In the high interest rate cycle and the rapid adjustment of property prices, the sequelae of the two-sided attack gradually emerged in the market. Owners were cut off due to various financial pressures, and many units were reduced to silver-backed properties. As there will be an opportunity to cut interest rates in 2024 and the property market has not yet fully recovered recently; in addition, there are many discounts on silver masters, what can you do if you want to take the initiative and buy cheap and cheap silver masters?
Earlier, it was reported that when an owner of Fei Yeung Phase 1 in Tuen Mun applied for a mortgage, he encountered insufficient bank valuation. If the owner does not have enough funds for the down payment, he may face a loan. In addition, there are three cases of financing master offers in Tuen Mun Evergrande·Junlong Bay. Because the owners chose the "Breathing Plan" at that time, after the low-interest honeymoon period, they were unable to go to the meeting smoothly. There was a chance that the bank's insufficient valuation was involved. Therefore, The owner cannot switch to a bank, and without being able to pay high interest rates, he has no choice but to cut off the loan and becomes the main lender.
You can check the information at the real estate agent
Method for purchasing a silver master offer (1): Bid through a real estate agent. If you want to buy the goods, you must first find the "source of goods". Buyers can find real estate agents or auction houses to check the information about the silver master listing. If the property is in the hands of a real estate agent, buyers can place bids through the agent. Buyers generally need to be prepared to bid about 3% to 5% as a deposit. If they fail to win the bid, the deposit will be returned to the buyer.
After receiving all the bids, the bank will negotiate with the buyer with the highest bid; however, if the buyer's bid does not meet the bank's reserve price, the relevant property will be put up for bid in the market again. Method to buy silver master plate (2): Participate in auction bidding. If the silver master is sold through a public auction, the buyer should pay attention to the time and place of the auction, and entrust a lawyer to borrow the deed and check the ownership status before participating in the auction, and then participate in the auction. As long as your bid is higher than other bidders and is higher than the bank's reserve price, you can win the property. After successfully bidding on a property, the buyer must immediately pay 10% of the property price as a deposit and sign a formal sales and purchase agreement. As long as the title is complete, the buyer can generally apply for a mortgage as usual. Only if the property is without a lease or other reasons, the buyer may be unable to obtain a mortgage and need to pay directly to buy the property.
Common myths about silver buying
Many buyers with more traditional ideas may be worried about the bad "feng shui" of the silver master project. After all, most of the owners are unable to make payments for certain reasons. However, compared with "haunted houses", the silver master project will not be difficult to obtain a mortgage. And the problem of difficulty in selling the property is the same as that of ordinary houses. Moreover, you can make an appointment to view the property with the owner of the property. Going to the unit in person is far better than just looking at pictures or videos. Especially recently, there have been a lot of mortgage-backed properties. The original owners may not be able to transfer to the bank due to valuation issues, or they may not be able to make payments due to high interest rates. This may not be directly related to "Feng Shui" issues. As long as the buyers screen properly, That means you can "carry out the goods" with peace of mind.