While you may exercise your right as a seller to indicate your desired asking price, the transacted price will be determined by what the current market is willing to pay. If you price is beyond the average transacted price in your area, you will eventually have to reduce the price to a more realistic level.
Some questions to ask yourself include the following:
1. Will there be any buyers right now that are willing to buy at this price?
2. Am I limiting the pool of buyers?
3. Are there any other such competing units that are currently asking or have been transacted at such price?
Doing so will not only make the job easier for your agent but ensure that your flat gets sold at the shortest time possible.
Hope this answers your question.
Team PropertyGuru Read More
I am guessing you are referring to the Teban View cluster? It also depends on the unit condition as well. 560k will be on the upper boundary of the price range here and there must be compelling reasons for the buyer to offer such a number, perhaps for example, top floor and no afternoon sun. In fact, it can potentially get the buyer a lower to middle floor range 5-room at nearby Teban Vista, which is also relatively new as a 7 year old cluster.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Ivan Ng Realtor
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
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I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.
-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --
We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.
We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.
We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture! Read More
The most recent transaction there is a high floor 4RM in Blk 57, that was sold at $462k. By asking more than $100k above at $570k, your flat might probably need to be a standout amongst the rest for a Buyer to be willing to fork out way above valuation.
I am experienced and well-versed in both HDB resale and private transactions. I will be able to assist you in your property plans.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.
PropNex Realty Read More
You may text 9620 0827 for a casual chat.
Gavin Read More
Pricing strategy should also consider how many similar flats like yours are selling within the cluster of flats, and also how many transactions has been completed within the past couple of months on average.
By establishing this, we will then be able to have a better idea on the supply and demand of similar homes in your area. In cases where there are other similar units for sale in your area which are calling at the indicative market value you have gotten from the various sources, we need to then put ourselves in the the buyers' shoes to understand if we will be willing to fork out that additional $100k more for your place over the "competitors", or will you rather spend this $100k to renovate the competitor unit to a quality home?
In the digital age today where data and information are easily available especially with the transparency of data in Singapore's real estate market, therefore the positioning of a unit for sale will be critical.
I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
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Do contact me at 93375051 for a free and non obligatory discussions on this. With COV being an issue with most buyers, price positioning is an important espect to consider. I will explain to you in details and assist in your future plan once I have the necessary information in regards to your current flat and finances.
ERA Realty Network Pte Ltd Read More