buying and selling a house quickly, please carefully study the following process
1. Procedures for buying and selling a house should discuss the purchase and sale contract carefully
Any transaction requires a purchase agreement. In particular, real estate is a large asset, so it is necessary to have a clear purchase and sale contract. To avoid risks, you should research carefully and ask more experienced people for advice.
Procedures for buying and selling real estate and contents required in the contract
- Personal information between seller and buyer
- House purchase price, deposit amount (if any), payment time
- Payment method is cash or bank transfer?
- Will the buyer or the seller pay taxes and do the paperwork related procedures?
- Time to hand over original documents? Who will be responsible for the transfer?
- When is the time to hand over the house?….
The contents of the purchase and sale need to be discussed carefully. If there is a clause in the contract that is unclear, you should ask and discuss it again
2. Buying and selling real estate needs to carefully prepare house documents
Preparing documents in advance will help both parties complete the house purchase and sale procedures faster. So, what kind of documents do the two sides usually have to prepare in advance?
Procedures for buying and selling a house and documents to be prepared
- Identity card or citizen identification
- Registration book
- Certificate of land use right
- Notice of payment of registration fee
In addition, the seller needs to have a single certificate or marriage certificate. Or, if it is a separate property of the seller, a separate property agreement – common between husband and wife is required. This advance preparation helps the notarization process to buy and sell houses faster.
3. Procedures for notarization of real estate purchase and sale
After signing the contract and notarizing the transfer at the notary office, the contract has become effective. Therefore, the two parties need to be careful when notarizing the contract and handing over documents and paying. Normally, the notary party will keep the contract until the two parties complete the payment process.
In addition, the house buying and selling procedures handwritten documents will make the notarization process of real estate sale and purchase more difficult. Therefore, you should research carefully before deciding to buy and sell a paper house. As for notary offices, look for reputable and professional offices to be most assured.
>>> Reference more: Feng shui housing – You need to know these 3 basic things!
With the above sharing, you will surely understand the house buying and selling procedures better. You will know the notes when choosing to buy a home as well as the buying and selling process.
Wish you quickly find a home you like and complete the purchase and sale process quickly!
Van Anh – Real Estate Information Analyst