In order to realize my dream, I didn't have much money on hand, so I chose to apply for a Xinqing'an mortgage loan and hastily bought a house with a loan term of up to 40 years. However, I didn't expect to regret it after moving in.
The remote location, long commuting time, and unstable jobs make the monthly mortgage pressure like a mountain, making people start to wonder whether they should sell their home and start over.
However, when I thought about the additional tax burden that the "real estate integration tax" might cause, I was unable to make up my mind.
Recently, I have started to hear about similar cases frequently. A large number of people rushed to grab the Xinqing'an loan a while ago. They entered the market without evaluating and considering it clearly. Now they are facing the fundamentals of the problem, but they don’t understand the regulations very well and don’t know what to do!
It’s true that many people don’t have a clear understanding of the real estate tax. Let me clarify one key point for everyone: “Real estate tax is only levied on profitable transactions.” If you don’t make any profit from the price difference when you sell your house, you will not be taxed at all.
In other words, if you just want to reduce stress rather than make a profit from it, there is no need to worry about being taxed heavily.
Therefore, the key lies in the purpose of your exit: is it to relieve stress, or to make a profit from the price difference?
If you just want to reduce the pressure, it is actually a more pragmatic option to deal with it as soon as possible while the housing prices are still holding up.
Even if the transfer is flat or the loss is small, it can relieve the heavy financial pressure and avoid the situation from getting worse in the future while minimizing the loss.
If you just want to make a profit from the price difference and buy in a remote area, it will be difficult to make a profit without waiting for more than ten or eight years, so don't think too much.
It is recommended to calmly assess your own situation, clarify your goals, and then decide on the next step.
You may want to consult a few reputable real estate agencies to understand the current market conditions and possible exit methods. If you want me to help you sell the property, that's fine too. After all, I also have real estate trading qualifications issued by the government.
Buying the wrong house is not the end of the world. Only by finding the right way to deal with it can you truly relieve your stress and get back on track.
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