Advance payment refers to the real estate transaction behavior that the real estate development enterprise and the buyer agree that the buyer will pay the deposit or advance payment at a certain date in the future and own an existing house. Its essence is the buying and selling of housing futures, which is just a futures contract of housing. It and existing home sales have become two main forms of housing sales in China commercial housing market.
Advance payment in real estate refers to a sales behavior of real estate companies in order to withdraw funds before real estate products officially enter the market.
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