Deputy General Director of Him Lam real estate company, Ngo Quang Phuc shared, the law now provides quite a number of legal basis to protect home buyers formed in the future.

In this legal forest, there are two types of simple and effective papers, namely the written notice of the project eligible to sell the house issued by the Department of Construction and the guarantee certificate of the bank. Customers have the right to request that two types of documents be considered as current standards. If one of these "laissez-passers" is missing, customers should be cautious when deciding to buy a home.

A written confirmation of eligibility for a future home sale by the Department of Construction has the meaning that the project has completed its legal filings and has completed its foundations. This is the legal time (regulated by the law) project investors are allowed to mobilize capital from customers. The added security of the buyer is usually the pace of projects announced by the Department of Construction to qualify for capital mobilization, which is preparing to build the body.

                                   

The law stipulates that if you want to sell your house on paper (the project will be formed in the future), the investor must have a letter of guarantee from the bank and the Department of Construction will inform the project that the project has been qualified.

Meanwhile, the guarantee letter issued by the bank is meaningful, if the investor does not hand over the house on time, the credit institution will replace the investor compensation for damages to customers. Guarantees are available in two forms: one for unsecured loans (based on corporate credit ratings) and two for secured collateral (collateral). If you buy a house in the future, check for this deed, customers can be assured of the project has been carefully screened by many credit institutions. This is also a provision in the law

According to Article 56 of the amended Real Estate Business Law, from 2015, project owners before the sale or lease of houses built in the future must be guaranteed by commercial banks for financial obligations. . In cases where the investor fails to hand over the house according to the committed schedule, the purchaser or the lessee may request the bank to refund the advanced amount and other amounts under the signed contract.

This provision has been applied for nearly 2 years and has contributed to increasing transparency and safety for the project and avoiding the risk for homebuyers. This regulation locates real estate developers in two directions. Firstly, the sale or lease of houses in the future must be guaranteed by a commercial bank. Second, if you want to avoid the guarantee process, the business must build a new project to sell.

Mr. Phuc added that in addition to the two simple and easy legal bases, in order to avoid risks, investors and customers buying a project house can screen information using a number of manual methods. . For example, look up the history of the formation and operation of the project investor on the mass media. Another effective way is to spend a few hours in the field (the project area is located) in the field. You can sit in the nearby clinics to hear local news or random interviews in this area to get more out of the news than real estate brokers to get more. The basis when making investment decisions.

 

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