Recently, in response to market rumors of Beijing Lianjia refunding intermediary fees, Beijing Lianjia responded to a reporter from China Securities News that customers who actually pay more than 2% of their in transit bills will be refunded.
Continuously refund fees
On October 27th, multiple homebuyers posted a message on social media stating that they were informed by a real estate consultant from LinkedIn that they could charge a 2% agency fee and any excess fees would be refunded.
When responding to the rumor of refund, Beijing Chain Home stated that it charges a commission of 2% for customers who have signed contracts since 2023 and have not yet transferred their ownership before midnight on September 26. Customers who have actually paid more than 2% of their fees will be refunded.
Earlier, the company's official customer service responded to a reporter from China Securities News that they had not received any relevant notification. At present, the official announcement about commission is still from September 26th.
On September 26th, Beijing Lianjia announced that the company has recently adjusted the charging standard for intermediary fees, from 2.7% of the current total transaction price of houses to 2%. At the same time, the charging model has been changed from unilateral payment of intermediary fees by one party to joint payment by both parties, with each party bearing 1%.
China Securities News reporters have learned from multiple sources that currently, the transaction fees of major intermediary institutions have been basically reduced to 2%.
Overall poor market trading
Although the overall price of intermediary transaction fees has decreased, from the perspective of trading volume, the overall market trading is still poor.
Entering October, the second-hand housing market in Beijing has cooled down. According to statistics on the official website of the Beijing Housing and Urban Rural Development Commission, as of October 26, 8478 second-hand houses in Beijing had been sold, a year-on-year decrease of 3.5% and a month on month decrease of 28.6%.
In terms of prices, wheat field statistics show that the fluctuation of listing prices is not significant, but from the actual transaction prices, the transaction prices of second-hand houses in some regions have significantly decreased compared to February and March this year. Compared with the slight decline in the listing price, a more obvious trend is that the proportion of listings with lower listing prices increased significantly. Among the listings with adjusted listing prices in October, the proportion of listings with lower listing prices increased by 11 percentage points month on month. As market transactions slow down, more and more homeowners want to increase the competitiveness of their listings and accelerate transactions by lowering their listing prices.
After experiencing the rapid release of market demand in the early stages of the New Deal, the wait-and-see sentiment of buyers has significantly increased since October. For homeowners who want to sell their homes quickly, they have to make more price concessions during the transaction. The bargaining space for properties sold in October has expanded by 1.66 percentage points compared to September, setting a new high since the beginning of this year. One month after the implementation of the New Deal, buyers have regained the bargaining power The person in charge of Maitian Real Estate told reporters.
Industry insiders believe that currently, the demand for home purchases in the Beijing real estate market is dominated by home exchange. Compared to first-time home purchases, there are more factors to improve house changes and the decision-making cycle is extended. Exchange customers who need to "sell one buy one" will need to first list and sell their existing properties before releasing their demand. Therefore, the heating up of market transactions after the new policy will be a relatively slow process. It is expected that the repair pace of the second-hand housing market in Beijing will be relatively slow before the end of the year, and it will show a mild warming trend.