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 Are property prices going to up further? V3

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macho dog
post Sep 7 2011, 09:23 AM

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Debtismoney = DR. DOOM shakehead.gif







macho dog
post Sep 11 2011, 12:46 AM

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QUOTE(UFO-ET @ Sep 11 2011, 12:31 AM)
LOL!! LOL!!  thumbup.gif

I meet house buyers almost every day
I meet house owner almost every week
I meet developers senior staff almost every month
I meet contractors almost every month
I meet bankers almost every week
I meet valuers almost every month
I visit construction site office almost every month
I meet lawyers almost every 2 weeks
I attend property campaign almost every 6 months

Now, let me ask you again "who are you?"

If you are not a real estate negotiator, are you in a better position to give advise to those house buyers / investor whether to buy or not to buy than me?
If you are just sitting comfortably in the air corn room everyday doing yr research or analyzing your "International Property Market Data", how can you :-
1. Understand buyers' behavior?
2. Buyers / house owners needs?
3. Latest transacted property prices? (don't tell me you can get it online fr banks / valuer / land office, I will laugh kuat kuat  rclxms.gif )
4. Change in demographic in any particular area?
5. Traffic flows?
6. The performance of businessman running their business in shoplots / retail lots?
7. The crime rate
etc etc

Lastly,
Let me ask anyone, if I want to learn playing football / soccer? who do I need to learn from?

Ryan Giggs or Jim Carrey (a great actor who knows to act and making jokes)??

wink.gif
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I like. U r spot on.

And one more thing I learned, u shud never learn to make money fr somebody who study too much like a 'professor'.

Afraid of ghost in front of the ship....afraid of dark at the back of the ship.



macho dog
post Sep 11 2011, 12:49 PM

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QUOTE(ayha2009 @ Sep 11 2011, 11:42 AM)
seller want to sell so create sentiment on the high side price.
Buyer want to buy lower price.
Pure real estate agent want more transaction and in the middle.
One of the problem, is that some real estate is the flipper too.
This make us not trusting them.

Some like remixer in share long time ago.
Lesson learn, most of the remixer now would not make any recommendation.

Soon or later, real estate agent ago follow suit. Because scold by many ppl.

One more point, last time remixer can get good commission but not now because most can get investment advice easily. No value add, no commission.

Now Real estate can get 2 or 3% commission on transaction but i think it will soon get lower. Ppl can easily get housing info from any internet. No value add, less commission. Personally, I search property myself in my area. Why pay commission and u can easily the the owner contact from the house neighbour or from developer.
U can easily get lawyer contact from Internet too.

Agreed? Real estate agent, pls be professional and provide advice professionally.
Never advice or else get scold like reminser long time ago.
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U think everybody so free like u meh? Everytime someone wan 2 buy or rent, go and attend the viewing personally?

What do u expect a RE agent to say to be professional in their service?

Buyer: is the selling price fair?

Agent: no comment

Buyer: is the unit easy to rent out?

Agent: no comment

Buyer: is the access good and traffic jam or not?

Agent: no comment

LOL


An investor or home finder shud not trust the agent words blindly but to study the recomendations and facts to make judgement.

I m not a RE agent but happily using their service.

Dun be penny wise pound foolish lor....







macho dog
post Oct 19 2011, 12:43 PM

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QUOTE(kidmad @ Oct 19 2011, 12:06 PM)
I'm speechless with the way you calculated. haha i really gotta LOL hard.  laugh.gif  laugh.gif Where da hell you find 160% profit? hahaha Pay the bank back the money la. and now you have to fork up additional 10% if you are borrowing from the bank.
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I think keith_hjinhoh is putting forward the point that buying cash will generate less return % compared to buying with minimum d/p. If purely from flipping p.o.v, i agree he got the point. If total capital invested is rm30k (for d/p and other related cost) and there is a gain of rm50k upon VP or when he sell (provided he can sell quick quick lar...), his return is 160%, it's technically correct, isn't?

Maybe the figure seems not convincing that for a rm350k property just need to fork out rm30k total capital but hey...dun disc. the fact that dev. often give rebate 5-10% and dibs too. If he can secure 90% loan and with the 5-10% rebate, rm30k investment capital is possible too.

Just m2c.





This post has been edited by macho dog: Oct 19 2011, 12:46 PM
macho dog
post Nov 12 2011, 01:24 PM

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QUOTE(ayha2009 @ Nov 11 2011, 07:24 PM)

Added on November 11, 2011, 7:27 pmJust to share.
This prop was auction last year at 890k.
http://thinkproperty.com.my/realestate/ind...tail&id=1221056

Now was auction with 10%less. First time no one bid.
Who say bank belong is always lowest. It can go lower.
This is just one real case and there are many to come.


Added on November 11, 2011, 7:34 pmLet give another example.
http://www.iproperty.com.my/propertylistin...d_House_ForSale

This one was asking 790k.
Do you think bandar botanic and kiang bandar baru is not good location?
It has jj, tesco and giant nearby.
Any feedback is welcome but pls give facts and example rather blow water..
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Auctioneer often advertise low reserve price to attract as many bidders as possible.


The reserve price cud b d amount owed to the bank + auction fee + other cost.


For props in good location, the successful bidding price often goes much higher than the reserved price.








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