Want To Sell House But KPR Has Not Been Settled? Here’s how!

Want To Sell House But KPR Has Not Been Settled? Here’s how!

Aside from being a shelter and unwinding, a house must have its own meaning for everyone. But in the end sometimes there are times when we are ‘forced’ to sell the house.

The problem is, how to sell it if it turns out your home mortgage has not been paid off? The answer, of course, can and is actually easy to do. What is clear there are several reasons why someone wants to sell his house even if the mortgage is not paid off:

Usually because you want to buy a bigger house or move to a better location.
It could be because it is facing financial difficulties so that one way to reduce the mortgage loan repayment is to sell the house.
Yes, you can indeed sell the house-even if the mortgage is not paid off-because the house purchased with the mortgage is already yours. Just what you need to understand:

Because the purchase of the house is done by borrowing to the bank, the Certificate of Property (SHM) as proof of ownership of the house is held by the bank as collateral.
If you do not fulfill such obligations as repayment, the bank has the right to confiscate and sell the house to cover the unpaid debt.
So, if you really want to sell the house, then you as the owner and the borrower who must sell it. And then pay off your remaining debt obligations taman minimalis to the bank. For that there are several ways that can be done, such as:

Pay off the remaining mortgage repayments

Because it still has obligations to the bank, then you must pay off the rest of the mortgage to the bank. Once paid, the bank will hand over the title certificate to you. After that you can sell the house to others.

This step is called accelerated payback. The point is, you have to pay off more quickly than the specified time period. And because it is accelerated then there will be a fine that must be paid by you as a borrower. Usually a fine is calculated as a certain percentage of the remaining loan.

This is the easiest way though not the easiest because you have to have enough money to pay off the rest of the bill plus the fine. So what if you do not have money to pay off?

Sell ​​his house

Yes, just sell the house to someone else. How? You have to find a buyer. And since the house is purchased with a mortgage loan, where the certificate is still held by the bank, the buyer must be informed from the beginning.

Once you find a buyer and an agreement on the sale price of the house, then the process is:

The buyer settles the mortgage liabilities to the bank so that the certificate of interest and certificate can be issued by the bank so that the legal status of the house is not a guarantee anymore.
The buyer pays to you as a seller. From the agreed sale price, the remainder of what has been paid to the bank must be given to you as a seller.
After repayment to the bank and advance payment, the next process is a contract of sale and purchase in front of the notary by signing the deed of sale and purchase to change the legal ownership.
In this process, the understanding of the prospective buyer is very necessary because the buyer must pay first, just some time later the certificate can be issued by the bank.

You have to realize, not all buyers want to do this process. Usually because of concerns such as certificates that do not go out even if paid in full. To fix this, you need to use a notary service to convince potential buyers that the process is done correctly.

Over KPR Loans

This is the most common way, potential buyers make purchases over credit. There are two options:

Take over mortgages to the same bank. The buyer proceeds the loan at the same bank.
Moving mortgage to another bank. The buyer resumes the loan at a different bank.
The advantage of choosing a home loan take over with the same bank is the buyer and the seller do not have to bother because the house documents that will be bought there at the bank. All it takes is to complete the requirements to be filed to the bank.

But if prospective buyers choose to use a different bank, the process of over credit will be more difficult. Because each bank has a different policy. This over-credit process could have failed if the bank refused a prospective buyer’s mortgage. Therefore you must be prepared to face it.

You should also make sure that potential buyers make a down payment to you first. This advance is your ‘profit’ selling the house.

For example, the sale price of a house is Rp 1 billion with the remaining mortgage debt of Rp 800 million. Then you need to make sure that the remaining Rp 200 million is paid by the buyer to you.

For the buyer, the mortgage value can be 800 million or 1 M, it all depends on the value evaluation (appraisal) of the house when the loan is submitted. Maximum mortgage from bank is 80% of home value.

Can Heritage House? Take advantage of It!

Can Heritage House? Take advantage of It!

When you get a legacy of old houses, you are lucky. Some old house foundations are usually more sturdy so long lasting. The problem is, many are not interested in the old house.

The old house has an old-fashioned, spooky look and the design is of course not up to his new taste-unless the owner is a vintage-style fan.

No need to be confused, and sell it is not necessarily the solution. If you are still affectionate with the house and still want to use it as an investment, old house much pointless.

Here are some of the old house benefits if you want to use them as want to use them as a business investment.

Use as restaurant

Cafe or restaurant with the theme of old times and vintage always appeals to some consumers. Vintage style gives the impression homey as if it was in the cat rumah minimalis home of parents so that visitors to feel at home for long.

Find an investor, then turn your old house into a pretty cafe or restaurant. Serve home-cooked food with an eye-catching look.

Use for rent

Not a few foreign workers who live in Indonesia are interested in ancient homes that seem ethnic and traditional.

Beautify your home, clean the inside, and paint back the peeling wall. There are several websites that you can use to promote your home for rent, for example Homeaway.

Use as a simple hotel

Ever wanted to own a vacation home and provide a room for tourists? Just use your private home.

Use each room for rent at low prices. Now, not a few tourists who prefer the cleanliness and atmosphere of home rather than a luxurious atmosphere. Show the facilities and the beauty of your home through airbnb.

Use for rent as meeting place

Most houses that are rented daily do not allow their guests to use them for certain events. You must apply otherwise.

Rent your home for certain events such as family gathering, arisan antarteman, potluck, even a simple wedding. You can promote it on social media.

PT. Modernland Realty Tbk. Won APTI-III-2016 Award

PT. Modernland Realty Tbk. Won APTI-III-2016 Award

PT. Modernland Realty Tbk. Received the award of the Indonesian Open Company Award III – 2016 (APTI-III-2016). The awarding for open companies (Tbk.) In Indonesia is the third time.

The objective of the APTI-III-2016 is to give awards to the growth of the company’s performance (delta growth) 2015, rewarding significant contribution to business development and economy in Indonesia. So that every company is encouraged to improve the achievement and important role in national economic development, through the improvement of performance, professionalism, and competitiveness of the company.

Located at Balai Kartini, Friday (21/10), the award of Anugerah Perusahaan Terbuka Indonesia III – 2016 was received by Cuncun Wijaya, Corporate Secretary of PT Modernland Realty Tbk. “We are grateful and grateful for the award of the Indonesian Open Company Award III 2016 Received by PT. Modernland Realty Tbk. This is the result of the hard work of the whole team, “Cuncun told Rumah.com.

Cuncun said in October 2016, sales achievement (marketing sales) PT. Modernland Realty Tbk. Exceeding the target set for 2016. Where until the third quarter of 2016 PT Modernland Realty Tbk. Managed to book sales (marketing sales) of Rp. 962 billion.

And still in October 2016, the company managed to sell the land in Jakarta Garden City, East Jakarta worth Rp3, 4 trillion to Joint Venture (JV) company whose shares are owned by PT. Astra Land Indonesia (a 50:50 joint venture between PT Astra International Tbk and Hongkong Land Group Limited) and PT. Mitra Sindo Makmur (a subsidiary of PT Modernland Realty Tbk).

“Up to October 2016, the company managed to achieve sales (marketing sales) of Rp4, 3 trillion. This means that the achievement of marketing sales exceeded the 2016 target of marketing target set at Rp 4.2 trillion, “said Cuncun.

The 70-hectare 70-hectare urban housing development project in Jakarta Garden City, East Jakarta, is aiming to accelerate the realization of Jakarta Garden City as a township-self-contained township. This area is the largest independent city located within the city of Jakarta.

Development will be done gradually by prioritizing the functions that make a township come alive. The property products that will be created in this cooperation project include housing, apartments, commercial area and public open space area which is planned to be launched with the target market of middle to upper class.

In addition, in the third quarter of 2016 the Company sold 3.7 hectares of land in Jakarta Garden City to IKEA, a Swedish-based international retail company that sells home appliances. It is expected that the construction of IKEA can start immediately so that with the addition of this facility will be an added value for the area of ​​Jakarta Garden City in addition to AEON Mall which is currently in progress development and will start operating in 2017.

In terms of infrastructure, for example. Jakarta Garden City will be supported by several road infrastructure projected to be completed on time. Among others, the access toll connecting Jakarta Garden City to Soekarno Hatta Airport through Tj Priok – Ancol – Soetta Airport, Tipar – Cakung access road which makes it easier to Kelapa Gading area and access Jakarta Garden City to Jalan Raya Bekasi.

Check the Fitting Time to ask a MORTGAGE

The presence of a credit program of financing a home or a MORTGAGE is shortened by a number of banking in Indonesia, giving great opportunities for the community in realizing the plan has a home of its own.

No doubt, according to the survey which was conducted BI the 2016 Q3 recorded the fact that MORTGAGE facilities remain the first choice of consumers in the purchase of the property transaction. The survey results indicate the majority of consumers (74,77%) still choose the KPR.

Discuss more about MORTGAGES, apparently did credit rumah murah solo  application home cannot be done at any time. Considering buying a home by way of dicicil is an important decision, because it requires huge funds and high commitment.

So, to know when the right time for you to file a MORTGAGE, try to check some of the following points.

1. Determine the Home

Before filing a MORTGAGE, you should first find a home that you want. Don’t forget to consider the form, quality, location, and home prices.

If you don’t want any hassles in the Affairs of the home to determine where appropriate, practical and easy way can be done. Is reading a review of properties that can be listened to at Rumah.com.

After that, you can ask a MORTGAGE facility (mortgages).

You can choose a bank which already cooperation with developers, because it usually offers a variety of convenience and gimmick.

(Again search for a new home or apartment under at Rp500 million? Click here!)

Islamic banks also can be selected if you want the fixed monthly installment (unaffected reference interest rate naik-turunnya).

If the monthly income is not too large, you can choose the tenor (settlement period). There are currently some banks that offer the tenor of up to 25 years.

2. Financial Conditions

A good time to apply for a MORTGAGE when Your savings is enough to pay a down payment (usually ranges from 20%-30% of the price of the House). It’s better if you don’t have another installment (such as car repayments or electronic devices) or engage in debt.

In order for uninterrupted monthly expenses, MORTGAGE repayments also should not be more than 1/3 of your monthly income. If not, should you delay taking the MORTGAGE.

3. Single or married?

Many think to delay buying a home to get married. Whereas, MORTGAGE repayment period up to require decades. In addition, the rise in house prices will always be higher than the increase in your salary!

So, the sooner you file a MORTGAGE would be better. If you’re still single and young as well as old already have enough savings, immediately take the KPR!

4. Interest rates

Other factors that determine when it is appropriate to ask a MORTGAGE is interest rates. If you have enough money but are not in a hurry to buy a home, pay attention to the first MORTGAGE interest rate at that time.

When interest rates are high, delay filing until the MORTGAGE interest rates down. You can ask the help of an expert to predict fluctuations in interest rates. Remember, buying a home when interest rates are low it will save you a lot of money.

5. Fixed Workers or Outsource?

Have a steady job with a larger income can be an indication of the appropriate time ask a MORTGAGE. If you are still a contract employees or outsource, should delay taking the MORTGAGE.

The reason, the bank is easier to approve an applicant that is a permanent employees — who have a steady income per month — rather than part-time workers or outsourced.

Skilled Business Property

In the field property investment it is so tantalizing. Despite the relatively large issued capital, however this is in accordance with the profit to be earned investors as he returned the property to rent or sell.

However, apparently not all property types investment profit guarantee. If one chooses, not the investment thus not impossible fruition.

Quoted Fractiown, here are some things you need to consider before buying property as an investment instrument.

First, the location

Location factors largely determine the potential yield olx rumah solo  of the product of your property in the future. Please choose a property located in strategic locations, such as near the area offices, colleges, public facilities, and shopping centers.

The more strategic location of your property, then the faster anyway the price rise at a later date. If you want to rent it, good location also becomes the deciding factor of the high rent prices that you can wear to prospective tenan.

(Read also: Why Location plays a major role on the price property?)

The distance of the property with your residence also needs to be a consideration. As an owner, you would certainly want to make sure the condition property is always in good condition to lure prospective buyers or tenants. Therefore, make sure the location is not far from the residence.

Thus property care not to foreclose on your time and energy later.

Second, the developer’s profile

If you intend purchasing a property project which is still in the stage of development to get a cheap price, then look at the properties of a project developer profile.

Find out about their portfolio and track record to ensure his credibility. This is important, because you would certainly not want the process of construction of the property that you have purchased stuck in the middle of the road because the developer has no responsibility.

The easy way to find out what projects and their developer profile that he can already be listened through the review properties that exist only in Rumah.com.

So, be sure to choose a trusted property developers and a proven reputation.

building a positive image of a property agent

Third, market trends

Always equip themselves with issues and national property market conditions will greatly help you in your choice.

Make sure the type of property that you purchase have a high market demand and the positive projections in the next few years. Be it commercial, apartment, outlets in shopping malls or Office units.

(See also: investors are obliged to recognize the Four cycles of the property)

Remember everything can only be an asset investment unprofitable, if the momentum of the market and economic conditions are less supportive.

Fourth, capital adequacy

The price of the property you buy should be organised in accordance with the purchasing power. Do not force myself because certain buying property, later You thus faced financial difficulties each month.

Determine the schema property purchases-cash or credit-also need to be considered are cooked. If you select credit way, note the payment terms offered by bank borrowers, such as the total down payment, payment, tenor and magnitude in installments every month.

Be sure to do your research and comparison in advance, so you can choose the best credit deals and best suits your needs.

(Read also: 4 Indications the Bank MORTGAGE is healthy and safe)

Fifth, the condition of the property and the status of building

If You intend to buy a second hand property of products and so on, do not forget to do a survey and inspection to ensure the properties are still in good condition.

This will help you in negotiating price, and calculate the magnitude of the costs of repairs are needed afterwards. The status of the building also should not escape the attention, because it deals with your rights over the property.

Know whether the property details with a status of property rights or building use rights only, and careful legality of certificates and permissions letter.

Local Government is expected to pay more attention to the construction of housing for MBR

Government Regulation number: 64 2016 about Low-income housing development Community, based on law No. 1 year 2011 about Housing and settlements, finally signed by President Joko Widodo on December 29, 2016.

Ali Tranghanda, observer property from Indonesia Property Watch, hope with the passage of this REGULATION may encourage the development of construction of houses for people on low incomes (MBR) so that it can meet the needs of providing shelter for the MBR.

See also: Government Admit the shortage of land for Housing the MBR

In this PP mentioned that the MBR was done to residential development land area of no more than 5 (five) hectares and at least 0.5 (zero comma five) hectares and is located in one (1) location for the construction of the House footprint.

“As for the location of housing development referred to the MBR has been in accordance with the plan of spatial locality. Besides the issue of acceleration of bureaucratic permitting also became a concern of the Government. Not to mention the coordinating team will be formed later the acceleration of housing development MBR set with a presidential decree, “explained Ali.

In order to support the Government in terms of providing a home for MBR, then this should be a priority in each local government area, given the current Government there is still much that is not completely paying attention in construction of housing the MBR.

* To know the list of subsidized home click here.

For that Ali States that discipline local Government to set up a special space will be built simple houses should be improved. The goal, to make the balance and the gap between the supply and the palatial house simple can become a community strong in one area so that mutual benefit.

Therefore the role of the Ministry of Agrarian and Spatial/National Defense Agency (ATR/BPN) will be very strategic in setting a clear space for a modest housing, which should be well integrated with node-node transport such as rail, LRT, MRT.

Thus the target development is not only based on physical, but are indeed provide the feasibility in providing his home. Imagine when House awoke the MBR but far from the highway and transit construction mission, then the MBR so distorted.

Home-Seller Program Threatened

On the other hand, although there are improvements to the trimming bureaucracy permitting, housing stimulus tax final INCOME TAX, trimming, but the most important factor that is still not fully resolved is the issue of the availability of land.

Based on analysis conducted Indonesia Property Watch Home-seller Program, initiated the Government threatened will not survive in 3 years when no instruments that can control the price of land for housing the MBR.

The availability of the land from the developer of the current MBR is expected to increasingly shrinking and will be exhausted within the next 3 years. On the other hand land prices continue creeping up. “This should immediately above by the Government, one with the formation of the land bank for housing the MBR,” Ali’s advice.

“This land Bank should be under the coordination of the housing agency are appointed. Thus between local government, developers, and small developers can partner with healthy. “

Easy Cabinet Shaker Style Interior Doors

Cabinet Shaker Style
image credit: gotohomerepair.com

Shaker cabinets are being the popular elements due to their look. They are classic, simple, yet still stylish without so many decors in it. They are suitable in any designs and styles of a kitchen, either it will be traditional or modern kitchen, the shaker cabinets could complete it well. They are often left with natural wood finish, or if you want to, you can get them stained too in any colors. The simple clean lines are elegant and unobtrusive to the eye, so find them attractive to be used daily as both the multifunctional feature and additional elements for the room where they are located.

Actually, shaker cabinets were originally made in seventeenth century, particularly in 1770s when religious movement happened. They were made due to the demand of creating simple and functional home furnishing completed with clean lines. The first when it had been made, cherry wood is the main material to be manufactured into this furniture, but now, shaker cabinets are possible to be made from wide variety of woods, such as oak woods, maple woods, pines woods, reclaimed woods, and many more. What is the difference them from another cabinet is that shaker cabinets have a minimalist look with plainness and flat panel doors with rail frames.

If you want to add the natural touch for your kitchen, you are able to consider building easy cabinet shaker style interior doors. Yes, the innovation of shaker cabinets is never meant to stop, so you now could easily bring them into your home as the perfect complement. You could also make them by yourself if you want to; the process of making them is not as complicated as you guessed before. You do not have to buy all special equipment to make them; you can do simply with a few materials.