Hey sifus, I need some advice as I'm not sure what is the best way to sell my house.

I've purchased a new house which expected to be completed mid next year. Currently I live in an apartment which I bought 5 years ago. So, here are my questions:

1. When is the right time to sell my current house? I will move out once the new house is ready.
2. What should I do first? Engage agent? bank? Advertise in mudah and find buyer?
3. Sell through agent or direct to buyer? Which one is better & faster?

Thanks in advance!

easiest is look for agent
most of the work will be taken care of

but timing to sell house now or within 1 year is very bad, prices have weakened and many sense that it will weaken further, especially after bank started to collect their monthly repayment

do your apartment located at a strategic place?

if yes...try consider rent it out...


then..after economy recover..can consider selling it

Sell at highest price and shortest time are mutually exclusive. what is "the best"?

property transaction is a zero sum game; what is better for vendor is not for buyer and vv.

This post has been edited by icemanfx: May 29 2020, 11:39 AM

normally how much percentage for agent ya? ya, understand the prices is fallen right now. i mean if i can get my target selling price, i would let go. it just that should i start finding agent/buyer now or 3-4 months before i move out?

located in bukit indah, ampang. so, i would say yes. thanks for the insights bro. i will consider that.

i plan to sell it not more than market price.

Wow, I want to sell also. Will follow discussion here.

Start advertising now!

It is better to sell off earlier and need to find a temporary place to stay before your new prop is VP than to be stuck in two properties much later on.

But the hassle is you may need to move in twice.

the easiest way is to just contact an agent..

especially if you're a busy working man and dont have time to do it yourself.

What is market price? is your market price realistic?

Once you receive the key & start renovation. Let say renovation take 3 month from January to March..

you may engage agent to help you to sell your house at February/March..

if im you, i will let agent to publish For Sale on January and may negotiate with new owner that you will move out at march..

too late to start in Feb/Mar

it takes time to find buyers, viewing
arranging loan / landoffice search / lawyer / paperworks / transfer alone will take 2 months at least

This post has been edited by matrix88: May 29 2020, 01:33 PM

- easiest way is by agent, multiple agent can get buyer more quickly, dont use the exclusive agent( will only use 1 agent, mean u cant find other agent once u sign the form). agent fee if based on law, should be 3% + sst tax. but this normally will be paid by buyer. meaning buyer pay 3% upfront for agent fee 3%. u get 97% from the total sale.


- the best time to start advertise/find agent should be few month before u move out. time time taken to complete the name transfer including bank release etc is min 3 months. start from buyer sign the offer letter until completed the SPA and the bank transfer if ur title is freehold and no restriction. if not, then 6 months.

- if u want to sell it urself, u might save 3%, but lil bit hassle, u need to entertain buyer, u need to find a lawyer urself, as for the bank, u can ask ur buyer to find themself,

- for the price of sale, this is depend on which bank, as the bank will find their own valuer, to value ur house based on market value. normally agent hv good contacts with bank and lawyer and can fetch higher market value , so that u can sell it below market value, that might be plus point to the buyer

- to get fast buyer, u can try sell it below market value around 10%.

i was thinking the same but based on the feedback here, easier way is by through agent. a bit hassle for me to move in twice as i got 4 kids.

will consider it. thanks

let say the market price is 300k, and i wanna sell it 300k. is that consider realistic?

i plan to do minor reno only that might takes max 1 month. appreciate your thought

i think average transaction would be around 3 months right. the thing is i'm a bit skeptical if i couldn't find buyer 3 months before i move out

wow, very clear and detail explanations. thanks man. i will consider every single point.

my only question: how do i find agent (credible and trusted)? is there any platform?

Use agent la easy

Yea you may have to forgo 2-3% of the selling price to agent fee, but thts the cost of marketing maa

For me, execution is more important than getting the best price, especially for such an illiquid asset

How you determine market price is 300K and not 270k?

That’s just an example. If the market price is 270k, I’ll go with 270k. No issue with that as long as it matches the market price

Start selling tomorrow. You wont know how many months when a buyer comes along.

Inform your agents that you need to rent back the unit from the buyer until your new unit is ready.

The new owner gets a rental income and your family dont have to move twice.

Update: It's sold at my expected price! Buyer already paid 3% booking. Now lawyer is preparing the S&P. Buyer also not rush to move in.

Glad that my advise helped you.