Double 11 shopping spree to buy a house? Alibaba launches over 10,000 special-priced houses... Be careful when buying special properties

Shocked to the chopping party! Buying a house during Double 11 shopping spree? Alibaba has launched over 10,000 special-priced houses, and JD.com sells them with a starting price of 50% off! How to pick up this "leak"? Be careful when buying special real estate

A piece of news that makes the hand-picking party take action!

Alibaba Auction, a subsidiary of Alibaba, revealed that during this year’s Tmall Double 11, more than 10,000 specially priced houses will participate in “promotions”, some of which cover houses in popular school districts, subway houses and scenic spots. This is also the first time that you can buy a house on Tmall Double 11.

It is worth noting that e-commerce giants are fully equipped to challenge Double 11, and JD.com also announced that it will sell properties on Double 11. On October 12, at JD.com’s first Technology Real Estate Conference, JD.com Real Estate revealed that at the upcoming JD.com 11.11 Global Goods Festival, JD.com will unite more than 200 developers in 70 cities and launch more than 6,000 preferential housing units and new homes. Starting from 50% off the entire price, the discount amount exceeds 300 million yuan.

On October 25, the first batch of special-priced school district housing has been launched online. Consumers can start to purchase and pay deposits. Sales will begin on October 29 (next Tuesday). A reporter from Brokerage China saw slogans such as "Special Offer Houses Missing" and "More Than 30% Off" on Ali's auction website. The most prominent listing was "Double 11 School District Houses."

The starting price was significantly lower than the market price, causing onlookers

In September this year, Ali Auction once listed a Hangzhou school district house with a "starting price of 1 yuan", covering an area of ??more than 80 square meters. It attracted 100,000 onlookers. After 239 price increases and 142 delayed transactions, it was finally sold for 6.095 million yuan, which was a full 305,000 yuan lower than the actual listing price of 6.4 million yuan.

Compared with purchasing other products on Taobao, the process of purchasing a special-priced house through Ali's auction is slightly more complicated: pay a deposit, bid, and only pay for delivery after the bid is successful.

Alibaba Auction said, “Take the auction on Double 11 as an example. It will start at 10 o’clock in the morning on November 10 and end at 10 o’clock in the morning on November 11. If there are still people there by then, The bidding will be delayed until no one continues to bid.”

Browsing the information on special-priced houses that have been launched online, the starting price of houses in popular school districts is mostly 10% to 30% lower than the average market price. There are also cases where the price is 35% or even 42% lower than the market price. "Houses are normally auctioned based on the appraised price. As for the final transaction price, it depends on the popularity of the house." Ali Auction said.

The reporter noticed that although this wave of housing listings has just been launched online, the auction target Room 203, Unit 2, Building 9, Fuxing Nanyuan, Shangcheng District, Hangzhou City, has attracted tens of thousands of people to watch, while a unit in Shangcheng District, Hangzhou City has attracted tens of thousands of people to watch. The school district house with a starting price that is 40% lower than the market price has also attracted more than 4,000 people to watch.

JD.com: Launching 6,000 preferential housing units on Double 11

On October 12, at JD.com’s first Technology Real Estate Conference, JD.com Real Estate revealed that in the upcoming JD.com 11.11 Global Goods During the festival, JD.com will join hands with more than 200 developers in 70 cities to launch more than 6,000 preferential housing units, with discounts starting at 50% off for new homes, with discounts exceeding 300 million yuan.

On the same day, JD.com also announced the launch of real estate services and lifestyle peripherals offline store Haofang Jingxuan. Users can experience the room layout, community environment and supporting facilities in the Haofang Jingxuan offline store. . Obtain project information through multimedia technologies such as AR/VR, panoramic roaming, and electronic sandbox.

Currently, JD.com has launched a “house price discount” on Double 11: 11.11 home purchase subsidies are as high as 1.82 million yuan.

At the same time, JD.com launched the “100 million subsidy to break through the lowest price” activity, that is, 9.9 yuan can receive tens of thousands of yuan in subsidies.

Taking Shenzhen as an example, 9.9 yuan can be exchanged for a subsidy of 20,000 yuan to 90,000 yuan, depending on the real estate.

According to data, JD.com has launched real estate business since 2017, and has cooperated with developers such as Country Garden. Consumers can learn about the properties launched by developers through JD.com. In October 2018, JD Real Estate launched its second-hand housing business, and second-hand housing transactions were included in the Double Eleven promotion camp that year. In November 2018, JD.com launched its rental business.

There are "leaks" to be picked up, and foreclosure houses are becoming more and more popular

What I must tell everyone is that the actual source of these special-priced houses on Ali is the foreclosure houses auctioned by Ali.

So, what is a foreclosure house? Are these special offers available? If we really want to take action, what conditions are needed?

Foreclosure house, the abbreviation of court auction house, is a house that is forced to be auctioned by the court. When the debtor (owner) is unable to perform the mortgage contract or pay off the debt, the creditor applies to the court for enforcement through various judicial procedures, auctions the house under the debtor's name, and uses the proceeds from the auction to satisfy the creditor's rights. The house that is auctioned during the process is the so-called foreclosure house.

According to the China Brokerage reporter, during the offline auction period, judicial auctions were mainly entrusted to auction houses and promoted by the auction houses. However, due to information limitations and other reasons, everyone was not familiar with auctions and even legal auctions. Little understanding, and entrusted auctions. Intentional bidders need to go to the auction house to sign an entrusted auction agreement, and need to pay auction commissions after the transaction, resulting in low participation and low transaction rate.

Now is the mature stage of online auctions: first of all, the auction platform is free, and the auction platforms designated by the Supreme Court include Taobao, JD.com, People's Litigation Assets Network, China Auction Association, Public Auction Network, etc. wait. In June this year, two new platforms, Beijing Equity Exchange and Industrial and Commercial Finance e-purchase, were added. Secondly, in the early days of online auctions, judicial auxiliary companies appeared across the country to assist courts in carrying out online judicial auctions and undertake a large number of tedious administrative tasks in execution. Judges were able to withdraw from the heavy administrative work and focus on the cases themselves.

Senior Foreclosure Specialist Duan Chenglong told a reporter from Brokerage China that the investment value of foreclosure homes is gradually being recognized by the market. "It is precisely because most groups are not particularly familiar with it and there are indeed certain potential risks that current investors have holes to pick up."

Duan Chenglong said, "Take the Beijing area as an example. The final transaction price of foreclosed houses in hot communities and scarce units is currently close to the market price; a more common situation is that the final transaction price of foreclosed houses is 90% of the market price; the price of foreclosed houses in general residential areas and old communities is between The market price is about 85%, and the transaction price of a foreclosed property for both commercial and residential use is 80% of the market price.”

According to reports, usually, properties in the following situations will become “foreclosed”. "Housing":

First, commercial loans are generated. A house buyer takes a loan from a bank to purchase a house. If the loan cannot be repaid as scheduled, the bank files a civil lawsuit with the court and requires the lender to liquidate the mortgaged loan at auction to repay the loan; Secondly, private lending occurs. For example, A borrows money from B and agrees to mortgage his own property to B, and cannot repay when due. According to the "Security Law", B cannot directly obtain the mortgaged property, and can only apply to the court for A's repayment and show The mortgage or loan agreement requires the court to auction A's property during the execution stage to repay the loan; third, judicial confiscation occurs. For example, in a criminal case, there is a judgment to confiscate all the criminal suspect's personal property. If the property involves real estate, the real estate can be auctioned in accordance with the law, and the money after realization will be returned to the national treasury; Fourth, unowned property. In rare cases, unclaimed properties can also be subject to foreclosure.

Some real estate industry observers pointed out that if home buyers continue to be pessimistic about housing prices, many high-end buyers will choose to sell their homes to protect themselves. Although such cases are usually difficult to access, they can be reflected in the number of foreclosed houses.

According to data provided by Alibaba Auction, nearly 30 million people viewed and bought houses on its platform in the past year.

Things to note when committing to a foreclosure auction

In addition to being affordable, the lack of purchase restrictions is also a major advantage of a foreclosure sale.

At present, there are no purchase restrictions on foreclosed houses in most cities, such as "Shanghai" and other places. In other words, no matter how many houses the bidder has in his name or whether he is a local, he can participate in bidding for foreclosed houses in Shanghai. In the transfer process after the bidding, compulsory transfer can be carried out with the "Ruling" and "Notice of Assistance in Execution" issued by the court. The real estate trading centers in each district need to cooperate with the transfer, and there are no geographical "restrictions" on buyers. .

However, it is understood that foreclosure houses in cities such as "Beijing" and "Shenzhen" are currently subject to purchase restrictions. Before participating in the bidding, you must understand the local purchase restriction policy for foreclosed houses in advance.

In addition, bidders must realize that foreclosure does have many disadvantages.

First, taxes and fees are borne by the buyer.

When purchasing a second-hand house on the market, some taxes and fees can be borne by both the buyer and the seller. However, the auction price and various transfer taxes and fees generated in the judicial auction must be fully borne by the buyer.

Moreover, some properties may not have been transferred before and need to pay transfer fees twice. These costs need to be understood by the bidder before the auction.

Second, pay the purchase price in full within the time limit.

According to judicial auction regulations, successful bidding requires a one-time payment of the auction price within a short period of time, but not everyone can afford a multi-million dollar house at once. At present, many banks have specially launched foreclosure loan business for foreclosure houses. Most cities have not yet launched this business and cannot apply for mortgage loans, resulting in limited participation in auctions.

A person from a foreclosure house agency told reporters, “As the market recognizes the investment value of foreclosure houses, banking institutions in first-tier domestic cities such as Beijing, Shanghai, Guangzhou and Shenzhen can already provide services for foreclosure houses. Loan services, but in the majority of second- and third-tier cities, financial institutions have not yet covered this area.”

The reporter noticed that for judicial auctions of properties, Ali Auction has launched a “one-click loan” service, known as “1. Apply in minutes, review within two days, and get a loan of up to 70%.”

Thirdly, there are potential risks.

Foreclosed houses may be leased or even long-term, and may be uninhabitable even if purchased; the water, electricity and heating of the property have not been paid for many years and there are late fees; there are elderly people living in the house, etc.

“If the buyer breaches the contract and fails to pay the auction price after the due date, which hinders the court’s execution, the court may impose fines and other penalties; if the buyer breaches the contract after successfully bidding, the deposit paid will not be refunded. If the deposit is not enough to cover the loss, the original buyer will compensate for the corresponding loss,” said a person from the above-mentioned foreclosure agency.