Can I buy off-plan property in Evergrande?

Evergrande’s off-plan properties are available for purchase. According to the current situation of Evergrande, Evergrande's properties must have been mortgaged to banks in exchange for working capital. If you want to file a record, you must first repay the money to the bank to redeem and release the mortgage, and then you can file the record and the bank will lend. At this time, the property completely belongs to you. The bank is your creditor. Even if it goes bankrupt, you still have a high chance of getting it. house.

If you buy a house without filing it, and you go bankrupt at the same time, and the property is mortgaged to the bank, the house you bought has nothing to do with you. The house you bought was not registered. In a legal sense, the house still belongs to the developer. The bank is the developer's first creditor. If you paid the money and the developer did not give you the house, it is a contract dispute. Bankruptcy liquidation is at the end of the list of repayments, after suppliers.

Risks of buying off-plan houses

1. House quality risks

When handing over off-plan houses, the most common problem is the quality of the house. Because the house has not yet been completed when the house purchase contract is signed, many hidden house quality problems cannot be detected at all. Home buyers have no way of knowing how developers cut corners, lower construction standards, and how to reduce the area and obtain more benefits. In order to reduce risks, you can only rely on contract constraints. Another way is to purchase a property with all five certificates.

2. Pay attention to the developer’s reputation and strength

Home buyers should evaluate the developer’s strength and future security capabilities from the side. Including the credibility and reputation of the developer, the projects the developer has developed before, and the reputation and reputation of the construction unit selected by the developer. The three are added together to have a general understanding of the quality of the off-plan house to be purchased.

3. The risk of false advertising

The developer's advertising copy usually states "This picture is for reference only." If you are attracted by the advertising poster and decide to buy a house, that is Very irrational. If you have particularly strict requirements on the building's facade and community facilities, it is best to inquire about the authenticity of the advertisement and the probability of achieving results, and make clear stipulations in the home purchase contract.

4. Risk of planning changes

Developers who change planning and design without authorization need to file a record with the relevant departments. For the vast number of home buyers, developers must pay attention to supporting facilities, green spaces, Random changes in floor area ratio, environmental facilities, etc. are likely to affect your willingness to buy a house. Home buyers should make an agreement with the developer and notify the home buyers in advance if there are any planning changes. Failure to notify is an infringement.

5. Deposit risk

In off-plan house sales, before the buyer actually gets the house purchase contract, there is usually a certain amount of money expenditure, which is used to join the membership, subscribe for funds, and upgrade. After the house purchase is successful, the money will be used as a deposit and then the contract will be signed.

If you encounter a clause such as "the deposit is non-refundable" proposed by the developer, you must be more vigilant, make sure that you have signed a formal house purchase agreement with the developer, and also negotiate on matters related to the deposit, so that If the contract cannot be signed, the deposit will be refunded.