As an investor, you will definitely have to outrun some disasters and avoid some pitfalls, our experience in this field takes the form of words you will see below, please make sure you don’t make these mistakes.
Below is a list, it’s not exhaustive, and these aren’t just the only mistakes an unguided investor will make, but these are 18 of the most serious ones.
1. Wrong valuation: if you’ve paid too much for a property or received too less for it, then you’ve let your money go astray. Try out free valuation and free sale valuation to avoid this most common mistake.
2. Comparing the property with other properties in the area is not the universal comparing standard, every property is different. Not only because of the way it was constructed but also since it occupies a different piece of land and an inexperienced eye cannot judge the value a land offers. Our motto is Location, Location, and Location.
3. Using unreliable realtors, or more appropriately what we like to call them - Quacks. Our top line of partners are qualified and experienced for this kind of business.
4. Base their decision on market statistics or worse, gut feelings.
5. What’s worse than no inspection?! A bad inspection. And a lot of investors make this mistake.
6. No spare cash. :( Always leave some margin on the investment you’re making, always keep an allowance. We can help you minimize this allowance with our partner valuation.
7. When selling, do not make a very high estimate, an accurate estimate is the only happy way out for both the buyer and seller.
8. Always pay attention to every detail, no matter how small. For most of you house owner, buying a house is a once in a lifetime chore, make sure you don’t waste that.
9. Do not overspend on improvements; these are perhaps the only part of a house that depreciates rapidly.
10. On the other hand, make sure you cover the basics clearly when it comes to improving you property, or else the buyers will just point out the defects and claim lower prices.
11. Don’t try improving your house on your own. There are people out there to do it for you. Save your time, money and the possible discomfort that may arise form armature work.
12. Irregular documentation: Make sure all necessary documents are complete and lined up.
13. Waiting long times for the right price: let me let you in on a secret of this trade, it’s better to sell it and cry then keep it and cry out. Our network in lining up with your desired price with minimum hassle.
14. Incomplete written agreements: these are things that only a legal partner can properly you guide you with.
15. Promising freebees: don’t promise anything more than the house itself, you may end up losing more then you made.
16. Bad customer service: always be professional, polite and responsible.
17. Going over a dealer: always have good realtors to manage your case.
Buy Sell Rent Invest Singapore Property
Billy Chen 曾庆义
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com ( email me )
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