QUOTE(Phoeni_142 @ Sep 9 2009, 09:19 PM)
to be honest - the bank valued it at 123K, and I was fine with it.
when I looked at the valuation report, there were 2 other studios which were transacted within the last 12 months of my purchase. One went for 120K, the other 145K. In short, your 130K is not too bad a price.
I suspect your COCR was deflated by reno and legal costs, bro. secondly, i think u were a bit too conservative in your assumption of a financing package. U can easily get a ZEC package at less than 4%.
difference in your DP of 13K and mine of 12.3K won't make a material impact on the COCR equation.
update us on what happens, mate.
Hi all, when I looked at the valuation report, there were 2 other studios which were transacted within the last 12 months of my purchase. One went for 120K, the other 145K. In short, your 130K is not too bad a price.
I suspect your COCR was deflated by reno and legal costs, bro. secondly, i think u were a bit too conservative in your assumption of a financing package. U can easily get a ZEC package at less than 4%.
difference in your DP of 13K and mine of 12.3K won't make a material impact on the COCR equation.
update us on what happens, mate.
Mind to share what's the rental in faber ria? i'm thinking to get low rise duplex 950 sqf @ 220k.
will i be able to rent it for RM 1,200 per month?
Cheers, thx heap