Chapter 603: Chapter 193: Confusing Earnest Money and Deposits_2 Chapter 603: Chapter 193: Confusing Earnest Money and Deposits_2 Old Tang began his life of earning money, while on the other side in the Changyi District of Jingzhou City, at Ya Stone Housing Developnt Co., Ltd.’s sales office, 27-year-old Lv Ziyang was sitting by the table.
It was apparent that he was trying to conceal his nervousness, but his slightly trembling hands betrayed him, and next to Lv Ziyang, his parents were also seated, albeit even more nervous.
Suddenly, Lv Ziyang’s father, 55-year-old Lv Jianshe, spoke up, “Well, Ziyang, why don’t we…
let’s just forget about it.”
Though only in his fifties, Lv Jianshe looked like he was in his sixties due to years of toiling in the fields, with a deeply bent back.
Upon hearing his father’s words, Lv Ziyang answered, “Dad, there’s nothing we can do, Xiaojuan and I have asked around already, the owner of this developer has no credibility at all, all those promotions were just nonsense.”
“It’s already nonsense before we buy it, what if they can’t deliver the house later, then we’ll have to pay the mortgage and the rent, that would be…our whole life would be sunk…”
The old father, a farr, didn’t know what to say at that mont and could only sigh.
Lv Ziyang remained silent.
He was a typical small-town student who worked hard to get into a good university and found a decent job after graduating, as well as a girlfriend.
...
However, the housing prices in Jingzhou were still too much for him to handle, after all, it’s the provincial capital of Handong, and it wasn’t easy to settle down there.
He had thought about going back to his hotown, but then realized that he couldn’t find a suitable job for his major, so he had to stay.
If staying ant buying a house, he and his girlfriend pooled money together with their parents, amounting to a real “six wallets” to buy a house.
So ti ago, he and his wife, who had already gotten their marriage certificate, went house hunting, and finally found sothing suitable here, coinciding with a promotion by the developer.
By signing a subscription agreent, they would enjoy a 5% discount when purchasing the house later on.
After all, the house wasn’t cheap, and a 5% discount would an a significant saving.
Moreover, the promotion was advertised very attractively at the ti, with good surrounding facilities like a quality primary school, excellent green spaces, and even anities like a swimming pool…
So thinking it over, with such good conditions and reasonable pricing, and the company saying the promotion lasted only a few days after which prices would return to normal, they wouldn’t be able to enjoy any discounts if they signed the subscription agreent after that period.
Therefore, the two young people hurriedly gathered two hundred thousand yuan and signed the subscription agreent.
They didn’t use an agent and went directly to the sales office, where the salesperson told them to co and sign the pre-sale contract for the property within a month.
They had been collecting money during this ti, practically digging out their parents’ life savings.
There’s a joke:
The fake dependent lives at ho, just another mouth to feed.
The real dependent struggles in a big city, depleting all family resources to buy a small apartnt and a small car in a big city…
Lv Ziyang’s situation was just like that, and while collecting the money, they found out that the residential area was nothing like what the developer had advertised.
What’s worse, this seemingly capable developer actually had unfinished buildings elsewhere, which was quite serious…
Lv Ziyang panicked.
Originally, selecting this developer was based on the belief that such a big developer would be reliable and not leave a project unfinished.
Turns out, damn it, they were all covering it up; you wouldn’t know any of this without looking into it carefully.
So after discussing it with his wife, he decided not to buy it.
Now the problem was the two hundred thousand yuan paid earlier, hoping that the developer would return it.
Wang Rui, the well-dressed saleswoman with ticulous makeup, soon ca out.
“Sorry for the wait, Mr.
Lv, I was caught up with sothing.
Are you planning to sign the contract today?” Wang Rui sat down and imdiately smiled.
Upon hearing this, Lv Ziyang hesitated before answering, “The down paynt is mostly ready, but I’m not signing today.
There is just one problem.
You ntioned that there would be a primary school and a kindergarten nearby, but when I asked others, they said no…”
Wang Rui’s face didn’t show the slightest disturbance, and she continued with a smile, “Mr.
Lv, who did you ask, how could that not be?
It’s all in the planning, there’s no such thing as non-existence, you can be completely assured of that.”
Planning, after all, is just planning, with no certainty on when it will be implented or if it might be changed later…
“Mr.
Lv, I understand your concerns, but our Ya Stone company is one of the big developers in the country, you really don’t have to worry about these things.
For this project, quite a few contracts have already been signed in the past few days.”
“It’s not just you; with so many people, it’s impossible that they have all been duped, right?
What do you think?”
Lv Ziyang thought for a while with his head down, and finally spoke, “Actually, I do want to sign the contract, but these issues are really botherso…
if I decide not to buy, about the money I paid before…”
Before he could finish his sentence, Wang Rui interrupted him.
“Mr.
Lv, this is no joke.
You can revisit the subscription agreent you signed earlier.
We have a specific clause for the earnest money in there.
That two hundred thousand is earnest money, and it’s non-refundable, you know that, right!”
Ah?
Lv Ziyang was taken aback, unclear about which “earnest money” due to the homophone.
It’s a confusion that persists to this day for many: what is earnest money, what is a deposit, and…
what is a security deposit?
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