There are a number of important factors to consider when selling your home in China. In this article, we’ll discuss Social media, the number of floors, Escrow arrangements, and more. By the time you’re finished reading, you’ll know exactly how to sell your home in China! Hopefully, you’ll feel more confident about selling your home in China than ever before! And don’t forget to share this article with your friends and family.
Social media
Using social media before selling your home in China is an increasingly common practice. Chinese people are more active on social media than other nations, and more than 80 percent have multiple accounts, use local players, and use mobile technology. While Chinese social media has become increasingly popular, there is still no standard measure of how effective a particular strategy is. Chinese people are often skeptical of authority and formal institutions, which means it can be challenging to determine whether your online presence is effective.
Number of floors
Before selling your home in China, you may want to consider the number of floors. In Western cultures, the number 13 represents bad luck, so many high-rise buildings in China change it to the number 13A or 13B. In China, however, the number thirteen is often associated with death and may be undesirable. So, consider how much your floor is worth and if it is important to you. Then, decide if you really need a floor that high.
Escrow arrangement
It is customary in most countries to use an escrow arrangement before selling a property. But in China, this is not always the case. In Shanghai, for example, the down payment and earnest money are paid directly to the seller’s bank account. In other cities, such as Shenzhen, the escrow arrangement is not necessary, although some buyers may prefer this method. In any case, there are certain factors to consider.
Taxes
One question you should ask yourself is whether it is worth paying taxes before selling your home in China. In many cities, such as Shanghai, 80 percent of a person’s wealth is tied to real estate. In that case, a decrease in property values could make them feel poorer and less willing to spend. However, press offices of the state council have not commented on this issue. But the answer may be no.
Rent yield
While it’s difficult to gauge the true rental yield of a Chinese property, the average rent yield for 50 Chinese cities fell to its lowest level in four years in June, according to a survey by Shanghai-based E-house China R&D Institute. In Xiamen, rental yields fell by nearly one-third, from 1.9 per cent to 1.2 per cent. That means you can expect to recover your investment in more than 100 years.
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