Is there a big chance that the auction will not be completed?

It is unlikely that the auction house will be unfinished, because the real estate market is dominated by the auction house now, but there is still the problem of unfinished business under special circumstances. But don't worry too much, because the relevant departments have relatively strict control over developers and projects, and the risks in this regard are relatively small. For property buyers, it is also necessary to understand and inspect the developers in the process of buying a house.

What should I pay attention to when buying an auction house?

1, the developer's lack of credibility and strength creates risks: before buying an auction house, buyers can not only inspect what projects the developer has undertaken before, which construction units have been selected, and whether the quality is up to standard, but also estimate the developer's strength and self-protection ability from the side.

2. Housing quality problem: When the auction house is delivered, the most common problem is that the house has quality problems. Because the house has not been built when the property buyers hand over the house, the quality problems arising in the construction process cannot be detected at all, and can only be found when they are accepted. If you want to avoid this kind of problem, you can only make an agreement in the relevant contract. Another way is to buy a property with complete five certificates, which will be handled by the Land and Resources Bureau, Planning Bureau, Construction Bureau and Housing Authority respectively. If the five certificates are complete, you can buy them with confidence.

3. When handing over the house, I found that the pictures are inconsistent with those when buying the auction house: the pictures of the developer's advertising copy are generally for reference only, and there are some false propaganda. It is unwise to buy an auction house only by the pictures on the poster. If there are specific requirements for the final effect of the real estate, it is best to ask the developer in advance and indicate it in the purchase contract.

There is a risk in deposit: before buying a house, the buyer will definitely pay the deposit of the house. Be careful! If the developer puts forward the condition that the deposit will not be refunded, it needs to be vigilant. Before signing a formal purchase contract, we must negotiate with the developer about the deposit, so as to avoid asking for the deposit when the contract cannot be signed.

5. Planning changes: For property buyers, some changes in residential planning may change their willingness to buy houses, such as changes in supporting facilities, greening level and environmental facilities. Property buyers should reach an agreement with developers in the contract. If you need to change, you should inform the buyer in advance, otherwise it is infringement.

6. Property right risk: Some buyers of faster houses can't get the property right certificate for a long time, mostly because of the developers of real estate factories. If they don't have the qualification to develop commercial housing, and they don't have reasonable procedures to build houses illegally, property buyers can't get property certificates. When signing a house purchase contract, you must carefully check the qualifications of the developer to ensure your rights and interests.

7. Risks arising from delayed delivery: Generally, the delivery time of the auction house is about 2 years, and the process is very long. No one knows what problems will be encountered in the actual construction process. Perhaps the developer is short of funds, or there is a problem with the quality of building materials, which is hard to say. There are precedents for delaying delivery due to these problems, which will undoubtedly affect buyers' occupancy.