First-tier cities such as Shanghai and Shenzhen, this time due to the epidemic, are advocating static management throughout society and advocating no movement of people to survive the virus. Because the general environment is really not good, the number of foreclosures has also i

In the past March, society under the epidemic was full of anxiety and panic.

First-tier cities Shanghai and Shenzhen, this time due to the epidemic, are advocating static management throughout society and advocating no movement of people to survive the virus.

The other side of the stagnant flow of people actually means the shutdown of the economy.

Shanghai’s GDP in 2021 is 4.32 trillion yuan, accounting for nearly 4% of the country.

Shanghai’s GDP per day is 11.8 billion, which means that if the city is closed for one day, the GDP loss will be tens of billions, and 4% of the national economy will be affected.

Because the general environment is not very good, the number of foreclosures has also increased sharply:

In 2017, there were only more than 9,000 foreclosures on the Alibaba foreclosure platform; in 2018, it reached more than 20,000; in 2019, there was a sharp increase Increased to 500,000 units; in 2020, 1.27 million units.

and now, it has reached an astonishing 1.68 million sets. (Note: The foreclosures mentioned here are all residential properties)

In the past four or five years, the number of online foreclosures has increased hundreds of times.

Just looking at this exponential growth is indeed scary.

Under the epidemic, 2022 is destined to be a great year for foreclosures.

Shanghai law is afraid of the "strange" appearing

This time we mainly talk about the recent Shanghai foreclosure market.

html Three obvious characteristics emerged in the Shanghai foreclosure residential market in March.

First, blind photography of has increased significantly, and professionals have entered the market sharply.

Judging from the total transaction amount, residential transactions in March totaled 840 million yuan, with no significant fluctuation compared with the 880 million yuan transaction volume in February.

Please note that the second half of March is basically when the epidemic is raging, and many communities targeted for foreclosure cannot be visited on site.

This actually means that a large number of targets are actually "blindly photographed". Many people do it without even knowing what the foreclosure listings look like.

There are even some houses, and the auction notice also states very clearly that has normal tenants and there is a risk of clearance, and the lease will expire after 2 years.

But even so, Laopoxiao, with an area of ​​only 35.44 square meters, still went through multiple rounds of auctions, and the final transaction price reached 3.06 million, which was almost 15% off the market price.

To be honest, except for foreclosure professionals, whoever dares to buy such a defective house will buy it.

There are also some communities that are closed and are not open to viewings.

For professionals, this is not a problem. If you don’t want to look at it, don’t look at it. Just take pictures and look at the pictures on the legal auction website.

Therefore, the market in March is destined to be a market for veterans.

Secondly, the popularity of luxury homes continues to spread in the foreclosure market.

On March 11, the COFCO Fortune Ocean View Duplex 592-square-meter super luxury house was sold for 177.9 million yuan, with the equivalent unit price exceeding 300,000 yuan/㎡, setting a new unit price record for the community.

Shanghai's foreclosure mansions are not available for sale, but if you can grab them, they are actually the biggest losers.

Third, Shanghai's foreclosure is returning to " value rational ".

In terms of transaction rate, 138 residential properties were listed in March, 88 were sold, and the transaction rate was 60.98%, which basically maintained the basic level of previous years.

Looking at the discount rate (transaction price/appraisal price), the residential discount rate in March maintained the average level of 91.73% in recent months.

In addition, more than 80% of the houses are paid separately for taxes and fees, which means that your purchase cost is much cheaper than normal second-hand purchases. Is

good? Of course it smells good.

The total price of houses in Shanghai is so expensive. The price of 5 million yuan is 5 points cheaper, which is 250,000 yuan, which is the annual salary of many people.

Foreclosure houses are actually high-quality assets

The current era is actually an era of "better than worse".

Many friends who are looking for square meters to buy foreclosure, almost 30% are for owner-occupation, and the other 70% is for preservation and appreciation.

Many people say, just brag. The current real estate market is full of troubles and there are not so many dividend opportunities.

Brother, do you have any misunderstanding about the tragic people everywhere?

Only when you look at how funds have fallen, and then look at the stock market, can you truly understand what "suffering is everywhere".

has a friend who invested millions in the stock market in 2019. After three years of hard work, he made a huge profit, almost doubling his profit.

But this time the stock market crash brought him back to before liberation overnight. Not only was his three years of profits gone, but his principal was also discounted by 10%.

However, for those who bought a house in Shanghai 3 years ago, the price has only increased a little, and they have never seen a loss.

Moreover, real estate in Shanghai is a real asset, with very good liquidity and a small number of listings.

Of course I know that the golden age of real estate has passed. It is unrealistic to want to double your real estate in a few years. I advise you to give up such fantasies as soon as possible.

But for houses in Shanghai, , as a value-preserving asset, is still very stable compared with the stock market and funds.

Some friends cannot save large amounts of money, otherwise their hands will be itchy and they always want to invest. They must spend the money to feel at ease.

Either join and open a milk tea shop, or get some stock options. Anyway, it’s just a lot of work and losses.

Instead of doing this, to be honest, it is better to calm down and analyze the sector planning and value potential before buying a house.

Of course, for the foreclosure market, it is still destined to be a game that only a small number of people can understand.

Foreclosure houses, in fact, the risks are completely controllable

Many people say that the auction market is full of risks, but these are actually all nonsense.

What is the so-called risk is the uncertainty between the purpose of production and the results of labor.

• One manifestation is the uncertainty of income;
• The other is the uncertainty of cost or price.

If you are familiar with the foreclosure market, these two types of risks actually do not exist at all and can be ignored directly. Let’s analyze them one by one.

1. The first risk is the uncertainty of returns.

In fact, from the moment you take the photo, you should be able to fully understand how much your income is.

If you compare your transaction price plus relevant taxes and fees, and your capital cost, with the current second-hand houses of the same type, they are basically the same.

When you are bidding, you should set a maximum buying limit. What should you do if the price exceeds your psychological expectation.

is very simple, just don’t take pictures.

No one is holding a knife to your neck and insisting that you kill them, just for the sake of gambling.

Therefore, I would like to emphasize again that the income from the foreclosure market is very certain. From the moment you take the auction, all the profits are already obvious.

2. The second risk is that the delivery is not smooth and there are difficult to deal with residents.

This risk is what many people are most worried about. I often see the media using this as an argument.

This is actually to make relevant pre-production adjustments. In the words of a great man, specific issues of are analyzed in detail in .

A. For example, if there are normal tenants in the house, they are willing to cooperate in most cases, but you need to pay a little more rent to them, so they will move out obediently. The house does not belong to him, and no one wants to cause trouble.

B. For example, there are landlords there. Many landlords have not run away. They usually owe a small amount of money and want to turn over. He also hopes that more people will participate in the auction, so that he can get more money and sell at a good price. .

C, there is another kind that there are old people who refuse to move, or the price has not been negotiated, and the buyer may have to pay more compensation; or it is a broken pot, I won’t move no matter how much you pay. .

Among the Shanghai foreclosure listings we have encountered, from a delivery perspective, 70% of the listings have no problems, 20% of the listings require advance negotiation, and only 10% of the listings really require The relatively long delivery period may be really difficult to handle.

When you are shooting for a specific property, you should actually know whether there are any problems with the delivery of your target, and if there are problems, whether you can solve them.

What to do if you can't solve it.

is very simple, so just don’t shoot it.

Important reminder! Important reminder! Important reminder!

The so-called risk is something you cannot control. This is called risk.

What you can control but others cannot control is called professionalism.

Only if you can control it and go through the complete process can you get excess returns.

When buying a foreclosure house, keep in mind the three major principles

The foreclosure market in April will still fluctuate with the epidemic, and will still be affected by the sentiment of the second-hand market.

Faced with the above problems, there are three most basic principles:

Principle 1. For beginners, if there is any ambiguity in the auction process, they should give up decisively.

There are indeed many hidden risks in many aspects of foreclosure, and many novice buyers are actually unclear about them.

Never enter the market blindly thinking that there is gold everywhere.

Principle 2: If you want to enter the market, you need to consider the capital issue in advance.

Many people may not know that many foreclosure auctions often require you to complete the payment transaction within 15 days.

This means that you either have to pay in full, or you have to make a loan plan in advance.

Otherwise, it’s better not to play. If the auction is ruined, the court will not refund you a penny of the early deposit.

Principle 3: There are still many good targets, and you must learn to make comprehensive judgments.

There must be many bidders for a perfect house. There will never be a shortage of buyers for good houses, and those with defects will be appropriately discounted.

The ideal thing is that this target has a little bit of a flaw, and you can handle such flaws, so you can naturally pick them up.

Of course, if you want to pick up the missing items in Shanghai’s forensic auction market, we also provide related auxiliary auction services.

This year and even next year will be a big year for the supply of foreclosure houses. Always be prepared, there is always a chance to eat meat.

If you want to buy a house in Shanghai or have any questions about buying a house, please send me a private message, reply 666, and I will give you the "Shanghai House Buying Guide" worth millions.