Generally speaking, according to the regulations, the minimum down payment ratio of second-hand houses in many cities is 30%, but in real life, the down payment paid when someone buys second-hand houses is higher than this ratio. This is because the factors affecting the down payment of second-hand houses include the number of houses owned by the lender, local policies, house age, etc. But you think you can just pay the down payment for a second-hand house? That's a big mistake! Buy a second-hand house and have this money to prepare!
1、 Buy a second-hand house to pay the down payment
1. The down payment is related to the policy
Nowadays, many cities implement the purchase restriction policy, so if you buy second-hand goods, you should know the local credit policy. For example, in many cities without purchase restrictions, the down payment ratio of the first suite is 20%, and that of the second suite is 30%. In many cities with purchase restrictions, the proportion of the first suite is as high as 30% or even 40%, and that of the second suite may be as high as 50% or even 70%.
2. The down payment is related to the loan method
Whether it is to apply for a commercial loan to buy a second-hand house or a provident fund loan to buy a second-hand house, the down payment amount required to be prepared is different in different places and regions.
3. The down payment is related to the appraisal price of the real estate
Second hand houses are different from new houses. Second hand houses also need to be valued. As there may be deviations in terms of market appreciation and bank valuation, for example, if you buy a house of 1 million, you can borrow 700000 according to 30% down payment, but the bank's valuation of this second-hand house is only 800000, you can only borrow 560000, that is, your down payment is not 300000 but 440000.
2、 Buy a second-hand house to pay deed tax
If the second-hand house you buy is the first house and the area is less than or equal to 90 square meters, the deed tax rate is 1%, and if the area is greater than 90 square meters, the deed tax rate is 1.5%; If you buy a second suite with an area of less than or equal to 90 square meters, the deed tax rate is 1%, and if it is greater than 90 square meters, the deed tax rate is 2%.
3、 Buy second-hand housing to pay value-added tax
If the real estate certificate of the original owner of the second-hand house you buy is less than two years, you also need to pay value-added tax and surtax, with a tax rate of 5.6%. Of course, if the full two years, the money can be exempted.
4、 Buying a second-hand house requires personal income tax
Personal income tax is also a tax that needs to be paid in second-hand housing transactions. Most of the money is 1% of the taxable price or 20% of the difference between the two transactions. If the seller meets the requirements of five years, the money can be exempted.
5、 Buying a second-hand house requires an intermediary fee
Many people buy second-hand houses through intermediaries, so they must also prepare intermediary fees, which are generally 1% ~ 3% of the transaction price.
6、 Buy a second-hand house to pay decoration fees
The second-hand house may need to be renovated because the original owner has lived for a certain time. This is also a large expenditure.
7、 Buy a second-hand house to pay monthly
Most people focus on the down payment and ignore the impact of monthly payment. It is best to prepare the monthly payment for second-hand houses in advance for one to two years to prevent sudden situations and insufficient funds to pay the monthly payment. Generally, the monthly fund shall not exceed 50% of the monthly income certificate.
When buying second-hand houses, sometimes there will be some other expenses, such as house evaluation fee, handling fee, registration fee, etc. the charging standard of each city is different, but buyers also need to pay attention.