Oct 2 2011, 06:14 PM
QUOTE(spydermind @ Oct 2 2011, 03:55 PM)
Seriously, these sort of method can help to preserve property price? the intention is good, however, not easy....for example, if some suddenly need cash > he or she might just go ahead to sell at lower than the so called agreed price. And we cant blame them as well, as this is individual property and also everyone has their own appetite...
Obviously, there are many not here as they might not be forumer.....so this woul dbe another challenge, especailly when this group of people selling at lower price.....and the forumer insist on 460psf....
Thirdly, i think actually property agent might be able to do a better job in influencing the price if they really want to ...but again, agent is more focus closing the deal most of the time, the 10% difference in selling price has very minimum impact to their commission ... especially for negotiator.
LAstly, if there is no valuation, then property valuer will based upon similar product within the neighbourhood. Nowadays a lot of property is selling below valuation. YOu can call that the valuation system is not up to date, or the market price is very much higher than the actual price....but, it will not make any difference...the most important issue is that, if the valuation is substantial lower than te asking price, seller would have tougher time selling it. if it is 10-15 lower, which mean the buyer need to folk out 20-25% as downpayment....so for Zest, it will be easier 100-150k, may need a bit more for SPA, Load agreement, etc....
Anyway, it is interesting to see this approach...and now harm trying.....btw, in business world, this is not allowed, as this is considered price fixing....
I beg to differ!Obviously, there are many not here as they might not be forumer.....so this woul dbe another challenge, especailly when this group of people selling at lower price.....and the forumer insist on 460psf....
Thirdly, i think actually property agent might be able to do a better job in influencing the price if they really want to ...but again, agent is more focus closing the deal most of the time, the 10% difference in selling price has very minimum impact to their commission ... especially for negotiator.
LAstly, if there is no valuation, then property valuer will based upon similar product within the neighbourhood. Nowadays a lot of property is selling below valuation. YOu can call that the valuation system is not up to date, or the market price is very much higher than the actual price....but, it will not make any difference...the most important issue is that, if the valuation is substantial lower than te asking price, seller would have tougher time selling it. if it is 10-15 lower, which mean the buyer need to folk out 20-25% as downpayment....so for Zest, it will be easier 100-150k, may need a bit more for SPA, Load agreement, etc....
Anyway, it is interesting to see this approach...and now harm trying.....btw, in business world, this is not allowed, as this is considered price fixing....
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