Real Estate

singapore property investing

One of the surest and greatest ways of making a lot of money nowadays is investing in property. But this will only happen when you are knowledgeable, and you know what you are doing, but if you are new in the field, then it can turn out to be a very risky market for you. But if you have the right guide like this one, and you have good information on what happens in the marketplace, then you will make a handsome amount from investing in property more especially in Singapore.

Taking into consideration that Singapore is a very small country geographically, and that it is densely populated, you can be sure that the cost of land acquisition and extension of property is high. This is why it is important that you have a deep and better understanding before you go into investing in property in Singapore.

property in Singapore

Below, we highlight some of the factors that you need to consider before you decide to invest in property in Singapore:

Reason for Purchase

The first factor that you should take into account is the reason why you are investing in property in Singapore. Make an establishment, if you are buying the property for your stay, or for purely investment purpose. Answering this question is important as it goes a long way in determining the type of property you will purchase, its size and location.

The above is informed by the fact that what will be a suitable home for you may not make an ideal property for investment and vice verse.

The Down-payment Money

The second and most important thing that you should establish is the amount of down payment that you will need. This is because the amount of down payment needed to a large extent determines your purchase budget. Some other factors that can influence the amount of cash that you will need for your down payment are if you are taking a bank loan or an HDB loan.

Additional Costs

According to Sotheby’s International Realty,  the marketing agent of tri tower residence in Singapore, always remember to take into consideration the additional costs that come into play when purchasing and owning a property. In addition to the cost that you will incur in purchasing your property, there are some other additional costs that you will have to incur as a property owner. Some of these costs include the agent cost, the resale levy that you will have to pay to complete the purchase process, and the renovation cost if you will have to make some renovations to your property.

Location

property location in singaporeThis can be described as the most important factor to consider when investing in property in Singapore. Bearing in mind that Singapore is not a large country, location is important as the value of your property will be directly affected by where it is located. Ensure that the property you want to invest in is located in a good neighborhood that is secure and close to basic social amenities.

Take the above into consideration, and you will soon be enjoying your returns from your real estate investment.

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Selling a home

Are you planning to sell your home already? Well, people decide to dispose of their homes for many reasons. It could be because they want to upgrade to a modern home, get money to fund another project or just because they are in the business of buying and selling properties.

No matter what the reason is, everyone wants to get a buyer as soon as possible. Being a costly project, buyers take their time to decide since they also want the best. As the seller, you might be wondering; how do I sell my home Cumming, GA fast. This publication gives a guide on how to achieve this without much hassle.

Use an Agent

Real estate agents do a good work of selling homes fast. They have a pool of potential clients either through their website or database whom they can approach to buy your house. Although they take a commission from the sale, these experts will save you time and reduce chances of fraud. What’s more is that they do all the paperwork for the exchange of ownership. In a nutshell, all you have to do is sit back and relax as they make the home sale for you.

Estate agent

Home Staging Strategy

Any home seller is likely to make the process fast if they renovate the home and add modern features. This process is called home staging, which not only entices the sellers but also adds value to the property. As the owner, ensure that repainting is done, the roof can be changed and all cracks in the driveways are repaired.

You could also remodel the bathroom and the kitchen, which will definitely add value to the home. According to research homes that have been renovated have a higher preference for getting a client fast.

Market the House on Social Media

Social media is an easy way to tell as many people as possible that you have a house on sale. Today, almost every person with a mobile phone can access one of the popular social media sites like Facebook and Twitter. These online platforms do have pages that do property listing and you could list yours with ease. Posting clear photos of the house and answering the potential queries clients ask will have you get an interested buyer very fast.

Tell Friends and Family

Word of mouth is powerful and can help you sell the home very fast. Make sure that your friends at work and social events know that you have a house that you are selling. Also, family members can help in spreading this information. Let them share your contact with interested buyers so that they can contact you for viewing and more information.

Conclusion

Today, selling a home is easy unlike a few years ago. The pool of potential buyers has also expanded as people are looking for homes to settle in. However, playing all caution during the process of selling is very important to avoid fraud of such a big project.…

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Are you selling through an auction or treaty?

It is crucial to be guided by a professional on whichever way you choose to sell the house. The method one eventually choose will depend on the area, the type of house and the state of the property When you consult a professional they will tell you the best way to sell the house. Click on the active link for the homes for sale in palos verdes. Of your plans to sell the house so that he may prepare the title documents and the contract for sale.

Is the house under mortgage?

kjkjkjkjkjkIf the house is still under the mortgage as most houses, you have to give authorization to the lending institution to give title deeds to the solicitor in the preparation of the sale contract. It is prudent to carry out this exercise as early as possible to give the counsel ample time to prepare for the contract for sale.

The sale contracts

The beginning of drawing the contract is after relevant documentation has been received by the attorney. It will solely depend on the mode of sale before deciding on how to write the contract. If the sale is through an auction, then the name of the purchaser and the asking price are kept open until after the auction when the buyer and price are known. If by private sale the contract is prepared with price and buyer to have already negotiated and agreed thus the details are included in the contract.

Planning permission

Houses built as from 1st October 1964 must have a planning permission before sale. The planning permission involves: The architect certificate objectively stating that the planning regulations aware followed during the building stage. If there have been any upgrades to the property, there needs to be a similar approval. The planning documents have to be ready for the sale to ensure that a potential buyer does not withdraw from the sale at later stages due to lack of this documentation

When selling, a family home

When it is only one of the spouse’s name on the contract, you will need the signature of the other one to show approval by signature of the sale. When both spouse’s names are on the contract, then it is simpler as their signatures are a requirement anyway. As a requirement, you will have to produce a marriage certificate as per the state.

Signing contracts and closing

gghghghwqwqwFirst, your solicitor should send the contract and deeds to the buyer’s solicitor for viewing. The buyer’s attorney will further search the validity of the documentation. He may also advise the client to amend fundamental issues in the contract of sale. After the contract has been okayed by both parties, then the buyer is required to sign and pay the deposit. The signed contract is returned to the vendor for his/her signature. Then it’s duplicated for both parties to have a copy.…