Enshi Prefecture commercial housing transaction risk warning As the positioning of "houses are for living in, not for speculation" becomes more and more profound, real estate regulation has become more mature.

The continuous changes in regulatory policies have increased the complexity of market judgment for home buyers. In order to ensure the legitimate rights and interests of home buyers, please beware of the following risks when trading commercial properties: 1. Real estate development companies do not obtain the "Commercial Housing Pre-Sale License" and sell without authorization

Commercial housing, and collecting purchase money, subscription money, deposit, reservation payment and other payments from home buyers is a risk.

2. There is a risk if the commercial housing pre-sale fund supervision bank and regulatory account provided by the real estate development enterprise is inconsistent with the information published on the commercial housing pre-sale license.

3. It is a risk that real estate development companies require home buyers to transfer the purchase money into a special account for pre-sale funds for non-commercial housing.

4. It is a risk for real estate development companies to sell commercial housing at a price higher than the registered price.

5. Real estate development companies that only sign offline commercial housing sales contracts and fail to sign and file them online in a timely manner are at risk.

6. It is a risk that a real estate development company sells commercial housing at a price significantly lower than the market price in the name of one-time payment, group purchase fee, deposit, etc.

7. It is a risk for a home buyer to sign a purchase agreement, contract, subscription letter, or pay a deposit, earnest money, or earnest money with a real estate agency that has not been registered as a real estate agency or has not been entrusted.

8. It is a risk for real estate development companies to sell commercial houses by means of return-to-cost sales or disguised return-to-cost sales, crowdfunding to buy houses, leasing for sale, property leaseback, after-sales leasing or disguised after-sales leasing.

9. The planned purchase of a commercial house involves risks such as mortgage, judicial seizure and other rights.

10. It is a risk if the advertising, sales or verbal promises of intermediaries of real estate development companies are inconsistent with the contents of the commercial housing sales contract or the actual situation of the commercial housing.

11. It is a risk if real estate development companies or intermediaries assist home buyers to provide false certification materials to defraud home purchase qualifications or to circumvent sales restriction policies.

12. It is a risk for home buyers to illegally use financial products such as business loans and consumer loans to pay for home purchases.

13. It is a risk if real estate development companies and home buyers sign "double contracts" such as decoration and decoration in addition to commercial housing sales contracts.

14. It is a risk if the developer promises the buyers free green space or builds illegal buildings.

15. It is a risk if the developer promises to build a residential property that can be converted into a commercial property.

16. It is a risk if the developer promises that the commercial operation can connect residential gas to households.

State Bureau of Housing and Urban-Rural Development, Office of the State Headquarters to Prevent and Resolve Financial Risks, October 15, 2021