Buying a second-hand village house can avoid the risk of government not granting the Certificate of Compliance. At present, new-style village houses are generally built like housing estates with well-managed gardens, parking lots and playground.
Property Tips
What are the procedures when buying second-hand properties?
The first thing to do when buying a flat is, of course, to look for one and conduct an ocular inspection of the building. Many real estate agencies list properties on their websites and mobile apps.
What should buyers pay attention to when buying an uncompleted flat?
Staged payments are generally provided in new properties, but mortgage payment installments can also start immediately. The advantage of opting for immediate mortgage installment payment is the buyer can enjoy a higher discount from the developer, but the former needs to start repaying the mortgage loan even before the property is ready for occupation.
What are the procedures when buying a new flat?
The law requires developers to issue sales brochures at least 7 days before the start of sales of flats in a new project to ensure homebuyers have sufficient time to scrutinise essential pieces of information relating to the property, including its location, estimated completion date, floor plan and size of flats.
![[Property Inheritance] How to Distribute Property Ownership after Death](https://res-cms.midland.com.hk/property-news/wp-content/uploads/2021/02/iStock-1040824672-380x280.jpg)
[Property Inheritance] How to Distribute Property Ownership after Death
If the deceased owned a property or part of the property interest, it does not necessarily mean that his/her successor could inherit the property ownership. One has to note that if the deceased co-owned a property with other person(s), the successor might not be the one who inherits the property interests.
![[Mortgage Tips] Save Taxes by Transferring Property to a Close Relative](https://res-cms.midland.com.hk/property-news/wp-content/uploads/2021/02/iStock-943940212-380x280.jpg)
[Mortgage Tips] Save Taxes by Transferring Property to a Close Relative
Like ordinary property transactions, such transfer entails the engagement of a solicitor to handle the agreements for sale and purchase, and schedule a transaction date. Hence, solicitor’s costs is inevitable.
![[Property Owner Guidebook] 10 FAQs for Renting out a Mortgaged Property](https://res-cms.midland.com.hk/property-news/wp-content/uploads/2021/02/iStock-1130833057-380x280.jpg)
[Property Owner Guidebook] 10 FAQs for Renting out a Mortgaged Property
Banks in Hong Kong have been known for low interest rates. Rents of most of the properties could cover the monthly mortgage payments. Therefore, some investors would rent out a property right after buying it in order to earn stable passive income. Below are 10 frequently asked questions (FAQs) about how renting out a property would affect mortgage application.
![[Rookie Homebuyers] 7 Things to Know before a Property Visit](https://res-cms.midland.com.hk/property-news/wp-content/uploads/2021/01/iStock-1193522577-1-380x280.jpg)
[Rookie Homebuyers] 7 Things to Know before a Property Visit
In response to rookie homebuyers’ call for information, we have summarized 7 tips below that all of you can consider to make your home purchase journey a blessing instead of a burden.
Renting a Domestic Property
When it comes to renting a domestic property, it is important to know your rights and responsibilities as a tenant. Many things you should pay attention to when you are searching for a property and before entering into a tenancy agreement.
Purchasing a Domestic Property
Buying a property is an important decision for many people. You are advised to pay attention to the following information and tips to have a good preparation.
Selling a Domestic Property
To sell a domestic property may not be an easy task. If you want to make the selling process easier, don’t miss out the following information!
Purchasing First-hand Residential Property Journey
Purchasing first-hand residential property is a significant decision for most of the people which usually cost a considerable amount of money. You are advised to pay attention to the following steps before buying first-hand residential properties to avoid any money loss.