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Investment FREE SOLID REAL ESTATE RELATED ADVICE

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TSlooqsonline
post May 11 2009, 08:48 PM

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it's what u call .. optimistic sellers ...
TSlooqsonline
post May 11 2009, 10:41 PM

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QUOTE(QCA5958 @ May 11 2009, 12:50 PM)
Hi.. I need some advice here.
From an investment perspective., which is a better choice:

1) Double storey terrace corner
    Land size: 11.2 pts
    Built up area: >2500sq ft.
    Modern-ish design, reputable developer. contruction to start in June 2009
    Price: 478K firm
    Pros - Huge built up area, free kitchen cabinet, alarm, autogate, granite countertop & shower screen to all bathroom.
    Cons: Expensive for a terrace..

2) Double storey semi-detached
    Land size: 10.7 pts
    Built up area <2000sq ft.
    New developer (previous was contractor to other developers), house nearing completion - walls, roofing are up.
    Price: 460K negotiable.
    Pros - nice car park layout, good roofing work - guarantee wont leak, cheap
    Cons: Very small built up area for a semi-detached. rooms are quite small/ crowded

Both are located in the same area... Personally I'm thinking more towards option 1, but what about from an investment point of view. Lets say i want to sell it after the house is completed. Would anyone be interested in such an expensive terrace house?

Thanks in advance...
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there must be a reason the semi d's build up is small .. probably pinching contruction costs in an area with expensive land .. again hard to answer u .. i don't know the area .. then u have to consider living and design concept .. this question to hard for me to answer .. anyone here willing to answer this question? but i would go for number 1 because it is a corner lot and everything seems better but construction starts june 2009 .. and the semi d is near completion .. again i would see the concept lor .. then i guess the semi d is in a good area ... but overall the first sounds like a more livable house some more corner lot .. i won;'t tell u which to buy cause i donno how to answer
TSlooqsonline
post May 12 2009, 09:04 PM

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QUOTE(Pai @ May 12 2009, 08:28 AM)
lethal combi that is ............... optimistic sellers AND clueless buyers  hmm.gif
minolta, are these studio's or what?
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true true ... but i like my terminology better hehehe ... getting f***ed in the ass is a two way thing .. u need an ass f***er and an ass


Added on May 12, 2009, 9:14 pm
QUOTE(ewarehouse.com.my @ May 12 2009, 02:57 PM)
Hi,

I need SIFU advice for may case.

I just paid 2% deposit for Condo in Desa ParkCity, it cost RM480K. When I apply loan most banks value my property only worth RM400K. OMG! It almost cause my heart attack.

I have called & checked around other agents and units for sale on this condo, all price above RM500K. I asked agent why this happen, they told me is usual for Desa ParkCity, valuer just cannot cope with the increasing value in Desa ParkCity and their based on 1 - 2 years transacted data, is this true? As I looking for 90% loan, it maybe big trouble for me.


Added on May 12, 2009, 3:16 pmAnd now estate agent introduced banker Cxxx for me, he initial got value of RM450K, a day later was able to matched my value. My concern are:

1) Is this property overprice?
2) If bank offer me Letter of Offer for this price, but when valuer actual value show less, mean I have to pay the diff. as I looking for 90% loan?
3) Why other banks value so much diff. with Cxxx bank's valuer?
*
well valuers can always cope with higher prices ...

1. valuers base their verbal indications on completed transactions from 6 months ago
2. most agents have only a starfish system which collects data of selling prices from newspaper classified and derive their values from selling prices and not transacted prices
3.being a previous citibanker, citibank has always been more laxed on property values .. also adding notions of reno will boost values high .. i don't know about now ..
3.try banks like hsbc .. they have been know to be strict on their valuations
4.add 15%-20% on valuation given by bankers ...
5.hearsay is naysay .. show the facts ..


This post has been edited by looqsonline: May 12 2009, 09:14 PM
TSlooqsonline
post May 12 2009, 10:56 PM

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QUOTE(QCA5958 @ May 12 2009, 10:27 PM)
Ok guys... These two are the photos for the houses i've mentioned.  So, which one would you choose to buy?
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first one ... for sure .. i hate sharing porches with people ... got small space? go to ikea upper bunk with a working area below .. kids love it
TSlooqsonline
post Dec 27 2009, 02:30 PM

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wooo .. this thread is still alive
TSlooqsonline
post Jan 27 2010, 01:22 AM

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QUOTE(hslsam @ Dec 30 2009, 12:51 AM)
you owe ppl answers!  mad.gif  vmad.gif  mad.gif  vmad.gif
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hahah wish i had somee .. been out of the game for too long already


Added on January 27, 2010, 1:27 am
QUOTE(jovyn @ Jan 26 2010, 10:29 PM)
this thread still alive?

im facing dilema now...bought 2nd hand apartment (leasehold)...at 1st all every thing was ok, down payment given, contract sign (4+1 month) on beginning of june 09...

1st seller promise can get house end of year...on December we just realize is a BUMI lot....zzzzzz....the buyer din even tell us at 1st place...so the process with goverm. etc take longer than we expected...

Now the seller wan to charge us interest on the delay of this thing...until now we haven get the key...bank edi pay the seller cheque last friday...

our lawyer also...haiz, dunwan answer our call....very heart broken...

is it the seller fault that din tell us is it a bumilot at the 1st place? anyone face such problem b4? cry.gif
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ur lawyer is at fault here .. didn't do his errr ... what is the word for it /.... he didn't do his "validation work or verification work" (there's actually a word for it) .... anyhow .. how come the bank can let u get a loan ah?

This post has been edited by looqsonline: Jan 27 2010, 01:27 AM
TSlooqsonline
post Apr 18 2010, 06:15 PM

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i was just wondering .., why is the troika behind citibank jalan ampang taking so long to complete? has been 4 years since ground breaking
TSlooqsonline
post Apr 26 2010, 09:40 PM

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hi guys! i'm looking for a branding and marketing or business development position in a property company! for more information please pm me!

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