Base on the latest Vietnam Law about the Procedure Of Buying The Vietnam's House in Ho Chi Minh City, DT Realty Expert will share your 7 steps to be owned a property, Contact us - (+84)888541515.
The time on December 10th, 2015, the Vietnam Ordinance Decree, the existing Vietnamese or company-named house, and the Second Hand House, which was once passed through the initial sale, can only be purchased by a person who has a regular work permit and a certain qualification under the existing law.
Foreigners who do not have a simple visa or work permit cannot purchase, so please make sure to check whether the purchased Vietnam house you are going to live in is available to foreigners through a real estate agent and a pre-sale company. (Under the current law, it is possible to purchase unsold or new sales, but the provisions of the law may be ambiguous and subject to interpretation)
1. Advance Preparation
In case of the desired apartment, it is necessary to find out whether the apartment is sold directly or by an investor or real estate agent.
-In the case of direct sales of apartment sales agents, you can sign the contract directly from the sales office. The terms are paid according to the period in the order of the balance of the down payment, and in the case of unsold, most of the payment can be made by paying the down payment and a certain prepayment. The safest, most comfortable and no legal issues.
-In case of investor or real estate consignment, the price of the same apartment is different for each real estate investor, and includes the real estate fee, notarization fee, interpretation fee, cleaning fee, etc., so it is necessary to check the apartment price at the apartment management office. Personally, the amount checked in the apartment management office is 2.35ty, and real estate is 2.40ty. Others suggested 2.48ty.
Anyway, if the contract is executed, the amount to be paid to the presale company and the cost to be paid to the real estate are divided, and the amount to be paid to the pre-sale account is only the amount including tax and after-service charges, so you can see the cost to go to the real estate. In the case of local real estate, it is usually appropriate to give about 20 to 40 million dong. (1% of purchase price)
-Before proceeding with a contract with a Vietnam real estate agent, it is necessary to check with the management office whether the number of apartments in the apartment is the first quantity of a presale company or a foreigner can purchase it, and it is also necessary to check whether the presale price includes tax and service charges. Included, but may be mischievous in real estate
2. Property Purchase Contract
The contract is executed by a real estate agent, a buyer, and an apartment owner (a person who sells the apartment) at the apartment sale office or real estate, and usually pays 50 million to 100 million dong as a down payment.
-Two copies of the contract are signed and when signed, they are signed by each other and kept by both parties.
-The contents of the contract should include the general contents (the area of the lake, etc.) and the total amount of the goods to be contracted.
Usually, as in any contract, the transferee says that if the balance cannot be paid by the relevant balance day, the contractor is deemed to have no intention to receive the contract and the deposit is not refunded. have. Lastly, it is also said that the contract will be invalidated and the deposit will be returned when the sale is legal or force majeure.
3. Official Contract and Notarization
-When the balance is paid to the pre-sale account through the bank, a formal contract is executed. At this time, it must be done at the local notary office. In the notary office, the transferee transferee real estate agent and the interpreter and the notary office official enter into a contract, and the notary office official asks the transferee whether they live with a real purchase intention and knows about the apartment. Tells about rights
Vietnam is judged by a notary office as a legal contract with no legal problems, and if notarized, the legal process is over. From this point on, the apartment will be transferred to the property of the transferee, and a few days later, if the real estate agent receives the notarized contract and passes it to the apartment management office, he can receive the key and move in.
4. Registration
In fact, Koreans think that it is truly mine only after the registration is over, but Vietnam is a little different. If you submit the documents that have been confirmed by the notary office to the apartment management office, the registration is requested by the apartment and the tax and registration fees are included in the sale price. In the case of unsold housing, it is said that if more than a certain number of occupants fill up, it will take place at once. There is no legal problem with sweating, buying, selling, and leasing even in the unregistered state.
5. When Moving In
-If you receive a key through real estate when moving in, you usually subtract the cost of purchasing a house and settle the cost of the real estate. For example, if you decide to purchase for a total of 2.0ty and deposit 1.95ty to a pre-sale company as a purchase price, 0.05ty is a lottery fee. Rather than giving all at once, it is better to give a certain amount of money first, and then give the remaining amount after confirmation of interior construction or defect repair. That's how you take care of it.
-If you get the key and go home, it's honestly open. You must also change the structure, such as breaking down the walls or creating a new room. In the meantime, if the real estate has done the job reliably, you can request a real estate agent to get an interior estimate. At this time, it is necessary to receive at least two estimates and proceed with the construction, and check whether or not it is conducted from time to time.
-The reason for commissioning a real estate project is that it is more advantageous to ask the company to put in real estate if repair is required. (Vietnamese real estate agents pay much attention to the landlord's position as the landlord is in charge of receiving a month's fee for a contract when the landlord rents the house.)
6. Post Service
Since the repair cost is included in the total price of each apartment, you can request the repair service through the real estate. The period is usually 5 years.
7. Lease:
- Registered right is received 6 months after payment is fully paid. Pink book. Foreign individuals can also rent.
- If you set the monthly rent without the registration right card PINK BOOK, you can consult with the tax office.
- There is no problem in the lease contract with the company, and foreign individuals can also rent. There are no detailed instructions yet.
- Pay monthly 5% VAT (decrease) and 5% personal income tax. - tax
- If the monthly rent is US $ 2,700.00 (rental fee 2,200, tax 200, electricity fee 100, internet 50, administrative fee 150, etc.)
- In Ho Chi Minh City, there are still few places where foreigners can live. Serviced apartments are also lacking.
If you sell the apartment in the future, is there any problem in sending the sale to Korea?
I still know more. Since my acquaintance can't speak Vietnamese, I participated directly from contract to notary. Otherwise, the bank accountant who deposits
Suspected by Rua Tien (money laundering), a copy of his / her pay slip was submitted to the bank and the balance was deposited to the pre-sale company. In the notary process, I also asked about the source of the purchase funds. If the work permit and salary details are evidence, the purchase seems to be no problem. In the future, it seems no problem if both cities are evidencing and proceeding according to tax or legal procedures.
As I proceeded, I was very confused as to whether there was no experience with each other through contracts, accounting, notarization, etc., as verbal communication problems, banks, pre-sale companies, and notary shops were not familiar with the purchase procedure for foreigners.
The conclusion is that purchasing directly from a pre-sale company such as Phu My Hung, rather than an investment company or real estate, is an easy legal process or process.
In the case of the Hanbei family, there are people who do it in the name of Vietnamese wives and others who do it in common names. Of course, we buy local houses and shopping malls.
Perhaps, the new pre-sale items will be subject to the division of houses like Phu My Hung Construction Company.
However, in areas where development such as Ho Chi Minh City or Pohang Province is expanding, it is necessary to select only limited new houses, not general patterns of Vietnam real estate investment, such as road extension areas, industrial complex entrances, and residential land development areas in terms of return on investment. From the perspective of the speculator, it doesn't seem easy.
If I know, I bought a Phu My Hung apartment in the name of a Vietnamese before 2004 and to a name loaner. He said that he would pay a certain amount of money from the rent, but at that point in time, the idea is that there is no problem of sending the amount of money sold overseas. I was worried. There is a way ...
