Property price/value (Petrol hike), How petrol hike can affect price/value?
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 Jun 18 2008, 09:25 AM
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#1
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Junior Member
315 posts Joined: Oct 2007 
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looks like i have to increase my house price by 10 %
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Jun 18 2008, 11:14 AM
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#2
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Junior Member
315 posts Joined: Oct 2007
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QUOTE(gkl83 @ Jun 18 2008, 09:42 AM) but bank loan will provide loan th new owner according to market price.... you got a good point there, i think probably not as mush as 10 %, but 5-10K increase shouldnt be a problem in my opinionif u increase price to RM400k, but ur house market value is RM350k... bank will provide the loan to new owner according to RM350k, means RM280k-315k loan will approve... which means new owner have to bear RM85k-RM120k for downpayment... for that amount i think very less buyers will consider ur house...  |
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