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 How to buy subsale below market value ?, 10 - 20% lower than martket price.....

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KLsooner
post Aug 13 2013, 11:33 AM

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QUOTE(moon yuen @ Aug 13 2013, 01:47 AM)
I have read a few investment books. They always mentioned about they bought property below market price by 15% to 25%..... 

In reality, I found most subsale selling HIGHER THAN MARKET VALUE.... mad.gif Eg. Bank value at RM300K, they are selling at RM 420K.... rclxub.gif  If lucky, they are selling at market price, but at a not so preferable location....

1) How to do  buy subsale below market value ?
2) Heard about Zero cost home ? How is the actual implementation ?

Thanks  notworthy.gif
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Check the publishing date of the book that you read. And mind you those authors of the books are sharing their past experiance, so those things inside the books could be "outdated" or too good to be true in real time today.

Chinese saying no Kam Na jumping all around the street. Any deal that seems too good to be true are actually trap in this time of day. Just be careful and watch out, there could be a catch somewhere.

All this undervalue and zero entry talk mostly happen in recession time.
norman05051984
post Aug 13 2013, 11:37 AM

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so is it feasible to use property agent? saw a lot of complains from this this forum saying that agents tipu kaw-kaw
MonsterPips
post Aug 13 2013, 01:17 PM

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I viewed a house 2 years ago on in subang jaya ss18. A 22x80 house asking for rm530k. Small buildup, randown. I think if i can secure rm100k for reno, can make it looks good to stay

Now; regret i didnt grab the house
keithcky
post Aug 13 2013, 02:04 PM

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Yes there are still under value properties. Bought two early this early, but there are 'catch'. E.g lots upfront cash, under table n so on tongue.gif
jason824
post Aug 13 2013, 04:32 PM

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QUOTE(keithcky @ Aug 13 2013, 02:04 PM)
Yes there are still under value properties. Bought two early this early, but there are 'catch'. E.g lots upfront cash, under table n so on tongue.gif
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would u elaborate more on the "catch" ?


and all taikos here, do you guys think Miharja Maluri apartment is overvalued with 240k?
Xccess
post Aug 13 2013, 04:47 PM

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Watched a documentary on HK property 1 or 2 months back, this uncle only purchased units with haunting activities, suicide or murder cases. I think he started at age 30, made quite a lot of money as landlord dispose it cheap.

Maybe can go towards this direction. brows.gif

This post has been edited by Xccess: Aug 13 2013, 04:48 PM
TSmoon yuen
post Aug 13 2013, 08:09 PM

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QUOTE(Xccess @ Aug 13 2013, 04:47 PM)
Watched a documentary on HK property 1 or 2 months back, this uncle only purchased units with haunting activities, suicide or murder cases. I think he started at age 30, made quite a lot of money as landlord dispose it cheap.

Maybe can go towards this direction.  brows.gif
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Malaysian Owner, house even haunted, also sell at Market Price rclxub.gif rclxub.gif

They bet the buyer don't know ...
rachel_xxx
post Aug 13 2013, 09:10 PM

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QUOTE(moon yuen @ Aug 13 2013, 08:09 PM)
Malaysian Owner, house even haunted, also sell at Market Price  rclxub.gif  rclxub.gif

They bet the buyer don't know ...
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haha true
DCKC
post Aug 13 2013, 10:09 PM

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BTW, how do we check the market value of a subsale property so that we can gauge whether what the seller asking is "way beyond"? Can we check with the banks or the property agent (which may not give an accurate figure)? The market value is important because when we borrow from bank they base the loan on the market value, izzit?
TSmoon yuen
post Aug 13 2013, 10:20 PM

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QUOTE(DCKC @ Aug 13 2013, 10:09 PM)
BTW, how do we check the market value of a subsale property so that we can gauge whether what the seller asking is "way beyond"? Can we check with the banks or the property agent (which may not give an accurate figure)? The market value is important because when we borrow from bank they base the loan  on the market value, izzit?
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Most of the time, agent will roughly tell u the market price lo...

If they sell more than bank /market value, u need to TOP UP the difference lo...

Best way is check with various bank...
kurtkob78
post Aug 13 2013, 10:29 PM

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QUOTE(DCKC @ Aug 13 2013, 10:09 PM)
BTW, how do we check the market value of a subsale property so that we can gauge whether what the seller asking is "way beyond"? Can we check with the banks or the property agent (which may not give an accurate figure)? The market value is important because when we borrow from bank they base the loan  on the market value, izzit?
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Dont trust agent. Ask several banks and valuers
JamesPond
post Aug 13 2013, 10:31 PM

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Everywhere also got. Ts pls do your research before consider ask everyone here.
DCKC
post Aug 13 2013, 10:43 PM

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QUOTE(kurtkob78 @ Aug 13 2013, 10:29 PM)
Dont trust agent. Ask several banks and valuers
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Yeah, agents sometime dont give accurate market values intentionally or otherwise....sad.gif and i guess banks dont really entertain esp if we are not big timers just someone who wanted to buy a property to stay, not investing to resell... thanks anyway for answer, apprec it smile.gif
DCKC
post Aug 13 2013, 10:44 PM

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QUOTE(moon yuen @ Aug 13 2013, 10:20 PM)
Most of the time, agent will roughly tell u the market price lo...

If they sell more than bank /market value, u need to TOP UP the difference lo...

Best way is check with various bank...
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Thanks bro smile.gif
CK15
post Aug 13 2013, 10:44 PM

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QUOTE(JamesPond @ Aug 13 2013, 10:31 PM)
Everywhere also got. Ts pls do your research before consider ask everyone here.
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+1

Do ur own research for the target propert(ies) and location(s) to know the market price first... then monitoring it like reading news paper every day (every few hours if possible. Not joking!)... You'll got it one day! But, ple fast hand fast legs to make appointment and place booking... else the opportunity will gone veryx3 fast!!!

feekle
post Aug 13 2013, 10:47 PM

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Is that even possible?
DCKC
post Aug 13 2013, 10:49 PM

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QUOTE(CK15 @ Aug 13 2013, 10:44 PM)
+1

Do ur own research for the target propert(ies) and location(s) to know the market price first... then monitoring it like reading news paper every day (every few hours if possible. Not joking!)... You'll got it one day! But, ple fast hand fast legs to make appointment and place booking... else the opportunity will gone veryx3 fast!!!
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Hahaha - like your comments smile.gif ya lor must be fast esp new properties I guess,,,, i heard rimbayu phase 2 sold out by 3pm today and i only got an sms this morning! wow!
CK15
post Aug 13 2013, 10:57 PM

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QUOTE(DCKC @ Aug 13 2013, 10:49 PM)
Hahaha - like your comments smile.gif ya lor must be fast esp new properties I guess,,,, i heard rimbayu phase 2 sold out by 3pm today and i only got an sms this morning! wow!
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Also apply to sub-sale. Peoples stay at that location know the market price and demand very well. They are the 1st one to grab it! So.... build ur network on the target location will increase the chansi..!!!
straw
post Aug 13 2013, 10:59 PM

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even nowadays auction property the price also near market price ...

property today the price within one week can different price especially shop ... thanks to hardworking agents ...








DCKC
post Aug 13 2013, 11:06 PM

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QUOTE(CK15 @ Aug 13 2013, 10:57 PM)
Also apply to sub-sale. Peoples stay at that location know the market price and demand very well. They are the 1st one to grab it! So.... build ur network on the target location will increase the chansi..!!!
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tQ sifu!!

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