Aug 25 2022, 09:04 PM
QUOTE(acbc @ Jul 20 2022, 09:46 AM)
Not easy to sell.
My old house at KD (a hot location) took over 2 years to sell below market price before the MCO. The agent took 2%. The lawyer took RM 10K and the balance after deducting the outstanding loan left not much but enough to survive through the MCO without any work.
If the condo is located in some ulu place or far from KL, good luck selling in 6 months. If classified as a black area by the bank or agent, even worse.
Any examples of the so-called 'black areas' please? I'm curious to know if this is due to oversupply or specific issues like crime, traffic etc.My old house at KD (a hot location) took over 2 years to sell below market price before the MCO. The agent took 2%. The lawyer took RM 10K and the balance after deducting the outstanding loan left not much but enough to survive through the MCO without any work.
If the condo is located in some ulu place or far from KL, good luck selling in 6 months. If classified as a black area by the bank or agent, even worse.
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