Aug 13 2013, 09:26 AM
QUOTE(UFO-ET @ Aug 13 2013, 08:26 AM)
Buy under value property needs courage. I share my experience :-
Property A (10 yr old Hse) : RM1.5 mil owner asking
Bank valuation : RM1.43 mil max
When show to buyer, normally offer 1.35 mil or say expensive.
Sometimes I tested my buyer : "nolah, the price is 1.1 mil onlyl, pls issue the booking deposit 3%"
99% of my buyer will ask : "Why so cheap?" "Anything wrong with the house ah?" "Why nobody want?" "Got hantu may be, I better think twice"
99% I can't close the deal. It happen mostly to relatively old house
That is so right! It takes courage and one should be mentally prepared to quickly execute...often times on the spot. However, easier said then done, but thats the gist. If you find a good deal but don't execute, then often times its gone when you come back. Done that a few times....missed a few good opportunities because I had the same thought as your buyer. Guess its nature. Sigh.Property A (10 yr old Hse) : RM1.5 mil owner asking
Bank valuation : RM1.43 mil max
When show to buyer, normally offer 1.35 mil or say expensive.
Sometimes I tested my buyer : "nolah, the price is 1.1 mil onlyl, pls issue the booking deposit 3%"
99% of my buyer will ask : "Why so cheap?" "Anything wrong with the house ah?" "Why nobody want?" "Got hantu may be, I better think twice"
99% I can't close the deal. It happen mostly to relatively old house
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