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Attention all sellers: The market is good for buying too

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Yes, it’s a buyer’s market today. But a seller can also be a buyer, so don't be discouraged.

Six months ago, a good friend asked about the price of a landed terrace house that he wished to sell.

When it comes to buying, only actual transactions count. No one gives any “respect” to the price you wish to quote, especially in a slow market. Here is something you must understand: “The market price is supposed to be the transacted price. It is not the property advertisement listing price.”When the market is slow, it benefits everyone who’s taking advantage of the situation.

However, if the goal is to sell your property and put the money into a Fixed Deposit account, that’s another story altogether.However, you must bear in mind that landed homes do not provide the best returns when it comes to rental returns.

 

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