The market expects the impact of U.S. interest rate cuts on the Hong Kong property market
The market hopes that the U.S. interest rate cut can revive the Hong Kong property market. Although it will take time to verify the effect, there is a lot of supply in the market. Not only developers and second-hand property owners are eager to sell goods, but another one who also wants to ship goods as soon as possible is believed to be the silver master. Holding institution.
Market status
Currently, there are more than 300 silver masters in the market, with a total value of more than NT$3.5 billion. This number may not seem like much at first glance, but in fact it has exceeded the level of the 2008 financial tsunami. It happened that a special transaction case called "Tianxian Bureau" appeared in the market earlier. It is really difficult for buyers to avoid the property buying traps encountered. If the buyer wants to stabilize his position and want to successfully complete the transaction, in addition to purchasing a first-hand property, a silver-plated property may be another alternative option. A case of "Tianxian Bureau" was revealed in the market earlier. When many people discussed the case, they discovered that the related traps were very difficult to avoid.
Deposit arrangement
After all, when the buyer first checked the register, he did not find that the seller had any other debt problems. It is very difficult to further check whether the seller has hidden debts, or to predict whether the other party will have other debts in the short term. One of the ways to avoid the transaction being on the rocks is , that is, trying to arrange for the deposit to be released close to the closing date, but it is not easy to find a seller willing to cooperate.
In summary, the risk mainly lies in whether the seller has hidden debts during the transaction or whether there are other alternative operations, which will affect the completion of the transaction. In contrast, when buying a silver main project, you don’t have to worry about whether the seller has other hidden debts that will suddenly appear and affect the transaction. The buyer generally does not need to bear debts for the original owner, and may only need to pay the unpaid debts for the original owner. There are certain additional expenses in this area such as management fees or water and electricity bills. However, silver masters are generally at a discount to the market price, so this factor is not an unacceptable shortcoming to a certain extent.
Pay attention to whether there is a nailed deed
Of course, buyers should pay attention to whether the seller has been deeded due to debt when purchasing a silver master project, especially a financial project. If the property is deeded, it should be avoided. If the unit ownership is not complicated, for example, it does not involve half-deeded or missing deeded properties, in fact, the risk of the bank-owned project is not really high.
In summary, the risk mainly lies in whether the seller has hidden debts during the transaction or whether there are other alternative operations, which will affect the completion of the transaction. In contrast, when buying a silver main project, you don’t have to worry about whether the seller has other hidden debts that will suddenly appear and affect the transaction. The buyer generally does not need to bear debts for the original owner, and may only need to pay the unpaid debts for the original owner. There are certain additional expenses in this area such as management fees or water and electricity bills. However, silver masters are generally at a discount to the market price, so this factor is not an unacceptable shortcoming to a certain extent.
Pay attention to whether there is a nailed deed
Of course, buyers should pay attention to whether the seller has been deeded due to debt when purchasing a silver master project, especially a financial project. If the property is deeded, it should be avoided. If the unit ownership is not complicated, for example, it does not involve half-deeded or missing deeded properties, in fact, the risk of the bank-owned project is not really high.
Things to note when applying for a mortgage
Generally speaking, when buying a "normal" bank mortgage property, buyers can also apply for a high-percentage mortgage, which is not much different from buying an ordinary second-hand property. Therefore, there is no need to worry about banks being unable to obtain mortgage loans.
Risk warning
Although bank mortgages have the opportunity to help buyers avoid some of the pitfalls when buying second-hand properties, there are also certain risks. In addition to possible deeds and incomplete title, the property may also have illegal construction or unauthorized construction problems, and the buyer needs to bear the restoration costs.
Things to note
- Do your homework before buying and carefully review the property's condition and terms of purchase and sale.
- Avoid small losses and ensure your own rights and interests.