The housing prices are getting higher and higher now, and home buyers save money at a speed that is not as fast as housing prices rise. It is not easy for home buyers to buy a commercial house, but they still have to buy a house. In addition to buying a house with a loan, many people will also choose to buy some cheaper properties, such as houses sold by judicially. So can houses sold by judicially? What should you pay attention to when buying a house for judicial auction?
Can I buy a house under judicial auction?
No matter what type of property, it is actually bought by someone. Houses sold at judicial auctions refer to houses sold at courts that are forcibly executed. However, forensic auction houses are not necessarily sealed from banks, and private seals are also sealed. Most houses have loans from banks. When banks go out to borrow money, they will apply for a mortgage right . The bank has the right to receive compensation at the auction. In fact, there is no big difference between buying a "foreign auction house" and buying other properties. You must pay attention to the ownership of the property and must be a "clean" property.
What should you pay attention to when purchasing a house for judicial auction?
1. Pay attention to the property attributes
. Buyers should pay attention to checking the properties of the houses for judicial auctions. This mainly includes the nature of the land transfer, the service life, whether they have applied for real estate certificates , whether there is any arrears for tax payments, etc. It should be noted here that the auction price quoted by the court when auctioning property is usually only a "naked price". If the auctioneer holds the bid, in addition to paying the sales amount to the court in full in one lump sum, he also has to bear some hidden expenses, such as the property fees, water and electricity fees arrears in the name of the auctioned house, which also needs to be borne by the bidder.
2. Pay attention to the identity of the original owner of the house
Generally, the house is mortgaged or confiscated because the debtor is unable to fulfill the due debt, which leads to the creditor's lawsuit, seizure of the mortgaged property, and eventually the court's forced auction. Many of them are due to investment failure, the capital chain is broken, or the loan is infectious. If it is an ordinary failure in business, the character is still good. If you meet a rogue homeowner, you may come back to cause trouble and cause trouble, and there will be endless troubles.
3. Pay attention to the quality of the house
. Purchase a house that is auctioned for judicial auction and pay attention to the quality of the house. Although the house that is auctioned for judicial auction will briefly describe some of the defects in the house, some hidden problems in the house will not be investigated and explained in detail. Therefore, we need to view the house on site, otherwise we are likely to encounter real estate with architectural defects. However, it is not convenient to view houses in judicial auctions. Once the bidder makes a bid decision easily, it means that he has fully understood and accepted the status quo of the house and all possible problems, and the court will not be responsible for the defects of the house.
4. Pay attention to other expenses
. Purchasing a house for judicial auction may have water, electricity, property fees and other expenses that the original owner has not paid. Some properties may face large amounts of arrears due to long-term unoccupied, which will be borne by the bidder themselves. This situation is generally explained in the introduction of the subject matter of in the auction announcement. For example, the information of a certain property listing shows that "the arrears of property, water, electricity, gas, etc. are unknown, and the buyer needs to verify it and bear it by himself."
or above is about whether the houses sold in judicial auction can be purchased and what should be paid attention to when buying houses sold in judicial auctions. Although the price of houses purchased in judicial auctions is relatively low, there are still many risks for home buyers. If home buyers want to buy such a property, they need to pay attention to the above four points. If there is no problem with these points, you can still buy houses sold in judicial auctions.
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