We all know that in the process of buying a house, the whole process of buying a house is not completed until the real estate certificate is obtained. Many home buyers may encounter various problems in the process of applying for a real estate certificate. Among them, the signature issue on the real estate certificate confuses many people. Some people want to write their parents’ names on the real estate certificate, so , what are the pros and cons of writing parents’ names on the real estate certificate?

We all know that in the process of buying a house, the whole process of buying a house is not complete until the real estate certificate is obtained. Many home buyers may encounter various problems in the process of applying for a real estate certificate. Among them, the signature issue on the real estate certificate confuses many people. Some people want to write their parents’ names on the real estate certificate, so , what are the pros and cons of writing parents’ names on the real estate certificate? Does it matter whose name is written when buying a house?

What are the pros and cons of writing parents’ names on the real estate certificate?

The main advantages of writing the parents’ names on the real estate certificate are that it does not belong to the joint property of the husband and wife, you can enjoy the first home treatment when you buy a house in the future, you can avoid the purchase restriction policy, and it does not belong to the pre-marital property. The main disadvantages are that the loan period is short. And taxes and fees will be paid on future transfers, etc.

1. It does not belong to the same property of the husband and wife

If the marriage breaks down in the future, since the house is registered in the name of the parents, it does not legally belong to the property of either spouse and cannot be divided. .

2. If you buy a house in the future, you can enjoy the first-time home treatment

Some cities require that as long as you have a house in your name, whether it is the full payment or a loan, and whether the loan is paid off or not, you can buy a house again. Counted as a second suite.

3. Avoid purchase restriction policies

For example, in Beijing, singles with registered permanent residence in this city are only allowed to buy one house, and married families can only buy two houses. If you have a house in your parents' names, you can naturally circumvent the purchase restriction policy.

4. Not belonging to pre-marital property

If you unfortunately die after marriage, your spouse, children and parents will be the heirs in sequence and have the right to inherit all the property of the deceased, including pre-marital property. As guardian, the spouse can effectively take possession of the child's inheritance and then remarry. We Chinese value good fortune, but this is actually the same as buying insurance, to protect against the one in ten million possibility. If the house is written in the parents' names and is not personal property before marriage, this possibility does not exist.

5. The loan period is short

Bank loan review is very strict. If you buy a house in the name of your parents, the loan period is calculated based on the older parent. For example, if the father is 60 years old, Even if the mother is only 50 years old, the number of years she can get a loan is 70-60 = 10, and the loan time is only 10 years.

6. Taxes and fees will be paid on future transfers

If the property under the parents’ names is transferred to their children in the future, they will have to pay deed tax, business tax, personal income tax, registration fees and other fees. The taxes and fees that need to be paid are different when using three different transfer methods: inheritance, gift, and sale. However, as long as the property is transferred from the name of the parents to the name of the children, taxes and fees will be incurred.

Does it matter whose name is put in when buying a house?

Real estate certificates have been eliminated. Today’s house property rights are mainly determined through real estate registration, and the effectiveness of real estate ownership actually comes from real estate registration. If it is not registered, it will not have legal effect, even if Just because your name is on the real estate certificate does not mean that the house is yours. It is only reliable if your name is on the real estate registration.

This article is all the knowledge I have explained to you about the pros and cons of writing parents’ names on the real estate certificate and whether it is important to write whose name is written on the real estate certificate. I hope it can be helpful to everyone. There are advantages and disadvantages to writing parents' names on the real estate deed, so we all must think carefully before signing the real estate deed, and don't just see the advantages and ignore the disadvantages.