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on september 26, according to the hangzhou real estate agency industry association, in order to further promote housing consumption and better support rigid and improved housing needs, today, the hangzhou real estate agency industry association issued the "notice on organizing commercial housing "old for new" activities", encouraging those who intend to change houses, developers and brokerage agencies to sign a three-party service agreement, lock in new housing sources and set a certain period of "free period". if the old house is sold during the "free period", the purchase of the new house will continue; if the old house is not sold, the real estate developer will unconditionally terminate the subscription agreement.

faq

question 1: how long will this event last?

answer: the planned implementation period is from september 2024 to september 2025, and will be extended after expiration depending on the situation.

question 2: who are the participants in this event?

answer: people who are exchanging old houses for new ones, new commercial housing developers, and real estate brokerage agencies throughout the city.

question 3: what is the main content of this event?

a: the house-changer, the developer and the brokerage agency sign a tripartite service agreement. the house-changer signs a commodity housing subscription agreement with the developer and pays a certain amount of deposit, setting a certain period of "free period" to lock in the housing supply; at the same time, the house-changer entrusts a new house project cooperative brokerage agency to list the old house for sale. if the old house is sold within the "free period", the purchase of the new house will continue; if the old house is not sold, the subscription agreement will be unconditionally terminated, the deposit will be returned to the house-changer, and neither party to the transaction will be liable for breach of contract.

question 4: how does the room-swapper participate in the activity?

answer:

(1) log in to the "zheliban-ehousing-trade-in" activity page and select the new housing project you prefer.

(2) select the desired property through detailed negotiation at the project site.

(3) complete the online listing of old houses under the guidance of project site staff.

(4) complete the offline signing of the tripartite service agreement under the guidance of the brokerage agency’s practitioners.

(5) implement the tripartite service agreement.

question 5: how long is the “free period”?

answer: the specific details shall be subject to the agreement between the three parties, which can generally be within 90 days from the date of signing the tripartite service agreement.

q6: what is the deposit amount for purchasing a new house? how to keep it safe?

answer: the specific amount of the deposit is subject to the agreement between the person changing the house and the developer. in order to effectively protect the rights and interests of the home buyer, the deposit for purchasing a new home under the "old for new" activity is entrusted to the designated evidence account of the hangzhou national notary office of zhejiang province for management.

consultation hotline

the notice is as follows:

on organizing and carrying out commercial housing

notice of "trade-in" activity

all relevant units:

in order to further promote housing consumption and better support rigid and improved housing needs, it is decided to carry out the "old for new" activity for commercial housing in our city. the relevant matters are hereby notified as follows:

i. organization and implementation

the hangzhou housing security and housing management bureau and the housing and construction bureaus of each district, county and city provide guidance and support, and the hangzhou real estate agency industry association organizes and implements it.

2. activity time

september 2024 - september 2025.

3. participating entities

people who are changing their houses through “trade-in”, new commercial housing developers, and real estate brokerage agencies throughout the city.

iv. activity content

the house-changer, the developer and the brokerage agency sign a tripartite service agreement. the house-changer signs a commodity housing subscription agreement with the developer and pays a certain amount of deposit, setting a certain period of "free period" to lock in the housing supply; at the same time, the house-changer entrusts a new house project cooperative brokerage agency to list the old house for sale. if the old house is sold within the "free period", the purchase of the new house will continue; if the old house is not sold, the subscription agreement will be unconditionally terminated, the deposit will be returned to the house-changer, and neither party to the transaction will be liable for breach of contract.

5. how to participate

1. sign a three-party service agreement. the house-changer logs on to the "zheliban-efangtong-trade-old for new" activity page to browse and select the desired new commercial housing project housing, complete the online listing of second-hand stock housing and the offline signing of the three-party service agreement under the guidance of the corresponding project site staff and brokerage agency practitioners, and pay the new house subscription deposit to lock in the intended housing source (the specific amount of the deposit is subject to the agreement between the house-changer and the developer, and is entrusted to the designated evidence account of the hangzhou national notary office of zhejiang province).

2. upload the three-party service agreement. after the agreement is signed or stamped by the three parties, the brokerage agency staff will enter the main contents of the agreement in the "trade-in three-party agreement entry" module of the hangzhou second-hand housing supervision service platform and upload the electronic file of the agreement.

3. fulfill the tripartite service agreement. within the period specified in the tripartite service agreement (subject to the tripartite agreement), if the second-hand stock housing is sold, the deposit will be transferred to the developer, and the house changer will go through the procedures for purchasing the newly built commercial housing according to the agreed process; if the second-hand stock housing is not sold, the deposit will be returned to the house changer.

6. consultation hotline

attachment: hangzhou commercial housing "old for new" tripartite service agreement.doc

hangzhou real estate agency association

september 26, 2024