QUOTE(bearbearwong @ Jun 21 2014, 11:54 PM)
in paper yes.. to BBB plesae be minded that a few out of some 300 units transacted with 800k does not mean the asking price is 800k or around that figure... if the remaining owners think like that or been influence by agents thinking like that, then ur property will stuck there .. first hurdle by doing so is bank valuation.. due to mark up by agents..
why not choose better way such as selling by your own and disregard agents.. the time put in are really worth that extra 50k mark up to agents.. unless you are just too busy till 50k does not mean anyting to you
like Soros said " i may have dropped 1k USD, but for me to bent down and collect the said 1k, i am losing few more thousand in the split seconds" other than this category.. owners act on it..
Book knowledge is very useful like old time china war strategy to win battle against 100,000 Cao Cao army with only 10,000 troop combine with Liu Bei . But nowadays is not war , is property that everyone dream to get 1 in their life.
As u count with maybank table , I can see interest rate higher than principal loan prepayment every year. Holding a property must need a time before sell. Price is depend on market BUT what we can do during that time is renting game . I like to use my own as example , I bought a 2 1/2 corner house in SP with 30yr interest & principal is Rm1632/month . It's sub sale so I chooses this property with fully renovated & spend Rm9600 on cheap & promotion furniture and RENT to school with Rm1800. Done with SPA , they will repair everything back to original as term & condition.
About sub sale in future , I do sell higher than I bought before. As I spent years to invest & initial Rm9600 . I can do lower price from Market Value maybe 10% .
Is their(owner) game of choice to put down their price , either high or low. Buyer need to survey that's what I calculate what I spend and what I get .