I have a condo unit for sale. The unit is about to TOP soon. What are various the cost implication that I should take note in my calculations to determine whether I should effect the sale before or after TOP if I had a choice?
Posted by hmmmm on Apr 14, 2008 in General Questions | 884 Views
Latest Answers by Real Estate Professionals (2 Answers)
Answer Posted on Apr 15, 2008
Hi,
Firstly, you need to ask yourself if you are going to rent this out or stay in it. If renting, then you need to look at the rental returns.
Secondly, you need to look at your current mortgage exposure, and the penalty from the bank on redemption. And if you intend to hold and service the loan, how much will it be?
Get someone experience to help you in your calculation. This is especially important if you are holding more than one property.
Ignatius & Adelina (B.Eng, CPA)
Email: sghousingparters@gmail.com
Mobile: 9017-9690
Firstly, you need to ask yourself if you are going to rent this out or stay in it. If renting, then you need to look at the rental returns.
Secondly, you need to look at your current mortgage exposure, and the penalty from the bank on redemption. And if you intend to hold and service the loan, how much will it be?
Get someone experience to help you in your calculation. This is especially important if you are holding more than one property.
Ignatius & Adelina (B.Eng, CPA)
Email: sghousingparters@gmail.com
Mobile: 9017-9690
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