Assumptions can be endless and are usually speculative. I have this encounter where a property owner owns a 2 storey freehold shop house where first floor is retail and 2nd floor is residential. He had heard rumours that the area can be converted into full commercial therefore his pricing as pegged to a full commercial unit that is comparable. Will a buyer be willing to pay the price based on the assumption that it can be converted?
My simple opinion to would-be home sellers is that they should always based on their needs to sell. If there is no need to sell, or if the sale proceeds does not justify to their post sale planning, then we need to assess if the situation can turn better in the short to medium term? If not, would it make more sense to liquidate now than hold on to it and risk further price erosion? Will you be able to re-invest these funds from the sale into another product that can give you the potential returns?
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 8,500 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ 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.
Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at
81577565
.
I look very much to hear from you soon.
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
Regards,
Geryl LIM
Consultant - Director
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
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