Find Out How These 5 Exit Strategies to Determine the Right Price to Sell Your Property Now!

Stop Wasting Time And Start 5 EXIT STRATEGIES TO DETERMINE THE RIGHT PRICE TO SELL

Over 50 new launches in the pipeline! Should I wait further? Will the Price to Drop?

No alt text provided for this image

 Limited Seats. Register HERE!

RSVP now! 👉 >> http://bit.ly/ClickToWhatsApp << 📞 💬 +6583004411 

What’s My Home Value?

DOWNLOAD: Condo Price, How much, Can I afford?

Read all my articles

DOWNLOAD

Property Market Outlook 2019

http://bit.ly/DOWNLOADPropertyMarketOutlook2019

I will be glad to guide you personally “How to buy and/or sell your property like a Pro” One-to-One Online real-time web-based coaching anytime, anywhere on your PC or mobile.  Questions ? #AskRealtorMani 📞 💬 83004411 http://bit.ly/ClickToWhatsApp 

  

What you will get

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert http://bit.ly/BelowValue

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

 

Questions / Need Help? #AskRealtorMani

 

Get notification for Below Market Value Property Deals Alert, Returned Units, Clearance Sale, Auction Properties, Indicative Valuation Reports, Property Insider News http://bit.ly/ClickToWhatsApp UPTOWN @ FARRER Send me the Brochure, Price List, Unit types & Availability

 

It’s FREE and easy, nothing to lose, just try, start now  http://bit.ly/ClickToWhatsApp 

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert http://bit.ly/BelowValue

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

There is a high tendency for many people to hold on to their properties for a long period of time even though their properties have appreciated to double the amount of what they have purchased. Is this the best option for properties which have appreciated?

 

In fact, there is nothing wrong with holding on to the property, but I just felt that many money-making opportunities have been forgone when this option is being chosen. Ask yourself this Question, by working hard for the last 5 years, are you able to save $300,000? I am quite sure it is not possible as I have personally witnessed many couples facing difficulty to attain this feat. Do you know that you can increase your saving by learning the Right Exit Strategies that will help you to build your wealth systematically? 

 

Many of you might be skeptical and will question the RISK involved. Yes, if there is no proper guidance and feasible financial plan, the risk will be so much higher. Therefore, it is always good to learn and plan before taking any ACTION.

Important Chart to take note! What are your thoughts now?

No alt text provided for this image

This is the real estate trend of a property, is your asset in this pulses? Is it good or bad? What should you do?

 Limited Seats. Register HERE!

RSVP now! 👉 >> http://bit.ly/ClickToWhatsApp << 📞 💬 +6583004411 

New Launches vs Resale?

Which is a Better Buy Today?

Why RESALE Prices are cheaper than New Launches? Does it mean that we should buy if it is CHEAP?

Have you ever wonder why the resale prices are much cheaper and yet many people still choose to pay more for New Launches?

Look at the below chart on one of the new launches, Martin Modern. Why is it that the price has shot up from $2,000psf to more than $3,000psf in less than 2 years? In some instances, the prices of Freehold projects did not even reach $3,000psf. Do you want to know WHY?

No alt text provided for this image

No alt text provided for this image

So the Question now is:

 

Is it worth to buy New Launch or Resale?

No alt text provided for this image

MAD RUSH TO SNATCH A UNIT…

IS THIS REALLY THE BEST DEAL???

This happened during a new launch where everyone is trying to get a unit. Will you buy when you see this situation in the showflat? Many times, we saw people interpret long queues as buying good deal and will rush to get a unit when they see such situation. When this happens, I always refer it as the “Kiasu” syndrome.

 

Is this the way to determine the RIGHT ENTRY PRICE? I have seen many people making such decision without differentiating right from wrong. Do you know that one mistake make by emotion may cost you more than hundreds of thousands of dollars? If any of these questions are in your mind, discover how you can easily determine the right entry price to enter the market. 

What you will learn from this seminar?

1. Find the sweet spot of how to determine the Right Pricing

2. 5 Exit Strategies that you MUST know before buying your next asset! 

3. Avoid Critical mistakes made by most Home Owners when it comes to selling! 

4. New Launch Vs Resale, 

which is the better option? 

5. TOP Secrets revealed on how many Wealthy home owners grow their wealth through asset-progression plan!

 Limited Seats. Register HERE!

RSVP now! 👉 >> http://bit.ly/ClickToWhatsApp << 📞 💬 +6583004411 

No alt text provided for this image

Find out what is best for you with

PropNex Executive Director,

Kelvin Fong

With his career experience of more than 16 years, he has curated a set of asset progression which has benefited his clients greatly. For current and aspiring Singapore property investors, his role is to help them invest wisely. Not only that, he has consistently minimised many of his clients’ risks by leveraging on the most suitable loans available, while maximising the profit potential of their investments.

Being a property investor, he has never invest based on speculation and emotion buying. Using his experience and hard facts and figures, he determines the RIGHT property to invest.

To put his knowledge into writing, Kelvin also successfully launched the book – Property Wealth, in 2013. A big hit back then – the book coaches investors step-by-step guides on conducting researches before purchasing their properties.

Cited with real life case studies, Kelvin pens down realistic and detail methodology which ensures reader to grow their wealth in a predictable way.

  Limited Seats. Register HERE!

RSVP now! 👉 >> http://bit.ly/ClickToWhatsApp << 📞 💬 +6583004411 

CONSUMER SEMINAR

APRIL 30 TUESDAY

REGISTRATION TIME: 6:30PM

LOCATION

Amber Park Sales Gallery

Along Tanjong Rhu Road

(Next to Tanjong Rhu Substation)

Hurry! Grab Your Seat Now!

Kelvin is often featured in the news, publication and podcasts, sharing his valuable insights on the property market.

Calculate Your Home Value

How much is your property worth?

mySG Home Subscriber Benefits

 Track your property’s sales & rental value

 See how your property’s value has changed

 Find out your neighbourhood’s transactions

 Easy home loan applications using 

 Unlock your home’s value

 Receive a free SMS with monthly updated value of your home

 Free mySG Home App to track your property

No alt text provided for this image

How much is your property worth?

Before you buy or sell a property, understand the considerations that affect its market value.

Nathalie Lam, Director, CBRE Valuation & Advisory Services14 December 2017

Valuation, or the estimation of a property’s worth, is the cornerstone of any negotiation between the buyer and seller in a property transaction i.e. to ensure that the seller achieves the maximum achievable price for his property and the buyer does not ‘overpay’ for the property.

The valuation process is both an art and science. The Comparison Method of Valuation is largely used for determining the market value of residential properties, where recent sales of properties that are similar to the subject property are selected. Typically, no two properties are identical and accordingly, we compare specific aspects or characteristics of the sales comparable with the subject property, making adjustments for factors including, but not necessarily limited to:

Location

In Singapore, properties which are located nearer to the Orchard Road shopping belt and Central Business District command a higher value due to the shorter travelling times for commuting to work and the wide variety of retail and F&B outlets.

Floor level, views, and orientation

It is generally accepted that the higher floor an apartment is located on, the higher the price of the property as a higher floor unit would be more windy, offer better air quality and have less insects. This is also the case for properties with unblocked views. In sunny Singapore, properties having a north-south or south-eastern orientation are more prized.

Age and condition

Buyers are willing to pay a premium for new properties or renovated properties as this saves them the hassle of renovating the property. Renovation bills can be hefty for properties that require extensive work to be done.

Tenure

Freehold properties command a premium over leasehold properties. In the case of diminishing leases, future buyers may have to pay more cash upfront for the purchase of such properties.

Size and configuration

It is a generally accepted market practice in Singapore that the larger the unit, the lower the per square foot for such units is as compared to smaller-sized properties. Units with efficient layouts are also more sought after than odd-shaped units as the latter might be more costly to renovate.

Facilities and amenities

Buyers are willing to pay higher prices for properties that are situated near transport nodes such as MRT stations and bus interchanges. Properties that are located near MRT stations command a premium even if the station is further away down the MRT line. The same applies to proximity to shopping malls and supermarkets due to the convenience that these offer. The availability and range of facilities within a particular development is also a deciding factor for buyers. Newer developments typically fetch higher prices due to the wide range of facilities they offer.

Date of transaction

Although valuers take into consideration past transactions of comparable properties in deriving market values, adjustments have to be made to take into account the state of the market i.e in the case of a rising market, past prices will have to be adjusted upwards.

What’s My Home Value?

DOWNLOAD: Condo Price, How much, Can I afford?

Read all my articles

DOWNLOAD

Property Market Outlook 2019

http://bit.ly/DOWNLOADPropertyMarketOutlook2019

I will be glad to guide you personally “How to buy and/or sell your property like a Pro” One-to-One Online real-time web-based coaching anytime, anywhere on your PC or mobile.  Questions ? #AskRealtorMani 📞 💬 83004411 http://bit.ly/ClickToWhatsApp 

  

What you will get

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert BelowValue.pdf

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

 

Questions / Need Help? #AskRealtorMani

 

Get notification for Below Market Value Property Deals Alert, Returned Units, Clearance Sale, Auction Properties, Indicative Valuation Reports, Property Insider News http://bit.ly/ClickToWhatsApp UPTOWN @ FARRER Send me the Brochure, Price List, Unit types & Availability

 

It’s FREE and easy, nothing to lose, just try, start now  http://bit.ly/ClickToWhatsApp 

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert http://bit.ly/BelowValue

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

Find out what is best for you with Mani

Do you know when is the best time to EXIT Property Market after you have bought your property??? Should you just hold on to your properties?

Do you know when is the best time to EXIT Property Market after you have bought your property??? Should you just hold on to your properties?

What’s My Home Value?

DOWNLOAD: Condo Price, How much, Can I afford?

Read all my articles

DOWNLOAD

Property Market Outlook 2019

http://bit.ly/DOWNLOADPropertyMarketOutlook2019

I will be glad to guide you personally “How to buy and/or sell your property like a Pro” One-to-One Online real-time web-based coaching anytime, anywhere on your PC or mobile.  Questions ? #AskRealtorMani 📞 💬 83004411 http://bit.ly/ClickToWhatsApp 

  

What you will get

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert BelowValue.pdf

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

 

Questions / Need Help? #AskRealtorMani

 

Get notification for Below Market Value Property Deals Alert, Returned Units, Clearance Sale, Auction Properties, Indicative Valuation Reports, Property Insider News http://bit.ly/ClickToWhatsApp UPTOWN @ FARRER Send me the Brochure, Price List, Unit types & Availability

 

It’s FREE and easy, nothing to lose, just try, start now  http://bit.ly/ClickToWhatsApp 

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert http://bit.ly/BelowValue

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

There is a high tendency for many people to hold on to their properties for a long period of time even though their properties have appreciated to double the amount of what they have purchased. Is this the best option for properties which have appreciated?

 

In fact, there is nothing wrong with holding on to the property, but I just felt that many money-making opportunities have been forgone when this option is being chosen. Ask yourself this Question, by working hard for the last 5 years, are you able to save $300,000? I am quite sure it is not possible as I have personally witnessed many couples facing difficulty to attain this feat. Do you know that you can increase your saving by learning the Right Exit Strategies that will help you to build your wealth systematically? 

 

Many of you might be skeptical and will question the RISK involved. Yes, if there is no proper guidance and feasible financial plan, the risk will be so much higher. Therefore, it is always good to learn and plan before taking any ACTION.

Important Chart to take note! What are your thoughts now?

Case study 1 – Being too Comfort

Have you ever wondered WHY The Quartz Condo (in the chart below) has stopped growing for the last 4 years? Currently, the average price of The Quartz is about $1,000psf but the neighboring new launches are selling at $1,400psf. Even an Executive Condo is selling at approximately $1,000psf. 

Below is another set of caveats that shows new launches at the nearby Condo – Kingsford Waterbay. In less than a year, the price of a similar unit was sold higher by $300,000. This is not only happening to this Condo, it is also happening to many other resale condo too. Have you ever asked yourself this question? Why can’t I save $300,000 despite working so hard???  Do you want to find out the Answers?

Many clients today earn a combined income of $12,000 and they are already owning two condominium – one for staying while the other one is generating passive income every month. Many homeowners are not doing this because they are not equipped with sufficient knowledge to do so. Do you want to work hard or work SMARTDo you want to provide the best for your family? 

 

Do not wait further! You should be joining me in this seminar to learn the 5 strategies to exit the property market. After the seminar, I am confident that you will not make the wrong decision and let your property price stagnant for the next 4 years. This seminar is not only meant for home sellers, but also, first-time buyer or home seekers. Click here to register ASAP!

Register Now!

New Launches vs Resale?

Which is a Better Buy Today?

Why RESALE Prices are cheaper than New Launches? Does it mean that we should buy if it is CHEAP?

Have you ever wonder why the resale prices are much cheaper and yet many people still choose to pay morefor New Launches?

Look at the below chart on one of the new launches, Martin Modern. Why is it that the price has shot up from $2,000psf to more than $3,000psf in less than 2 years? In some instances, the prices of Freehold projects did not even reach $3,000psf. Do you want to know WHY?

So the Question now is:

 

Is it worth to buy New Launch or Resale?

MAD RUSH TO SNATCH A UNIT…

IS THIS REALLY THE BEST DEAL???

This happened during a new launch where everyone is trying to get a unit. Will you buy when you see this situation in the showflat? Many times, we saw people interpret long queues as buying good deal and will rush to get a unit when they see such situation. When this happens, I always refer it as the “Kiasu” syndrome.

 

Is this the way to determine the RIGHT ENTRY PRICE? I have seen many people making such decision without differentiating right from wrong. Do you know that one mistake make by emotion may cost you more than hundreds of thousands of dollars? Hence, in this sharing session by me, I will be covering 5 Essential Rulesfor you to take note when identifying the RIGHT ENTRY PRICE property.

 

5 Essential Rules

1. Supply Vs Demand

2. Location Vs Entry Price

3. Spot Safe Entry Price Asset

4. Potential Upside/ Risk

5. First Mover Advantage

 

Just based on the above 5 Rules that you will learn from me, I am sure you will not make the wrong decision in selecting the right property. Even if you have not buy or bought, you should be here to learn this skill from me.

Read more…

https://www.propnex.com/templates/Stirling16April/R055842J

Property Predictions For 2019 by Top 10 Experts

Everything You Wanted to Know About PROPERTY PREDICTIONS FOR 2019

Why this info is important to you? How does it affect you? What should you do now?

#AskRealtorMani 

>>      http://bit.ly/ClickToWhatsApp  << 

📞 💬 83004411 

DOWNLOAD:

Below Market Value Properties

>>           http://bit.ly/BelowValue  

      DOWNLOAD Condo Price.pdf

Learn more… 

https://www.linkedin.com/in/askrealtormani/recent-activity/posts/

Experts look into the crystal ball to give their outlook on the Singapore property market.

Recent property cooling measures may have dampened market sentiment towards the end of 2018, but this year will see a slew of project launches as many en bloc properties sold in the last one year are expected to be launched for sale in the coming months.

Developers are expected to price their projects more affordably in light of the current sentiment, which will benefit home buyers looking for good deals. However, it remains to be seen if buyers will choose to wait on the sidelines or enter the market. We spoke to several property experts to give us their predictions for 2019.

1. Lewis Ng

Chief Business Officer, PropertyGuru Group

“The Singapore property market is expected to see robust growth in 2019 and we expect to see at least 40 new project launches and more than 10,000 private residential units likely to be completed.

“Property cooling measures introduced in July have impacted the en bloc market, with only two en bloc deals worth $353 million completed in Q3 2018. Private home prices have also moderated, dropping by 0.1 percent in Q4 2018 – the first drop in six straight quarters. We can expect private home prices and transactions to remain subdued.

“A strong economy and political stability will help boost Singapore’s real estate sector as external shocks and global instability are likely to lead more foreign and institutional investors to consider parking their money in the city-state.

“Mortgage interest rates have also been rising. With the SIBOR closely pegged to the US Federal Reserve, mortgage interest rates for those with floating packages are likely to climb higher, increasing the burden on Singaporean homeowners.”


2. Sigrid G. Zialcita

Chief Executive, Asia Pacific Real Estate Association

“Property market restrictions introduced last July, combined with additional constraints placed on residential development and slowing of release of sites for residential use, will take further heat out of the market in 2019.

“Investors, especially for high-end homes, will be in no hurry to pull the trigger on purchases in the near term. Meanwhile, they will have more options as developers will continue to launch their projects following their land-buying spree in 2017 to 2018 and slew of en bloc sales.  

“Hence, we can expect projects to be priced more competitively as developers attempt to move their units.”

 

 


3. Khalil Adis

Founder, Khalil Adis Consultancy

“The outlook for the Singapore residential market in 2019 will be muted as the price gap between that of private property and HDB resale flats has widened considerably following the cooling measures in July.

“For instance, while the private property market has seen the price index picking up by some 11.0 points, the HDB Resale Price Index (RPI) has been on a decline since the second quarter of 2013 as BTO flats continue to be launched.

“As 2019 is expected to be an election year, the government will need to address the ongoing debate on the value of older HDB flats moving forward.”


4. Lee Sze Teck 

Head of Research, Huttons Asia 

“The number of units sold in 2018 outpaced the units launched for four consecutive years. This is notwithstanding the fact that there were new cooling measures in July. This shows the underlying demand for properties remained strong.

“Ending 2018 on such a strong note will give developers confidence to push out launches in 2019. The economy is also expected to expand and the possibility of slower interest rate hikes by the US Fed are reasons to be optimistic about the property market in 2019.

“We could see sales volume of between 9,500 and 11,000 units and price increase of up to 5.0 percent in 2019.”

 

 

 


5. Tricia Song

Head of Research, Singapore, Colliers International

“For 2019, we expect home sales to be supply-led again, and thus should come mostly from the South/Central region which potentially has the most launches. We think developers could likely sell 9,500 to 10,000 new homes amid the substantial pipeline of new projects that could be launched for sale.

“This is a 9.0 percent increase from 2018’s estimated new home sales number, as we take into account a potentially larger and varied launch pipeline and gradual market acceptance of the new measures in 2019.

“In the near-term, we believe demand side factors such as household income growth, job security and household formations should continue to support the private residential market.”  


6. Eugene Lim

Key Executive Officer, ERA Realty

“Going into 2019, we remain optimistic that demand for new homes will remain supply-led. The first three launches of the year, Fourth Avenue Residences, Fyve Derbyshire and RV Altitude have sold over 30 percent of the units launched on their opening weekend; starting the year off on a good note.

“The July 2018 measures has helped to stabilise property prices. Developers, though not under any significant pressure to cut prices, must price their units realistically to achieve respectable sales volume in the initial stages of launch to sustain a good momentum going forward. Buying demand is resilient but selective as buyers focus on the projects’ value proposition.

“We expect this trend to continue throughout 2019, where attractively priced developments find favour with buyers. Prices may increase marginally by up to 2.0 percent or more for the whole year.”


7. Desmond Sim 

Head of Research, Singapore and Southeast Asia, CBRE 

“Against the backdrop of global headwinds and uncertainties, sentiments are likely to remain tepid and cautious. Furthermore, post the July measures, demand will be kept in check with tighter financing requirements as well as higher borrowing costs in a rising interest rate environment.

“Nevertheless, sales volume will still be driven by total price quantum, supported by fundamental owner-occupier demand from upgraders, en bloc displacements and new households.

“As a result, CBRE expects sales momentum for 2019 to slow down to around 7,000 to 8,000 units, while the overall price index should remain stable and move between the range of zero to 3.0 percent due to higher land costs.”

 


8. Christine Li

Senior Director and Head of Research, Cushman & Wakefield

“Demand for residential properties remains largely resilient, although buyers have become more selective in view of the higher upfront costs due to the increase in ABSD across the board except for first-timers. This is evidenced from the encouraging sales in some new launches such as JadeScapeand Parc Esta in recent months.

“In 2019, prices are expected to remain in the positive territory between zero to 3.0 percent, although transaction volume could fall to around 20,000 units, which is still way higher than the annual average of around 14,000 units between 2014 and 2016.

“Barring unforeseen circumstances arising from Brexit and the escalating US-China trade war, positive sentiments in the economy and employment, together with the en bloc beneficiaries who need replacement homes should translate to sustained buying demand in 2019.”

 


 9. Dr Lee Nai Jia

Senior Director and Head of Research, Knight Frank Singapore

“With the cooling measures, buyers have become more cautious and quantum sensitive. Notwithstanding, sellers are not compelled to sell at a discount, especially if they have the financial means to hold out for a better deal. We expect a temporary stalemate between buyers and sellers, especially for buyers seeking investment returns, which will likely lead to a reduction in sales volume.

“While the global economy faces headwinds – a slowing Chinese economy, weaker consumer sentiments in the US, and the uncertainty surrounding Brexit – there are potential upsides, such as the expected growth in Southeast Asia and possible resolution of trade differences between China and the US. As such, we expect the impact of the external environment on the housing market to remain marginal.

“Separately, interest rate hikes are unlikely to affect sales nor prices at this point due to the low base, as buyers have been more constrained by the tighter loan-to-value ratios and higher ABSD payable. Moving forward, there is still strong underlying demand for real estate and we expect newly launched projects to move, albeit at a slower rate. Accordingly, prices are likely to stay flat given current market conditions.”

Read more…

Receive FREE Indicative Valuation & CMA Report Now bit.ly/CMAHomeReport 

Below Market Value Property Deals Alert bit.ly/BelowValue 

DOWNLOAD bit.ly/CondoPrice 

Property insider news www.linkedin.com/in/askrealtormani/recent-activity/posts/

1 Now You Can Buy An App That is Really Made For PROPERTY PREDICTIONS FOR 2019

2 Is PROPERTY PREDICTIONS FOR 2019 Worth [$] To You?

3 Can You Pass The PROPERTY PREDICTIONS FOR 2019 Test?

4 Want More Money? Start PROPERTY PREDICTIONS FOR 2019

5 Little Known Ways To Rid Yourself Of PROPERTY PREDICTIONS FOR 2019

5 Ways You Can Get More THE LEAST PAINFUL WAY TO SELL YOUR PROPERTY DURING A DOWNTURN While Spending Less

5 Ways You Can Get More THE LEAST PAINFUL WAY TO SELL YOUR PROPERTY DURING A DOWNTURN While Spending Less

The Least Painful Way to Sell Your Property During a Downturn

Cooling measures may be great for buyers, but they’re terrible news for some sellers – there’s little you can do if prices start to drop due to cooling measures, or if the economy tanks. Sometimes though, you have no choice and must offload your property, even if times are bad. When that happens, minimise the damage by doing the following:

It’s not impossible to avoid losses, even during a property downturn.

  1. First, verify that a low price is due to the overall market, and not a specific factor of your property

Ensure your low valuation / offers are not due to a specific factor of your property, rather than the overall market.

One sign of this is when your property has a valuation that’s notably lower than surrounding units; this suggests a problem specific to your house, rather than the overall market.

For example, your property may be getting low offers because it looks more run down, or because it has more maintenance problems (broken water heaters, warped flooring, etc.) These are all fixable issues.

  1. Work out your holding power, and develop a plan around it

Your holding power refers to how long you can keep paying for the property (i.e. pay the mortgage, maintenance fees, and taxes), before you are forced to offload it, even at a losing price. This is especially important during a property downturn.

This is one reason we repeatedly tell buyers to save up at least six months’ worth of the mortgage – it gives you much more holding power, so you don’t need to settle for a low price right away.

As a loose idea of how this works:

You can divide the time you have into two halves – for the first half, you can persist in trying for the price you want. When you get to the second half, drop your asking price to what your agent says is more realistic.

For example, if you have sufficient holding power for a year, then for the first six months you can persist in asking for the price you want. Your property agent should be doing her best to get you a sale at this price, even if she says it’s high.

  1. Know about the possibility of private contracts (and also the risks involved)

Sometimes, a buyer is willing to pay your price, but cannot secure the funding. One possible solution is to use a private contract. For example, you can have a contract for them to pay you regularly, if they can’t get a bank loan.

You’ll definitely need a law firm to do more work for this, so brace for additional legal costs.

Also, before you agree to such situations, be aware of the risks involved. Consider what will happen if, for example, the buyer fails to continue payments (and why the buyer can’t secure a bank loan in the first place).

  1. Prioritise how much you need, not how much you can get

Have a clear idea of how much you absolutely need to make from the sale (especially if you’re a genuine home owner and need a new place to live). Don’t obsesses too much over the capital appreciation of surrounding units, and how much you could potentially get.

Remember, your situation is different from that of a regular seller. If you’re selling in a property downturn, you are acting on need rather than profit – it’s better to be realistic and accept some degree of loss, than to hang on to a house that’s become a liability.

  1. If you absolutely cannot accept the price you’d get, then don’t forget renting

There may be a situation where the price you get is insufficient to find a new home, but you also cannot afford to keep paying for the house. In this dire situation, you may have to consider the discomfort of renting out rooms, or renting out the house.

  1. Don’t use multiple agents

When times are bad, or you’re in a rush, you especially need an agent that will prioritise your sale and be aggressive about it. If you get multiple agents, all of them will prioritise the sellers who give them an exclusive deal first – and yours will fall on everyone’s backburner.

You may see more listings for your property*. But listings alone are meaningless, if agents don’t conduct regular viewing and only send the coldest prospects toward your house.

Besides, quality matters more 

Read more…

Why Singapore Property Investors Fail?

Why Singapore Property Investors Fail? 5 Reasons

One problem with property investment is that, unless you’re very rich and a big-time investor, it’s hard to practice. It’s not like small time fiddling with stocks, where you can afford to make several dozen bad trades before you smarten up. So for small time investors with, say, one or two places to let out, these common ideas can lead to irrecoverable mistakes:

1. High-end property is more resistant to downturns, because their location and amenities can’t be duplicated

This is one of those beliefs that are difficult to debunk, but it’s semi-true

2. Property is the best investment because interest rates are so low, you’re “borrowing for free”

Again, there’s some truth to this. But you need to understand that for the past 10 years, Singapore has been in a very abnormal situation.

3. Property investing is very safe, because in a worst-case scenario you can always just sell the house

First, as we’ve mentioned in point 1, there are cases of negative sales (they’re just not well publicised). While it’s not common in Singapore, it’s not out of the question either; see for yourself.

4. Old properties mean higher rental yields

If you’re a seasoned investor, yes. If you’re new or a small-time investor, the complete opposite may be true.

5. Finally, given the short lease remaining, you have a limited time to recoup the cost of the property.

This all requires a degree of expertise in “reading” the property, which most new investors just don’t have; small time investors haven’t typically owned and rented out a dozen properties, and learned from many initial mistakes (they may not even be able to recover from the first one).

This belief is as true as you are experienced in property management. 

So whenever you hear the merits of property investment being described, remember that most of it is only valid given a long time frame. 

Read more…

Watch Video : 60 New Condo Projects in 60 Seconds

UPTOWN @ FARRER

Uptown at Farrer on X-Drone

60 New Condo Projects in 60 Seconds

Kent Ridge Hill Residences

Kent Ridge Hill Residences on X-Drone

CEO PropNex Realty Mr Ismail Gafoor shares exciting features at Kent Ridge Hill Residences

Are you Investing or Gambling?

Property Investment is never about luck or emotional buying. On many occasions, we see consumers hopping from different new project show units just to find “the Right One”. But how exactly will this “Right one” presents itself in the face of consumers?

If you had answered “Ambience” and “Feel” of the unit, you are emotional buying. Many times, these feelings have clouded the analytical skills of the consumers, making them overlook other critical aspects such as the land appreciation, location, sensitive pricing/discounts and market sentiments. By the time when the consumers are prospecting for new house, they will themselves in situation where their current property is not fetching the desired price and they have missed the opportune time to enter the market.

Real investors are clear with their goals and what they want out of their property investments. They do not rely on hope that the market will one day, change in their favour. Rather, they are aware of the cycle and when to make the “Right move”.

So, are you an investor or gambler? If you are determined to be a savvy investor, you will definitely be interested in the following.

How do you Determine the Right Cycle, the Right Time and Right Price to Enter?

At the first, second and even third glance, you may not be able to figure out all the information which this chart is trying to convey. However, if you study in detail or with some guidance, you will be able to mark out a certain trend that is brewing in the market.

Based on this cycle, you can also identify the best opportune time and price to enter the market. 

So the Question now is:

Is This the Right Time to Buy in Today’s Market?

Just understanding the cycle is not sufficient. 

Here are the 5 Essential Elements which you Must Know in order to build Successful Investment Portfolio in CCR Segment:

1. What are the Impacts of the Latest Announcement of the Reduction in Government Land Sale?

2. Supply vs Demand

Should we buy when the supply is plenty in the market?

3. Location vs Entry Price

Which is more important? Many always think that buying a good location near MRT is the safest bet as it is easier to rent out. However, is that really true?

4. New Launch vs Resale Property

Are you aware which one is likely to drive higher profit margin?

5. How can we secure the First Mover Advantage?

FIND THE ANSWERS 

>> >> http://bit.ly/ClickToWhatsApp << 

#AskRealtorMani 📞 💬 83004411

DOWNLOAD:

Below Market Value Properties >>

bit.ly/BelowValue

bit.ly/CondoPrice

How To Sell Your HDB Flat Like a PRO?

Selling your HDB flat? Guide 101

For educational purposes only. All copyrights belong to their respective owners.

Selling your HDB flat? Guide 101

  Selling your HDB flat? Guide 101

For educational purposes only. All copyrights belong to their respective owners. Get Full HOME Report FREE #AskR…

Sellers Budget Checklist

Sellers Budget Checklist

Selling Your HDB Flat? Here’s How! Part 1

Selling Your HDB Fl

at? Here’s How! Part 2

Selling HDB

5 Cheap Ways To Spruce Up Your Home

How To Upgrade HDB Flat To A Condo?

  How To Upgrade HDB Flat To A Condo?

For educational purposes only. All copyrights belong to their respective owners. Sell HDB buy Condo: Can you act…

DOWNLOAD Property Market Report 2018

  DOWNLOAD Property Market Report 2018

For educational purposes only. All copyrights belong to their respective owners. DOWNLOAD The Edge Prop Pullout …

How To Decouple? Reduce Or Avoid ABSD!

  How To Decouple? Reduce Or Avoid ABSD!

For educational purposes only. All copyrights belong to their respective owners. Learn more…Click Here! Learn …

Why ABSD increase again? How does LTV affect your mortgage?

  Why ABSD increase again? How does LTV affect your mortgage?

My skills will make you money I love helping Buyer & Seller Property problem solved. Realtor LinkedIn#1 13K+…

How To Decouple? Reduce Or Avoid ABSD!

  How To Decouple? Reduce Or Avoid ABSD!

For educational purposes only. All copyrights belong to their respective owners. Learn more…Click Here! Learn …

www.icompareloan.com/resources/sell-hdb-buy-condo-costly-mistakes/

✪ Mani Subramanian Veeramani

DOWNLOAD Property Market Report 2018

How To Decouple? Reduce Or Avoid ABSD!

Top 10 Reasons New Condo is better than Resale Condo?

Why ABSD increase again? How does LTV affect your mortgage?

DOWNLOAD: How to find below market value property?

How To Upgrade HDB Flat To A Condo?

Home Sellers’ Biggest Mistakes and How to Avoid Them

Inline imagee74d2519-b8bd-f000-83b8-68754373859e@yahoo.com>”>

For educational purposes only. All copyrights belong to their respective owners.

Here’s an Overview of the Top 10 Most Common Seller Mistakes, According to Top Real Estate Agents

As a Home Seller, You Should Never:

  1. Overprice your home
  2. List your home as ‘For Sale By Owner’
  3. Dismiss the importance of preparing your home for sale
  4. Antagonize buyers over minute details
  5. Paint your house gray
  6. Sell at the wrong time
  7. Sell your home ‘As Is’
  8. Show your home without staging it
  9. Take bad listing photos
  10. Hire a bad real estate agent

The 6 things every seller must avoid when selling their home

5 Mistakes To Avoid When Selling Your Home

5 home selling mistakes owners can’t stop making

5 Mistakes to avoid when selling your home | Selling Property Guide | PropertyGuru Singapore

Selling your home is going to take time, effort and a lot of patience. Some homeowners think it’s a way to m…

7 Sinful Mistakes Of A Home Seller

Seller’s Guide

5 Mistakes to avoid when selling your house in a buyer’s market – PropertyNet.SG

Are you trying to sell your property and feeling that you are facing a challenging time? Seize all available opp…

Selling Your House? Avoid These Mistakes | WMA Property

Selling your home – especially if you’ve never done it before – can be surprisingly time-consuming and emoti…

Five Mistakes you need to avoid when selling your home – Buy Singapore Condo

 Five Mistakes you need to avoid when selling your home If you are planning to sell your Singapore property, it…

DOWNLOAD Resale Checklist for HDB Buyers & HDB Sellers

Click Here to Download

Resale Checklist for Sellers

Before you start to market your flat for sale, you should go through the Resale Checklist first. It highlights the key policies and procedures that you should take note of before you commit to selling your flat, that is, before you grant the Option to Purchase.

You need to complete and submit the checklist to HDB online via the Resale Checklist for Sellers/ Buyers e-Service at least 7 days before you grant the Option to Purchase to the flat buyer.

DOWNLOAD Checklists For Sale By Owner Budget And Preparation

Before selling your property, you will need to engage the services of a property agent, who will not only help you to find prospective buyers, but also assist you during negotiations and generally guide you through the process of home selling.

Since you will need your agent to make recommendations on other issues during the process of home selling, it is important that you enlist the services of an agent you can trust. Once you have found a suitable real estate agent, your work is almost half done.

The formal process of home selling chiefly consists of two steps. When you receive an option fee from a buyer, you should grant him or her an Option to Purchase, which bears your signature, and state the solicitor who will be liaising with the prospective buyer’s legal representative with respect to the sale of the property. The option fee, also known as the booking fee, is typically one per cent of the purchase price of the property.

Most real estate agencies use a standard form of the Option to Purchase, which gives a prospective buyer 14 days to consider purchasing a property. As the seller, you should note that during this period, known as the option period, you are not allowed to offer your property for sale to other interested buyers.

If the prospective buyer decides not to exercise his or her Option to Purchase, or if the option period expires, you are entitled to keep the booking fee deposit and proceed to offer your property for sale to other prospective buyers.

If the buyer chooses to exercise his or her Option to Purchase, he or she must do so during the option period. The buyer must then pay another four per cent of the purchase price within two weeks of exercising the Option to Purchase through his or her solicitor. This deposit will be kept by your solicitor as a stakeholder.

Once these steps have been accomplished, your solicitor will take over and liaise with the buyer’s legal representative regarding the sale and purchase of your property. This should take another eight to 12 weeks, during which, the buyer will have to make the remaining outstanding balance payment on the property. The buyer will also perform a final inspection of your property after which, you must hand over the keys together with the title deed before the sale is deemed to be complete.

If you are planning to sell a Housing Development Board (HDB) apartment, you will need to check if you fulfill eligibility conditions to sell your apartment, including the minimum occupation period, and if your buyer also meets eligibility requirements, which may pertain to matters such as ethnicity. (For more information on HDB sales, please visit the HDB website: www.hdb.gov.sg/)

Top 10 Home Buyer Mistakes

Why You Need Home Report before Buying and/or Selling Property? Top 5 Reasons

Valuation 101

Buy/Sell A Flat? Starter Kit

Want to know more? Yep, Invite me… Click here http://bit.ly/2ep8vRA

Home ReportTM

FREE: Get the public version of the report that the professionals use to price property and devise marketing and negotiation strategies. S$ 88.00 / unit (incl GST)

DOWNLOAD Sample Home Report

AskREALTOR Mani Get Your Home Report (Compliment)

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani

Check it out my posts (800+) https://www.linkedin.com/today/posts/AskRealtorMani

DOWNLOAD 370 Posts (eBook)