Chapter 1 Chapter 34 Buying a House and a Shop

  After introducing each other, Li Peicheng knew that the girl's name was Yang Yingying, and since she had just started working this year, he directly called her Little Yang.

  After a brief conversation, the girl quickly understood Li Peicheng's requirements. Although she was surprised, she was more excited because it was obvious that Li Peicheng was a big client.

  "Mr. Li, Wu Zhuang actually has a household, because he wants to move to the United States and sell his domestic house at a relatively affordable price, but the house is a bit big." Yang Yingying pointed to a customer's information, smiling and recommending it to Li Peicheng.

  Li Peicheng took a look and saw that the area was 170 square meters, with a top floor and a balcony. The total price included a garage, decoration, and home appliances, which was around 31.5 million yuan. In 2002, this price was considered very high in Hangzhou's real estate market.

  However, this price is still within Li Peicheng's acceptable range. The balcony can just let the old man grow some flowers and grass, and Wu Zhuang is also a small district that Li Peicheng likes, so Li Peicheng took a look and immediately fell in love with it.

  "Can we see the house now?" Li Peicheng asked.

  Yang Yingying's heart skipped a beat when she heard this, thinking to herself that people really can't be judged by their appearance, and yet someone so young is already so wealthy.

  "It's the weekend now, should be no problem, I'll get in touch first." said Yang Yingying.

  Li Peicheng nodded.

  Yang Yingying contacted the landlord and then took out a written contract for Li Peicheng to sign. The contract specified the agency fee, as well as some restrictions on private transactions between the two parties.

  The house is a small high-rise building on the top floor, beautifully decorated. Downstairs there are two bedrooms, two living rooms, one kitchen and one bathroom. Upstairs there is a master bedroom, downstairs there is a secondary bedroom, a study-bedroom and a nursery.

  There is a balcony on both the south and north sides of the first floor, and there is also a bay window in the second bedroom. On the second floor, there is a platform with an area of over 10 square meters.

  Li Peicheng is very satisfied with the house, and he has asked, Mr. Zhao can vacate the house within a month. Even if Mr. Zhao is not willing to lower the price, Li Peicheng is no longer planning to look for other houses.

  "If Mr. Zhao is willing to sell for 30 million, I'll buy it!" Li Peicheng said bluntly.

  Mr. Zhao was also a straightforward person, after hearing the words, he thought for a moment and slightly negotiated with Li Peicheng, then fixed the price.

  "Mr. Zhang is so young and can afford such a big house, it's really not easy! I wonder where Mr. Zhang is from?"

  "It's from Wenzhou!" said Li Peicheng.

  Mr. Zhao heard this and showed an expression of "so that's how it is", saying: "No wonder, I've heard that you Wenzhou people like to spend your money on buying houses rather than putting it in the bank. The rising house prices in Hangzhou over the past few years have a lot to do with your Wenzhou people speculating."

  Li Peicheng smiled silently, but in his heart he was thinking that although he also came from Wenzhou, if it weren't for winning the lottery, he would have to wait until he's old and grey to afford this house.

  "By the way, I don't know if Mr. Li has any plans to invest in a commercial property. I still have a 45-square-meter shop on Wu Lin Road that's for sale." Mr. Zhao suddenly remembered he had another shop to sell and asked.

  Li Peicheng was taken aback, thinking to himself that this Mr. Zhao really did think he was a Wenzhou house flipper. However, after careful consideration, the 5 million yuan sports lottery prize, minus taxes, would still leave him with 4 million yuan. After buying this suite, there would still be 1 million yuan left over. If he put the money in the bank, it wouldn't be very profitable; instead, buying a commercial property to rent out and using the rental income to support his grandfather's household expenses wasn't a bad idea either. Moreover, he had heard that many people back home who bought houses made a profit, and now house prices were still rising, with a high possibility of appreciation in value. Even if it depreciated a bit, it wouldn't be a big problem; after all, he wasn't doing it to flip the house.

  "What's the annual rent for a shop like this?" Li Peicheng asked.

  "Last year, it was around 1 million yuan, but this year Wulin Road has been renovated to create a fashion street, so the rent will likely increase after renovation. If I weren't immigrating to the US, I would hold off on selling the shop for now and see how things go. However, my business in the US requires capital turnover, that's why I decided to sell." Mr. Zhao said frankly.

  Li Peicheng asked about the price again, and Mr. Zhao told him it would be 17 million.

  Li Peicheng asked Yang Yingying again, with a mortgage of 800,000 for 30 years, approximately how much would the monthly payment be.

  Yang Yingying told Li Peicheng that she needs about 4,000 yuan per month.

  Li Peicheng thought about it and felt that this was feasible. After deducting the annual rent, there would still be 600,000 to 700,000 yuan left, which would be enough for his grandfather's expenses. He suggested going to take a look at Mr. Zhao's shop.

  On the way, Li Peicheng learned that Mr. Zhao's wife in the United States used to be a fashion designer, so the store was not rented out to others, but instead opened her own clothing store.

  Mrs. Zhao is very financially savvy, she registered her own brand called Kandy, and had a small garment factory process the clothes she designed, then sold them under her own label, it's a one-of-a-kind specialty store. The store originally had three salespeople, but because Wulin Road has been under renovation for the past month or two, they haven't opened up shop.

  Li Peicheng looked at Mr. Zhao's shop and thought the location was good, and he also believed that after the renovation of Wulin Road, Wulin Road would be more prosperous, so he started discussing prices with Mr. Zhao.

  However, when it comes to the price of the shop, Mr. Zhao is unwilling to back down at all.

  "Mr. Li, I'm afraid the price of this shop is non-negotiable. However, I'll throw in my wife's registered brand and about 50,000 yuan worth of inventory for free." Mr. Zhao said.

  Li Peicheng saw that Mr. Zhao was unwilling to back down, so he thought for a moment and decided to put the matter on hold for now, investigate further before making a decision. After all, Li Peicheng didn't have to buy the shop at all costs. Mr. Zhao didn't make any concessions because of this, but instead asked Li Peicheng to make a decision as soon as possible, emphasizing that if he wasn't planning to move to the United States and develop his business there, he wouldn't be selling the shop at this time.

  The matter of the shop was temporarily put on hold due to funding issues, and Li Peicheng arranged for Mr. Zhao to sign the Wu Zhuang apartment transaction contract next Tuesday.

  After saying goodbye to Mr. Zhao and Yang Yingying, Li Peicheng went to other real estate agents to inquire about the price of commercial properties and found that Mr. Zhao's shop indeed had no room for further bargaining, so he decided to buy that shop after all.

  －－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－

  Today's update is complete, tomorrow's first update will be before 8:00 in the morning.