What does unfinished building mean?

What to do if you buy an unfinished building. When buying a house, be careful when buying an unfinished building.

The more "hot" the market is, the more cautious home buyers should be. Be careful when you are in a hurry. Next time, I accidentally bought a "bad house". To understand in detail, you must know what the definition of an unfinished building is, what to do after buying an unfinished building, and how to protect your legitimate rights and interests. I will answer them one by one for you. What are unfinished properties? The so-called "unfinished properties" refer to those properties that due to lack of funds by developers have blindly launched projects and the total development supply exceeds demand, resulting in large areas of vacancy. It is impossible to recover the initial investment and is unable to carry out subsequent construction until the final funds are available. The backlog of buildings that are not repaying their debts and are completely stagnant are often called "ghost buildings". Reasons for the formation of unfinished buildings There are many reasons for the formation of unfinished buildings, such as: the developer of the property under construction goes bankrupt, lack of construction funds, the project involves economic disputes, the developer violates laws and regulations, leading to the suspension of the project, etc. Most of this is because the capital chain is broken, the project is not completed, the developer can no longer come up with the money, the bank is unwilling to continue to lend, and the project cannot be transferred to other investors. The project has no choice but to be left unfinished under the scorching sun. Wind and rain. There are many such examples, and the disposal of unfinished buildings has become a long-term "heart problem" for local governments. (1) Real estate in some areas is overheated. After macro-control, credit funds have shrunk, and follow-up funds for projects cannot keep up, so they have to cancel the project. For example, most of the unfinished buildings in Hainan, Beihai and other places are the sequelae of the real estate overheating in some areas in 1993. At that time, the growth rate of real estate investment was much higher than the growth rate of sales, and a large proportion of it was the result of blind investment and speculation in land and projects. (2) Due to the drastic changes in the international economic environment, the source of funds was cut off and work was forced to stop. For example, most of the unfinished buildings in Shanghai were formed during the Southeast Asian financial crisis in 1997. (3) Market positioning is inaccurate and bleak sales prospects force investors to "change course" and stop work for changes. For example, a certain unfinished building located in Xinjiekou, downtown Nanjing, was built over and over again within ten years. An important reason was the lack of understanding of product positioning and market risks when making investment decisions. (4) Work was forced to stop due to poor construction quality. An unfinished building in Wenzhou City is located in the center of the city where land is at a premium. It took more than 8 years to complete but was never completed. Due to serious quality problems, it had to be demolished by blasting. There are no restrictions on the types of unfinished houses. Whether they are high-end apartments, office buildings, villas or ordinary commercial housing, the same possibilities exist. Therefore, it is very necessary and important for investment home buyers to have a detailed understanding of the overall strength of the project developer, correctly judge the market supply and demand situation, and grasp the dynamics of the country's political and economic environment. In particular, the current surge in the number of various housing listings should enable us to make accurate analysis and judgments on market demand. This is because "unfinished business" does not happen when buying real estate. This phenomenon appears slowly and step by step over a period of time. It is not easy for people to discover, but when it is discovered, it is too late. . You should be more cautious when purchasing off-plan housing projects. You must comprehensively examine all the factors that cause "unfinished property" and eliminate them before paying for the house, so as to avoid buying an "unfinished property" and causing the home buyer to suffer huge financial losses. Recommended reading: Various real estate companies have begun to seize the opportunity for new projects in the Jinjiu real estate market. Prices continue to rise. The real estate market continues to heat up. In the first half of the year, the four major real estate companies in the Mainland have "sold more than 1 billion per day" during the "Golden Nine and Silver Ten". The national real estate market is optimistic about real estate companies recruiting people to buy unfinished properties in Weifang's real estate market. How to avoid the trap of "unfinished buildings" when you keep buying a house

Buying a house is a major event in life, what does an unfinished building mean?

You need to be cautious when buying a house, after all, it is a large amount. In order to avoid buying an unfinished building, I have the following suggestions for you. If it is not complete, you can add some more; 1. It is best to buy an existing house when buying a house. You can live in it immediately, so you don’t have to worry about the developer’s unfinished building; 2. 1. Choose a large and powerful developer. If you have strong funds, you will not be afraid that the developer will eventually have no money to build a house and the project will be unfinished. 3. Check whether the house has been mortgaged: the property rights of the final house are particularly important to home buyers. Industry insiders remind that when buying a second-hand house, you must first determine whether the sales procedures and property rights of the house are clear, and whether it has been mortgaged by a bank.

Before purchasing, you must first confirm with the seller whether the house has a title certificate and a sales license; then find out whether the house is mortgaged. If there is a mortgage, you must find out the mortgage period and how to release the mortgage; if it is an auction house, you should clarify the property transfer procedures. Whether it has been processed, etc.; 4. When buying a house off-plan, try not to make a one-time payment, and negotiate with the developer to pay according to the progress of the property; 5. When buying a house, you need to see the developer’s five certificates and whether there is a pre-sale license; the above is how to avoid buying a bad house. I hope you will pay more attention to the following points about the final house and buy the house of your dreams.

Please briefly explain what is unfinished real estate?

1. The developer violated regulations, broke the law, and went bankrupt. 2. Debt disputes.

3. Project quality.

4. Property rights disputes.

Any project that is suspended for more than a year due to other reasons is called an unfinished building.

ps: Why do you have so many questions?

What exactly does "unfinished housing" mean?

An unfinished building refers to a real estate project that has gone through the land use and planning procedures and has been suspended for more than one year after the project started because the developer was unable to continue investment and construction or fell into debt disputes. This is usually due to lack of actual review of real estate project approvals and lack of project funds for real estate projects that fail to be completed. In addition, there are also projects that have been suspended due to disputes over property rights, substandard construction quality, etc., which are also considered unfinished buildings.

There are many reasons for the formation of unfinished buildings, such as: the developer of the property under construction goes bankrupt, lack of construction funds, the project involves economic disputes, the developer violates laws and regulations, causing the project to be suspended, etc. Most of this is because the capital chain is broken, the project is not completed, the developer can no longer come up with the money, the bank is unwilling to continue to lend, and the project cannot be transferred to other investors. The project has no choice but to be left unfinished under the scorching sun. Wind and rain. There are many such examples, and the disposal of unfinished buildings has become a long-term "heart problem" for local governments.

What are the reasons for the formation of unfinished buildings?

Unfinished buildings refer to those buildings that are blindly launched due to lack of funds by developers, and the total development supply exceeds demand, resulting in large area The backlog of buildings that are vacant, unable to recoup initial investment, and unable to carry out subsequent construction until they are finally insolvent and completely stagnant are often called "ghost buildings." Reasons for the formation of unfinished buildings There are many reasons for the formation of unfinished buildings, such as: the developer of the property under construction goes bankrupt, lack of construction funds, the project involves economic disputes, the developer violates laws and regulations, leading to the suspension of the project, etc. Most of this is because the capital chain is broken, the project is not completed, the developer can no longer come up with the money, the bank is unwilling to continue to lend, and the project cannot be transferred to other investors. The project has no choice but to be left unfinished under the scorching sun. Wind and rain. There are many such examples, and the disposal of unfinished buildings has become a long-term "heart problem" for local governments. (1) Real estate in some areas is overheated. After macro-control, credit funds have shrunk, and follow-up funds for projects cannot keep up, so they have to cancel the project. For example, most of the unfinished buildings in Hainan, Beihai and other places are the sequelae of the real estate overheating in some areas in 1993. At that time, the growth rate of real estate investment was much higher than the growth rate of sales, and a large proportion of it was the result of blind investment and wanton land and project speculation. (2) Due to the drastic changes in the international economic environment, the source of funds was cut off and work was forced to stop. For example, most of the unfinished buildings in Shanghai were formed during the Southeast Asian financial crisis in 1997. (3) Market positioning is inaccurate and bleak sales prospects force investors to "change course" and stop work for changes. For example, a certain unfinished building located in Xinjiekou, downtown Nanjing, was built over and over again within ten years. An important reason was the lack of understanding of product positioning and market risks when making investment decisions. (4) Work was forced to stop due to poor construction quality. An unfinished building in Wenzhou City is located in the center of the city where land is at a premium. It took more than 8 years to complete but was never completed. Due to serious quality problems, it had to be demolished by blasting. There are no restrictions on the types of unfinished houses. Whether they are high-end apartments, office buildings, villas or ordinary commercial housing, the same possibilities exist. Therefore, it is very necessary and important for investment home buyers to have a detailed understanding of the overall strength of the project developer, correctly judge the market supply and demand situation, and grasp the dynamics of the country's political and economic environment. In particular, the current surge in the number of various housing listings should enable us to make accurate analysis and judgments on market demand.

Because "bad news" does not happen when buying real estate. This phenomenon appears slowly and step by step over a period of time. It is not easy for people to discover, but when it is discovered, it is too late. . You should be more cautious when purchasing off-plan housing projects. You must comprehensively examine all the factors that cause "unfinished properties" and eliminate them before paying the money to purchase the house, so as to avoid buying "unfinished properties" and causing the buyers to suffer huge financial losses. Related reading: Shenyang unfinished buildings Some areas have launched an operation to rectify unfinished buildings. What is the specific meaning of unfinished buildings? What are the causes of unfinished buildings? Where is the "rotten" state of Xi'an unfinished buildings? What are the reasons for the formation of unfinished buildings in Xi'an? What is the meaning of unfinished buildings? A comprehensive inventory of famous unfinished buildings in Dongguan. What are the causes of unfinished buildings?

What should I do if I encounter unfinished buildings when buying a house? What are the needs of buying a house? What to pay attention to

Issues you need to focus on when buying a house:

1. The basic "five certificates" are complete.

Be sure to check whether the developer has a commercial housing pre-sale license. With a pre-sale license, the developer usually also has a real estate development license, a state-owned land use certificate, a construction project development license, Engineering planning permit *** five certificates. This is the key to whether you can get a real estate certificate when buying a house.

2. Use standardized contract text.

Be sure to refer to the "It is best to adopt and do not modify it at will" and fill in the text carefully according to the terms listed in the text to understand the specific contents. Don't just sign the "Order Agreement" set by the developer and pay a deposit. Even though many people do this, it is not a necessary process for buying a home. Moreover, this kind of contract must have unequal rights and obligations, which is especially detrimental to oneself. It is best to sign a pre-sale contract directly with the developer. You must not be careless about this step! Otherwise, you will suffer a big loss.

3. Relevant certification documents are valid.

If you are buying a house off-plan (a house under construction, unfinished construction, or a house that cannot be delivered for use), you must check whether the developer has a pre-sale license and confirm that the house you are buying is within the pre-sale range; When buying an existing house, you need to check whether the developer has the property certificate for the house (obtained after the pre-sale permit, that is, the off-plan house is realized) and the "New Residential Delivery and Use Permit". Also check its business license and development qualification certificate, and pay attention to whether the unit names on these license documents are consistent.

4. When buying a house off-plan, you must agree on the conditions and time limit.

For off-plan properties, it is common for the property to be delayed due to insufficient funds, and some may even fail to deliver the property. If it is not a standardized "text", the developer will definitely make a fuss about the contract, which will be extremely detrimental to the home buyers. For example, only the completion date is indicated, but not the delivery date; some vague language such as "after the installation of water and electricity, after the quality acceptance is passed, and after the community supporting facilities are completed" is used. In this regard, when buyers sign a contract, they must clearly and unequivocally stipulate the delivery date as "a certain day of a certain month and year" and indicate the developer's liability for failure to deliver the house on time.

5. Clarify the specific time and liability for breach of contract.

The so-called house delivery has two meanings: one is the physical delivery of the right to use the house; the other is the transfer of house ownership, that is, the transfer of property rights. Both the physical delivery and the transfer of property rights should be clearly agreed upon in the pre-sale contract, and the delivery of a house without a "New Residential Delivery and Use Permit" cannot be accepted.

6. Check the quality of the house.

When signing a contract, you should read and check the contents of the "Residential Instruction Manual" and the "Commercial Housing Quality Guarantee", and use the "Commercial Housing Quality Guarantee" as an attachment to the contract to check whether the developer has quality assurance responsibility for the problem.

7. Clarify property management matters.

A bad property management company will definitely make you feel uncomfortable forever. Therefore, you need to learn more about the specifics of the property management company, as well as the property management scope and charging standards agreed by both parties.

8. Focus on the liability for breach of contract.

For off-plan houses or even existing houses, it may be different from the developer's description. At this time, the developer should be clarified about the liability for breach of contract or inconsistency with the description. You can refer to: after signing the contract, the buyer asked to check out and failed to pay on time; the developer asked to change the house after selling the house and failed to deliver the house on time; the change in area exceeded the agreed range; the quality did not meet the requirements; the transfer procedures did not comply with regulations and agreements, etc. Don’t miss the equality of liability for breach of contract.

What does an unfinished building mean? 5 points

An unfinished building refers to a project where the investment amount has exceeded 25% or 2/3 of the project has been completed after the construction started, but due to the developer’s follow-up Real estate projects that cannot continue construction due to lack of funds or other reasons such as legal proceedings, including real estate projects that have been completed but have incomplete supporting facilities such as water, electricity, transportation, etc.

Projects that are suspended due to disputes over property rights, substandard project quality, etc. are also considered unfinished buildings. ... The harm of unfinished buildings. Since real estate is a capital-intensive industry, unfinished buildings often occupy a large amount of funds, including a large amount of borrowed funds! There are also developed properties that become unfinished buildings once they do not sell well! As long as the building cannot enter the sales process normally, it can be called an unfinished building.