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 80s babies, have they started buying property?

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jo8981
post Jun 18 2018, 12:42 AM

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90s here..bought my first condo on auction and currently staying in it and renting extra rooms out. Considering 2nd one for investment but quite worried over the market cox of the oversupply in affordable housing. Very impressed by all the sifu sifu here who own many props πŸ™ enjoy reading your sharing of experiences 😊
jo8981
post Jun 18 2018, 11:40 AM

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QUOTE(Tan&tan @ Jun 18 2018, 03:01 AM)
Duta park good luck
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What's wrong with duta park?
jo8981
post Jun 19 2018, 02:41 PM

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QUOTE(MADReaLJL @ Jun 19 2018, 02:33 PM)
'88 here.. 2 props.. 1 double storey terrace at puncak alam.. 1 single storey terrace at kepong.. Both also subsale.. Now looking for new project
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Do u mind sharing why you chose subsale previously? And what makes you wanna buy a new project for your next property?
jo8981
post Jun 20 2018, 12:26 PM

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QUOTE(myroy @ Jun 20 2018, 11:43 AM)
Im 1993 (25 YO)
Still renting, trying to get 1st house
kindly advise me
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I am not a pro by any means, but a good starting point would be to:

1. Find out how much you can afford (google up property calculator and play with the numbers to see the monthly installment and amount you need to pay upfront like downpayment, legal fees, etc). Look up the debt service ratio (DSR) on your income to see the loan amount you can qualify for
2. Identify your preferred locations
3. Search for property listings online based on your locations
4. View properties

If you want a property for ownstay or to rent out you might have different search criteria as well...more bedrooms/more space, what tradeoffs you can tolerate or must haves.. a lengthy process but necessary to go through to make the best decision for yourself in your own capacity.

Can get more advice from the sifus here, they have much experience and are willing to share smile.gif

jo8981
post Jun 20 2018, 12:45 PM

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QUOTE(myroy @ Jun 20 2018, 12:31 PM)
Trying to combine with my wife salary total RM6k
Eyeing for RUMAWIP Residensi hektar (http://www.residensihektargombak.com.my/index.php) value RM300k
Will meet property agent this friday, hopefully he will teach me abit on how to buy property
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all the best to you mate thumbup.gif for first prop u can get stamp duty waiver for up to 300k

rumawip 10 yrs cannot sell ya btw

Also if u hv info from prop agent that u dont und can always ask around in forum to get a second opinion. Always rmb that prop agent best interest is to sell the prop to u, sometimes they may not paint the full picture. But of cos there r ethical ones also la smile.gif
jo8981
post Aug 24 2018, 10:56 PM

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QUOTE(Rudd @ Aug 24 2018, 10:33 PM)
Not a landed house, it's actually an apartment.
Cyberjaya.
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You can find lots of good deals in cyberjaya now, if got cash reserves can go try your luck at auctions. Verdi and Mutiara Ville got quite a number of offerings.
jo8981
post Aug 25 2018, 06:35 PM

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QUOTE(GreenHulk555 @ Aug 24 2018, 11:56 PM)
Agree, first time home buyer don’t buy from auction market. Really kena makan pun tak tahu.
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Oops... I did that though, bought my first prop on auction. I got lucky I guess πŸ˜…

 

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