WHAT IS REAL ESTATE SALES? REAL ESTATE DEVELOPMENT SHOULD INVEST?

What is real estate sales? Should invest in house for rent in District 2?

1. The concept of real estate sales

Real estate foreclosure is a form of foreclosure of real estate assets when borrowers who owe the bank cannot afford to repay the loan. People who need a bank loan for business investment in the form of a mortgage loan of assets such as house, land, car,... When the borrower fails, goes bankrupt or defaults, the bank will take the property. That mortgage of the borrower is sold publicly according to the law to recover the debt that the borrower has borrowed. After selling and getting the debt back, if the balance is left over, it will be returned to the borrower.

When the borrower is unable to pay the debt, the property is taken to be disposed of.

2. Order of asset sale

The sale of property must have a process in accordance with the provisions of law. These processes must also be made public so that the parties know the specific information and time as follows:

Give notice of sale of collateral

Written notice will be sent to the parties including the property settlement documents. Specific information on the disposition of assets will be sent before the transaction is made. Notes include:

• Specify the reason why the property is being disposed of.
• Details of the property to be handled.
• Guarantee of obligations.
• Information about the time, place and form used to dispose of the property.

Processed property valuation step

If in the loan agreement the collateral has been assessed, then according to the agreement. If the property has not been valued, the property valuation will be determined based on market factors to give a reasonable price.

Property Auction

When the borrower is able to pay the bank debt before the property is disposed of according to the agreement, the bank will return the collateral to the borrower. In case the debt repayment time before the property is handled is prescribed by law, the party will decide whether to return the property or continue to handle the property based on the time of debt repayment. The property being put up for auction is the property in the loan agreement of the two parties. Auction proceeds from the collateral will be returned to the previous owner.

Payment step after auction

The money received from the auctioned property will be used to pay for records maintenance, seizure and disposal fees. The remaining balance will be paid by the parties as agreed upon or prescribed by law.

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The sale of mortgaged property needs to be carried out in accordance with the legal process.

Transfer of property ownership

The buyer of the property being put up for auction after a successful auction becomes the new owner of that property. Procedures for transferring property ownership will be carried out by competent authorities in accordance with the law.

3. Should the publisher buy forever?

Many people believe that the purchase price of a house is always cheaper than the market price. However this is not always true. In order to find and buy a house for sale at a low price, buyers must have inside information. Not to mention, buying a house forever often makes many people shy because of the legality. Because then, the buyer has to work with two parties including the bank and the owner of the property for sale. Through the bank's referral to get asset information is not always reliable. If you accidentally buy a house and the previous owner does not agree to the sale, the process of transferring ownership will be prolonged, while the buyer has paid for the property. 

Investors who intend to invest in low-priced homes through mortgage auctions need to have a reliable source of information about the price, legality, and true value of the house to avoid waste that investment.

Currently, to invest in real estate, investors can choose from many forms such as buying houses in the project, renting houses for sublease, etc., in many potential areas of large urban areas. Ho Chi Minh City, Hanoi,...

4. Rent a whole house in District 2 with legal guarantee

Although the tenant is not directly involved in the owner's legal problem, however, if living in a home has legal problems between the owner and another party, it can affect the tenant's life. Especially the problem of living and working time will be affected and interrupted. Therefore, when renting a house, especially a house with a high value, the tenant should ask about the legal status of ownership of the house. Tenants, who intend to rent for a long time or rent for business, need to have a guarantee of stability at a location during the intended time. Landlords for large and potential customers will not refuse to provide information about the condition of the house. So that tenants can have peace of mind and owners also get a stable income every month.

>>>>> House for rent in district 2

Real estate investment in Ho Chi Minh City has a lot of potential when investors know how to choose products and investment areas.

Thao Dien is a busy area that is considered to have a good quality of life. The townhouses of the District 2 Thao Dien project attract many investors because of their convenience and economic potential. Because the daily projects are carefully calculated by the investor in terms of location, favorable social factors for life, the rental price is high. The townhouses in district 2 Thao Dien belonging to this housing project are legally safe thanks to the reputation of the investor. Therefore, renting a house in q2 in the form of renting a whole house in Thao Dien District 2 is usually provided by the lessor with specific information about that house. In addition, individual houses here can also be rented cheaply after being built for many years. Cheap townhouses in District 2 can be split up for many people to rent together for income when the owner is no longer there. This helps preserve the value of the home without having to sell it for a lower price than it was when it was purchased. For busy areas, it is possible to lease business premises with higher rents thanks to a favorable location.