Compared to first-hand house transactions, many aspects of second-hand house transactions are subject to evaluation, most commonly by a professional body appointed by the bank, when second-hand house mortgage loans are made. What, then, needs to be assessed in the second-hand room transaction? Please provide detailed information below with the shorter part of the chart。
I. What aspects of second-hand house transactions need to be assessed
A real estate assessment is required when the price of a used house is clearly too low. The price of the second-hand house transaction is related to the taxes and fees paid, and buyers and sellers often declare their transaction price to the real estate administration, which is understated and understated, in order to pay less. If the real estate administration believes that the price is clearly lower than the real estate value and the parties are unwilling to adjust, it entrusts specialized evaluation bodies with a certain qualification to evaluate the second-hand house of the transaction and to base their assessment on the payment of taxes。
2. The buyer and the seller need to be assessed if they deem it necessary. In order to determine a reasonable transaction price, the parties to the transaction may also commission an assessment firm to evaluate the transaction price as a reference. In general, both seller and buyer can determine the transaction price on their own, but if one or both parties have no concept of the price of the second-hand house in which the transaction is made, such as an outsider or an outsider, are not aware of the domestic or local real estate market, are not convinced of the offer or the assessment of the intermediary agency of the other party, they often have to commission an assessment on their own behalf or jointly by both parties to a qualified evaluation firm, and then refer to the evaluation price to determine the transaction price of both parties。
3. Real estate assessment is required when applying for mortgages. When applying to a bank for a mortgage on real estate, the collateral is secured by the mortgage. Some purchasers overstate the second-hand house transaction price in order to make less down payment, and higher than the real value would be a significant risk to the lending bank, so that banks would need to value the collateral's real estate in order to determine the collateral value. Some borrowers, in order to be able to make relatively smooth loans, confirm the value of the real estate they own and determine the amount of the loan they may receive, will also commission an assessment of their real estate value in advance. A borrower applying for a provident fund loan is required by the bank to conduct an assessment。
4. Real estate disputes may be subject to evaluation. For example, when a second-hand sale contract is concluded, a dispute arises between a party on the ground that the price is too high or too low to show equity, and one or both parties or an arbitral institution, or a court, may entrust a professional assessment body to evaluate the disputed real estate involved in the dispute to provide a reference basis for settlement of the dispute, such as agreement, conciliation, arbitration, litigation, etc。
Real estate assessment is required for real estate insurance. The real estate insurance assessment is divided into an assessment of the value of the insurance and an assessment of the extent to which the accident or loss occurred when the real estate was insured。
These are five cases of second-hand house transactions requiring price assessment. So, what should the reader be most interested in, or what are the main considerations of, the assessment, after knowing what needs to be assessed?
What are the main considerations in assessing second-hand house transactions?
It is well known that there are two factors that affect the price of second-hand houses: the regional and individual factors for housing. The assessment of second-hand houses is mainly based on the market comparison method, so it is mainly a comparative revision of the situation in these two areas。
(i) regional considerations. Regional factorsSecond-hand room assessmentThis has played a major role in determining housing prices. What are the main regional factors
1. The maturity of infrastructure and public goods;
2. The ease of travel, the ease of shopping, recreation, the green rate of the environment of the communities where the property is located, such as small areas, and the management of the property;
3. The human environment, such as the composition of the population in the sub-region, the quality of the personnel and the surrounding security situation。
(ii) individual factors. Individual factors refer mainly to the structure of the property, the type of house, etc. Specifically:
1 houses are structured differently, with different prices and years of use, which, of course, affect the price of the house;
2. The direction of the house, the opening of the house, the rational distribution of the area, and the lighting of the room must also be taken into account whether the distance between the block and the building is wide。
3. The length of the life of the house and its maintenance, whether there are any cracks in the house and the quality of water seepage。
After a period of time, used houses may suffer some damage, so the price is certainly not as good as the new ones. At this point, however, the price of a specific used house would have to be assessed professionally, otherwise it would be unfair for both parties to the transaction. With regard to what needs to be assessed in the second-hand room transaction, this is where we hope to find it. You can consult a legal lawyer。
