What does the second-hand housing transaction fund trust mean?

Second-hand housing transactions involve a question of fund custody, so what does fund custody service mean? What are the benefits of fund custody? What are the risks of not doing fund custody? Let's take these questions together to learn about the relevant knowledge!

I. Concept of fund custody

Fund custody in the process of second-hand housing transaction means that the buyer puts the funds used for house purchase on a third-party platform to provide temporary custody service, and delivers the entrusted funds to the seller after the second-hand housing transaction is completed, that is, after the transfer procedures are completed, thus ensuring the safety of funds and transactions.

At present, the main ways of housing payment are banks, intermediaries, buyers and sellers based on banks, payment platforms based on third-party payment platforms and buyers and sellers.

The purpose of second-hand housing transaction fund custody is to ensure the safety of second-hand housing transactions. There are frequent disputes in second-hand housing transactions, which means that there are many acts of deceiving buyers in second-hand housing transactions. Especially novice buyers, if they fully trust the intermediary and the seller, they will be cheated, and may be cheated of a large sum of money because of forged real estate licenses. Therefore, in order to avoid transaction risks and ensure the safety and standardization of the transaction process, fund custody has become an indispensable part of the second-hand housing transaction process. After the funds are entrusted, the house payment can be paid to the seller as agreed, and the property safety of the buyer is guaranteed, which can be described as a lot of benefits.

Then, after understanding the concept of fund custody, let's specifically introduce the disadvantages and risks of not conducting fund custody!

Second, the risk of not doing fund custody.

If property buyers do not trust funds when buying second-hand houses, the transaction risks that buyers and sellers of second-hand houses may face mainly include:

(1) The seller can't get all the house payment.

Because the buyers have not managed the property, there is no guarantee that the buyers have enough funds and the house payment can be paid on time. Therefore, it is likely that the house will be transferred, but the seller will not receive the house payment, and the transaction security cannot be guaranteed.

(2) The purchaser can't obtain the housing right and can't recover the paid house price.

In the fund custody business, the seller can go through the transfer formalities, so there is no mechanism if the fund custody is not carried out. After the buyer pays the down payment, it delays the transfer formalities, so the buyer can't get the right to the house and probably can't recover the down payment.

Therefore, through the above analysis, we can understand the importance of fund custody, which can not only protect the rights and interests of buyers, but also protect the rights and interests of house sellers, so that both parties can feel more at ease when conducting second-hand housing transactions and the transaction process is more standardized.

The above is the relevant content of the second-hand housing transaction fund custody service. I hope the above introduction can help you understand what fund custody service is, and it can be safer in the process of second-hand housing transactions.

(The above answers were published on 20 17-06-2 1. Please refer to the actual situation for the current purchase policy. )

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