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 How to find actual transaction prices?, wants to know property's real value

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TSashburn98
post Oct 24 2008, 04:31 PM, updated 18y ago

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Hello sifus,

How/where can I get actual selling prices instead of asking prices (from property portals)? I want to make the best possible informed choices, as best as I can. Is there a physical place where I have to go to get this info?
arthurlwf
post Oct 26 2008, 09:24 PM

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QUOTE(ashburn98 @ Oct 24 2008, 04:31 PM)
Hello sifus,

How/where can I get actual selling prices instead of asking prices (from property portals)? I want to make the best possible informed choices, as best as I can. Is there a physical place where I have to go to get this info?
*
Check with bank's mortgage agent
agape_ian
post Nov 3 2008, 03:26 PM

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You can try asking from the real estate agents. There is not much differences between actual transaction price and the market price. In rare cases, the actual transaction price is even higher than the market price.
arthurlwf
post Nov 3 2008, 04:41 PM

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QUOTE(agape_ian @ Nov 3 2008, 03:26 PM)
You can try asking from the real estate agents. There is not much differences between actual transaction price and the market price. In rare cases, the actual transaction price is even higher than the market price.
*
Real estate agent normally mark up the price very high...sometimes its so difficult to know whether the real estate agent is telling the truth...
Worst if all the real estate agent group together to mark up the price in a specific properties..
sordanny
post Nov 3 2008, 05:32 PM

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What u can do is have a fren working in the bank as mortgage salesman
then ask his help to call valuers!!!!
ABSOLUTELY FOC SERVICE!!!! laugh.gif
ed0gawa
post Nov 3 2008, 07:13 PM

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Valuers have the most accurate info ...
The figures that mortgage banker knows come from valuer, and yes, transacted value is normally a lil higher than open market value.

A very easy way to roughly know your property value. Call a banker, tell them you wanna refinance, give them your address, property size, any renovations etc. Soon you'll know your house value whistling.gif
hspace
post Nov 7 2008, 11:49 PM

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I agree. Real estate agents mark up the prices sometimes 20-30% higher.

Ask your bank mortgage guy for the last few actual transacted prices. The prices in the ads are misleading.

QUOTE(arthurlwf @ Nov 3 2008, 04:41 PM)
Real estate agent normally mark up the price very high...sometimes its so difficult to know whether the real estate agent is telling the truth...
Worst if all the real estate agent group together to mark up the price in a specific properties..
*
TSashburn98
post Dec 19 2008, 07:41 AM

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QUOTE(ed0gawa @ Nov 3 2008, 07:13 PM)
Valuers have the most accurate info ...
The figures that mortgage banker knows come from valuer, and yes, transacted value is normally a lil higher than open market value.

A very easy way to roughly know your property value. Call a banker, tell them you wanna refinance, give them your address, property size, any renovations etc. Soon you'll know your house value whistling.gif
*
I see. Very helpful tip (way) there.
Thanks.
profcomo
post Dec 19 2008, 12:58 PM

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QUOTE(hspace @ Nov 7 2008, 11:49 PM)
I agree. Real estate agents mark up the prices sometimes 20-30% higher.

Ask your bank mortgage guy for the last few actual transacted prices. The prices in the ads are misleading.
*
I may help you on checking the market value of the properties. I am a mortgage in UOBSS based in tmn connaught, just PM me or call me 0193077388 (eric) for my assistance smile.gif
DannyOP
post Dec 19 2008, 04:23 PM

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Best place to get info is from the land office and valuation co. You can get a copy of the latest actual transactions. What is in the newspaper and the agents and the banks are only estimates.

 

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