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 Selling property - Make money?

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Rooney1985
post Sep 14 2013, 05:14 PM

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QUOTE(liquidz @ Sep 14 2013, 12:36 PM)
Sifu-sifu pls advise, any profit made? Regardless of lawyer, loan n maintenance fees paid.

Bought a subsale condo at RM450k 4 years ago for own stay with monthly installment of RM2000. Now sold at RM550k.
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Looks like a very small profit maybe loss.
Why never try to sell for higher price?
smile.gif
TSliquidz
post Sep 14 2013, 06:06 PM

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QUOTE(bukithot @ Sep 14 2013, 04:02 PM)
Have you sold your unit? As mentioned by sifu here, COCR is negative wor. Upgrade to a new one?
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Property not always make money one..yah moving to new house soon!
TSliquidz
post Sep 14 2013, 06:07 PM

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QUOTE(Rooney1985 @ Sep 14 2013, 05:14 PM)
Looks like a very small profit maybe loss.
Why never try to sell for higher price?
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Need to let go bro...don like the place!
bukithot
post Sep 14 2013, 06:34 PM

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QUOTE(Rooney1985 @ Sep 14 2013, 05:10 PM)
+1 laugh.gif

Please also include value for safety of life and convenience... I think become profit.
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Agree. I like the auto ad that stated "Move at your own time". biggrin.gif

This post has been edited by bukithot: Sep 14 2013, 06:35 PM
bukithot
post Sep 14 2013, 06:36 PM

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QUOTE(liquidz @ Sep 14 2013, 06:07 PM)
Need to let go bro...don like the place!
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I see... all the best bro. But rental play doesnt work there? Mind to share your location?
wanted111who
post Sep 14 2013, 06:38 PM

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suggestion - hire a valuer , ask them value your building to the max value possible , mark up the price 5-10% after the valuation price. find another buyer. like other forumer mention, the appreciation is very... slow + low and based on your reply, seems like you are letting go the property in a rush coz you have another target and don't like it. Have you explore the max potential of your property?
brother love
post Sep 14 2013, 06:48 PM

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Wanted to ask this question long ago...read if buy at Rm180k sell rm220k will make loss? Many poperty developers or agents dont tell us to inclide all these cost when calculating net profit

ed1torz
post Sep 14 2013, 06:52 PM

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the condo you purchased is really under-perform

another bayu mont kiara case?
AMINT
post Sep 14 2013, 06:53 PM

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QUOTE(brother love @ Sep 14 2013, 06:48 PM)
Wanted to ask this question long ago...read if buy at Rm180k sell rm220k will make loss? Many poperty developers or agents dont tell us to inclide all these cost when calculating net profit
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For me it is very simple bro. Profit = selling price - buying price - all other expenses - inflation. Thats for me
TSliquidz
post Sep 14 2013, 07:29 PM

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QUOTE(bukithot @ Sep 14 2013, 06:36 PM)
I see... all the best bro. But rental play doesnt work there? Mind to share your location?
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Rental rate far below installment n high density..so leting go due to new commitment. Location afraid trigger others feeling...allow me to keep it! ;-)
CK15
post Sep 14 2013, 08:13 PM

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QUOTE(liquidz @ Sep 14 2013, 07:29 PM)
Rental rate far below installment n high density..so leting go due to new commitment. Location afraid trigger others feeling...allow me to keep it! ;-)
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Changing horse is part of the investment option... as long as ur new horse running faster than current one, u ll gain back later.. GOOD LUCK!


 

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