Bao Weiming said, "Our household registration has already been transferred to Shanghai. You can transfer yours here. I know people in the village committee here and can help you with the process."
Mr. He pulled He Wenlin aside: "You really want to buy this place in the countryside? The prices are so high. It's better to buy an off-plan apartment in the city and renovate it when you have the money."
He Wenlin couldn't very well tell her father that this place was going to be demolished in the future.
All I can say is: "Buy it if the price is right. You have to wait for off-plan properties. Listen to me, buy it if it's a good deal, but you need to know if you can get a loan."
After He Wenlin finished speaking, she asked Zheng Juan, "If we buy a house here, can you handle the loan?"
Ask questions first before discussing prices.
Otherwise, if we reach an agreement but then there's no money to pay, wouldn't that be a waste of everyone's time?
He Wenlin emphasized, "I don't want loans from finance companies, I want loans from regular banks."
Finance companies are essentially loan sharks, and He Wenlin doesn't want to get involved in that kind of business.
In fact, rural houses cannot be mortgaged, but He Wenlin knew that real estate agents must have connections.
“Okay, but…” Zheng Juan rubbed her thumb and forefinger together.
Everyone knows what this action means.
He Wenlin said to Bao Weiming, "Houses in the city cost around 1,100 or 1,200 yuan per square meter. This is the countryside, so the price per square meter can't compare to the city. I can offer 68,000 yuan, but you have to help us transfer our household registration here."
Upon hearing the price, Bao Weiming almost jumped up: "Sixty-eight thousand? You've cut it in half! No way, I can only give you a discount of two thousand at most."
Mr. He looked disgusted: "Sixty-eight thousand is too much. This old house is almost ten years old. I wouldn't even want it for sixty thousand."
He really didn't want it.
This is the countryside.
If you have the money to buy here, you might as well go back to your rural hometown and build a new one, since it's all rural anyway.
The more He thought about it, the more he felt it wouldn't do, and he pulled He Wenlin out, saying, "I'm not buying anymore, I'm not buying anymore."
He Wenlin was furious.
"Dad, can you listen to me?" He Wenlin knew that her father wasn't faking it; he genuinely didn't want to buy it.
"You're spending so much money to buy a rural house that other people don't even want?" Mr. He said. "You've made a little money, do you really think you're invincible?"
He Wenlin lowered her voice and said, "This place will be demolished in a few years, believe me! I got the information from the bank."
At this moment, He Wenlin and her family, along with the real estate agent couple and Bao Weiming, came out.
He Wenlin said to Bao Weiming, "My dad thinks it's too expensive and doesn't want to buy it. Uncle Bao, can you make it cheaper? The old house itself isn't worth much."
"Then 68,000 is too little, my place is so big."
"118,000 is too much. How much does it cost to buy a house in the city? The larger the house in the city, the lower the price per square meter. Plus, you can get residency by buying a house in the city."
Bao Weiming hesitated for a moment, then finally said, "One hundred thousand, that's the lowest price!"
"80,000 yuan, you must help us transfer our household registration here."
"No, 100,000!"
"Eighty thousand!"
...
Seeing that neither of them would back down, Zheng Juan said, "I think you should each take a step back. How about 88,000? It's an auspicious number."
Bao Weiming hesitated for a moment: "Okay, then it's 88,000, but I need to get the money before National Day."
"This price is acceptable, but I need a loan, Aunt Zheng, is that possible?"
Zheng Juan: "How much do you want to borrow?"
Father He: "We..."
He Wenlin interrupted her father, saying, "The largest loan amount! A ten-year loan!"
Mr. He got anxious: "Do you even know how much interest we'll have to pay with such a large loan?"
Mrs. He: "That's right. If we repay the loan for ten years, it's like we're working for the bank for ten years."
He Wenlin: "What are you afraid of? We'll take out a ten-year loan, so the monthly payments will be low. If we take out the maximum loan amount, we'll still have some money left over to buy a car. The egg roll business is so good right now, we can't do without a car. Besides, our business is getting better and better. Don't you think the house over there is too small?"
There are four rooms over there, but they are much smaller than this one.
Business is getting better and better, and if we want to add more equipment, we'll need to rent another place.
If we buy this place, then this won't be a problem.
After careful consideration, He Wenlin's parents felt that what she said made a lot of sense.
At this moment, Wang Daqiang made a phone call outside and said, "The maximum loan is 55,000 yuan. It's not from a bank, but from a credit cooperative. The interest rate is 6.2%, but the maximum loan term is five years."
This interest rate is not low.
The loan amount is 55,000, which means a down payment of 33,000. Adding the 2% commission, the total is 33,000.
He Wenlin can afford it.
"How much is the monthly payment?" Mrs. He asked quickly.
This is also the issue that everyone is most concerned about.
"The monthly payment is around 1068 yuan."
Zheng Juan laughed and said, "This amount of money is nothing to you business people."
The monthly payments weren't a big burden, and the term was only for five years, which relieved Mr. and Mrs. He.
“If you have the money, you can repay the loan early without any handling fee,” Wang Daqiang said. “But if you apply for a loan, there will be a 2% handling fee, which is 1,100 yuan.”
He Wenlin knew that the handling fee was actually split 50/50 between the intermediary and the credit union.
“Okay, let’s draft a contract then, but I require it to be notarized,” He Wenlin said.
This type of house does not have a property ownership certificate, and He Wenlin was worried about future disputes, so she requested notarization.
"Oh, and you also need to help us transfer our household registration here." He Wenlin emphasized again, "I need to go back to school after the New Year, and I can't do it without household registration."
"The deal is already half done," Zheng Juan said with a smile. "No problem at all. Here's the deal: you pay a deposit of five thousand yuan first, we'll write a receipt, then we'll sign the contract. After that, Lao Bao, please help with the household registration transfer. Their child still needs to go to school; it's a big deal and can't be delayed."
Bao Weiming: "No problem."
“We definitely can’t carry so much money with us. How about this, I think a van can fit everyone, so let’s all take the van to the bank, make the payment, and I’ll transfer the money directly to you. Then we can write all the contracts and receipts in the bank lobby.”
"You and my parents should go to the notary office to get this notarized. Once it's notarized, then we can deal with the household registration issue."
"Okay, let's do it that way then," Wang Daqiang said. "Old Bao, what do you think?"
"I'm fine with it too."
"Okay, it's settled then. Let's go to the bank."
Then the group went to the bank together.
He Wenlin transferred 5,000 yuan directly to Wang Daqiang's account. Then, He Wenlin looked at the contract again and had them write a note acknowledging receipt of a 5,000 yuan deposit, and put their fingerprints on it.
The rest was handled by Mr. and Mrs. He.
He Wenlin had to rush back to cook.
Before leaving, he gave Mr. He a few more instructions and gave him a red envelope containing 1,600 yuan, asking him to give it to the village committee leaders to expedite the household registration process.
A 1,600 yuan red envelope is quite a lot, considering how little his salary is.
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