What the hell is fund supervision? Must the supervision right of the house payment be handed over to the intermediary?

Recently, some property buyers asked whether it is necessary to supervise the funds when buying second-hand houses. Is it reasonable to hand over the money for fund supervision to the intermediary? Fund supervision is one of the ways to protect rights and prevent risks, and money does not have to be handed over to the intermediary.

What is fund supervision?

Fund supervision means that the transaction funds of buyers and sellers are not directly transferred through brokerage companies, but through the "special account" for fund supervision opened by the real estate administrative department in conjunction with banks and institutions with guarantee qualifications, which belongs to banks. When the property buyer transfers the ownership within the specified time limit, the funds will be transferred to the original owner's account, otherwise it will be transferred to the property buyer's account. Therefore, fund supervision requires buyers and sellers to open accounts in the supervision bank, which is the main body of fund supervision, so as to ensure the safety of trading funds of buyers and sellers and safeguard the rights and interests of buyers and sellers.

Why should second-hand houses be supervised by funds?

In the process of buying and selling second-hand houses, it usually takes 1 to 3 months from the signing of the sales contract between the buyer and the seller to the completion of the real estate transaction. In real estate transactions, there is a problem of "paying the house first or transferring the ownership first". Only by adopting two ways of fund supervision and fund custody can we really ensure the security of second-hand housing transaction funds. In these two modes, the funds are frozen through the special account of the bank, and no one else can use the funds without the agreed authorization of the buyer and the seller. In addition, other housing payment delivery modes will make the transfer of funds have certain risks.

What funds need to be supervised?

All the money shown on the online signing form, except loans, must be deposited into the supervision account for fund supervision. For example, if the purchase price is 6,543,800 yuan and the loan is 600,000 yuan, the remaining 400,000 yuan should be supervised. There is no clear time limit for the buyer to deposit the funds in the bank, and the buyers and sellers of second-hand houses only need to complete the supervision of the funds before the transfer.

How do you know that your fund supervision is successful when you buy a house?

After the online signing is completed and the online signing agreement is generated, the supervision agreement will be generated according to the bank selected by the buyer and the seller, including the supervision account number and account name.

Therefore, buyers and sellers of second-hand houses must first negotiate to choose the same bank to open an account. Although there are no restrictions on the specific bank account opening outlets, the fund supervision business can only be handled in four designated branches.

According to the contents given in the supervision agreement, the buyer can transfer funds to the designated bank through the account name and online sign number. After the supervision is successful, the buyer will receive a transfer receipt as the basis.

As for the questions raised by some netizens, must the fund supervision be handed over to the intermediary?

In fact, the supervision of funds is carried out by designated banks, and the intermediary is only assisting. Although many intermediaries have begun to provide fund supervision services, there are hidden dangers in the fund supervision of intermediaries, which will lead to the risk of misappropriation of funds.

You can think about it, the transaction process information of second-hand houses is in the hands of intermediaries, and the transaction funds are supervised by them. When to pay the down payment, when to apply for a loan, when to pay the final payment, and officially transfer the ownership, they are all in their hands, which is unreasonable.

When can I get the supervision funds for selling houses?

Only after the buyer pays all the online signing funds to the supervision account can the buyer and the seller handle the house transfer registration. If the fund supervision is completed in the morning, the transfer can be made in the afternoon of the same day; If you supervise the funds that afternoon, you can transfer the money the next day.

After the implementation of fund supervision, the housing construction Committee system and the banking system have been connected. After the house is transferred, the bank will pay the seller within 24 hours, so the seller doesn't have to go to the bank alone, just wait for the bank to pay the money on his card. If you need to know in time, you can open the SMS prompt at the same time when you open the card, and there will be an entry prompt when the house payment arrives.

(The above answers were published on 20 16-03- 17. The current purchase policy should be based on the actual situation. )

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