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Selling property - Make money?
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Rooney1985
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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. Looks like a very small profit maybe loss. Why never try to sell for higher price?
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TSliquidz
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Sep 14 2013, 06:06 PM
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Getting Started

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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? Property not always make money one..yah moving to new house soon!
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TSliquidz
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Sep 14 2013, 06:07 PM
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Getting Started

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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?  Need to let go bro...don like the place!
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bukithot
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Sep 14 2013, 06:34 PM
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QUOTE(Rooney1985 @ Sep 14 2013, 05:10 PM) +1  Please also include value for safety of life and convenience... I think become profit. Agree. I like the auto ad that stated "Move at your own time". This post has been edited by bukithot: Sep 14 2013, 06:35 PM
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bukithot
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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! I see... all the best bro. But rental play doesnt work there? Mind to share your location?
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wanted111who
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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?
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brother love
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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
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ed1torz
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Sep 14 2013, 06:52 PM
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the condo you purchased is really under-perform
another bayu mont kiara case?
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AMINT
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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 For me it is very simple bro. Profit = selling price - buying price - all other expenses - inflation. Thats for me
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TSliquidz
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Sep 14 2013, 07:29 PM
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Getting Started

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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? 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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CK15
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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! ;-) 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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