scratchlego| Shenzhen encourages "trade-in of-old" commercial housing
Newsletter summary
Shenzhen encourages commercial housing to "trade in old for new". According to the official account of Shenzhen News Network, recently, Shenzhen Real Estate Association and Shenzhen Real Estate intermediary Association jointly launched a commercial housing "home exchange" campaign, which aims to improve the convenience of housing transactions through a linkage model.Scratchlego...
Text of news flash
Shenzhen encourages commercial housing to "trade in old for new". According to the official account of Shenzhen News Network, recently, Shenzhen Real Estate Industry Association and Shenzhen Real Estate intermediary Association jointly launched a commercial housing "change home" campaign, which aims to improve the convenience of housing transactions through a linkage model, better meet residents' rigid and improved housing needs, and reduce the burden on residents to buy houses. The "changing homes" campaign encourages real estate development enterprises and intermediary agencies to actively participate in signing agreements with home buyers who plan to sell second-hand commercial housing and buy newly built commercial housing. Real estate development enterprises set a certain period of "termination protection period" for the new houses that the exchangers intend to buy, in order to ensure the rights and interests of the exchangers. Intermediaries will give priority to promoting the exchange of old houses, shorten the transaction cycle and improve the efficiency of transactions. Within the time limit stipulated in the agreement, if the old house is sold successfully, the development enterprise and the house changer will continue to complete the new house transaction procedures as agreed. If the old house is not sold within the agreed time limit, the developer and the exchanger will cancel the agreement according to the agreement and refund unconditionally, and the exchanger does not have to bear any liability for breach of contract. This initiative provides room changersScratchlegoMore choices and guarantees, effectively reduce the risk of changing houses, and enhance market confidence. Proofread: Yang Lilin
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