Best Advice to Buy an Affordable Property in Singapore

If you are in the market to purchase property in Singapore in the near future, you may be actively listening to real estate market news and paying attention to market conditions so that make an informed decision about your purchase. You may have also made a list of the features that you are looking for in your new property and prepared a budget so that you do not buy a house that is too expensive for you to manage with your financial situation. While these are all important steps to take as you prepare to buy a new property in Singapore, you may also consider paying attention to this helpful advice.

Research HDB Requirements

The Singapore government has recognized that real estate in the area can be too expensive for some, and it has some subsidized housing options available for qualified individuals. HDB in Singapore is available in many desirable areas, and these are affordable housing solutions. A smart idea for those who are looking for an affordable housing solution is to research the HDB requirements early in the house hunting process. If you qualify for this type of housing, you may be able to save a lot of money.

Review Foreclosures

Another option is to review the foreclosures in Singapore. There are always foreclosures available, but market conditions have resulted in a greater number of options in recent months. These are homes that lenders have taken back from previous owners, and they are typically listed on the market for sale at prices that are below market rates. If you can find the right property in the list of foreclosure listings available, you may be able to get a great deal on a wonderful property.

Look for Motivated Sellers

You can find attractive deals through foreclosure listings and HDB listings. However, these are not the only great deals available in the Singapore market. Some sellers are highly motivated to sell their properties. They may be struggling to make their payments, facing foreclosure or dealing with personal issues that make it highly desirable to sell quickly. Some of these sellers may be willing to negotiate with you on the sales price, pay for some of your closing costs or make other concessions to motivate you to buy their property. Your real estate agent may help you to identify which sellers are most motivated and willing to make a deal with you.

Singapore is a market that is well-known for having high-priced real estate, and the cost of real estate may be far too expensive for some buyers to consider making a purchase. However, as you can see, there are several great ways that you may be able to get a wonderful deal on a great property in Singapore. You may need to do some research and work with a real estate agent to uncover these deals, but your effort in these areas may be well-rewarded when you purchase a beautiful home at a reasonable price.

A Simple Guide to Buying Property in Malaysia

Buying property in Malaysia can be both beneficial and confusing at the same time. However with careful planning and evaluation, individuals who choose to purchase property in the country will have an easier time getting what they are looking for. During the process of buying property it is important to know things such as legal implications, the property purchase process as well as the financial obligations you will need to meet when owning a property in Malaysia (ask StarProperty). By keeping these things in mind, individuals who buy property in Malaysia will greatly benefit.

The first thing to consider when buying a house, building or land in Malaysia is the legal implications. It is important to understand how the laws in Malaysia effect property owners and those looking to buy a property in this country. When it comes purchasing property in Malaysia, an individual can purchase a minimum of $76,000 US dollars in property. Individuals can purchase either two condos or one condo that has two stories or lands/bungalows. As well as the value of type of property that can be purchased, buyers must also use a real estate lawyer to complete the transaction.

Impiana-Nusajaya-Resort-Apartments-edited-for-onlineWhen looking to purchase property in Malaysia, buyers must be know the process of buying a property in the country. The first thing you will need to do when purchasing property in Malaysia is to hire a lawyer who specializes in real estate. After a buyer chooses the property they want to buy, they will need to sign a Letter of Offer/Acceptance and then make a deposit of 3%.

After this step, the buyer must make another 7% deposit after 14 days of signing the Sale and Purchase Agreement. Then the buyer will need to pay the full amount of the purchase price within three months. Once this is done, then the Sale and Purchase agreement needs to be submitted to the Stamp Office. This organization will then examine the property and make sure that the property is in good condition and that the value of the property is accurate. The Stamp Duty must be paid and then it is registered at the Land Office Registry.

It is important to make sure that the property is in good condition and that it is valued accurately. By ensuring these two things, you will be certain that you are not getting ripped off and that you can successfully complete the purchase. It is also important to make sure that you use the services of a reputable real estate lawyer who will guide you through the process as well. Following these tips and knowing the legal and purchase process will help make purchasing property in Malaysia a smooth transition.

 

 

5 Questions to Ask Yourself Before Buying a Home in Malaysia

Malaysia real estate is booming. But when you buy a home in this country, you are not only purchasing a shelter; you are also buying a lifestyle and a neighborhood in the vicinity. You are also buying into the schools, entertainment venues, recreational facilities, emergency facilities and other elements that make up a good community. Therefore, it is important that you start ranking your preferences in an order that is of importance to you.

How to find a best place to live in Malaysia? First, begin to research the variety of available homes that meet your needs (you can visit the Top Real Estate Malaysia Portal). Drive around that neighborhood and see if it appeals to you. If you are in contact with a broker, you will have the opportunity to walk through homes that are up for sale. Features that mark the theme of the neighborhood will stand out in your potential home and you will begin to understand what type of home you are buying. Next, discuss the neighborhood with your agent. Narrow down your choices to less than 5 homes. This will help you to better focus on these homes and work toward finding the best one.

Because purchasing a home is a personal decision, there are a few key factors like explained below to consider before you start your home search.

1. Do you want to buy a home surrounded by lots of lands or one in a city? Depending on the population density, your future home will have certain price and land surrounding it. Schools, parks and cultural life are other issues of concern to potential homeowners.

2. Do you want to live near new businesses that attract high population growth or near natural elements like forests, lake, ponds or oceans? It all depends on your favorite setting so keep in mind as you explore the homes.

3. What are your family educational needs five or ten years from now? Consider the proximity to elementary, high-schools and colleges when moving into a neighborhood.

4. What kind of entertainment keeps you alive? Create a list of recreation spots that you enjoy the most, such as parks, movie theaters, sports arenas and bike trails within walking distance from your future home.

5. What is your neighborhood choice? Note that moving into a family friendly neighborhood will go a long way toward creating a life you always envisioned.

These factors will help you take proactive approach during your home search in Malaysia.

 

Buying A Home In 7 Easy Steps

Tips on What to Look out For at Property Fairs

Property fairs can be an excellent way for savvy investors and homeowners to find ideal properties. However, just because there is property for sale doesn’t mean that it will automatically be a good deal.

Whether looking for land in the United States or local real estate in Malaysia, it pays to know what one is getting into before getting into it. Here are some tips on what to look out for at one’s next property fair.

Avoid Open Adjacent Plots 
In general, it is a good idea to stay away from open plots located next to any properties or plots of land one is interested in. This is because one never truly knows what will be developed on the plot in the future, and until it is there, promises can always turn out empty.

Many investors and homeowners are told that the surrounding land will be turned into homes, only to find that commercial buildings and industrial sites are erected months later. And once one buys a home, one will not want to move from there, so it is best to know one’s neighbors in advance.

 
Steer Clear of Commercial Buildings 
Similarly to the first point, it is essential to keep away from commercial buildings when scoping out property fairs unless one does not have any other choice. This includes obvious things like businesses and company or industrial sites.

However, sites such as churches or other houses of worship and schools and community centers can also cause trouble, simply because they are likely to face traffic and increase congestion due to the large numbers of people who are likely to frequent them.

Of course, if one plans on attending a particular house of worship or sending one’s children to a particular school, these drawbacks might turn out to be benefits. However, they should be kept in mind.

Lotus Temple Delhi
Lotus Temple Delhi

 

Look Out for Landslides and Floods 
Finally, keep an eye out for flood zones and sloped land close to large bodies of water, such as rivers and lakes. Flood zones are not always easy to identify and there are many land and real estate developers who will not mention the potential dangers simply because they are more interested in making the sale than in keeping the buyer informed and secure.

 

Conclusion 
In conclusion, even though it can be a challenge to find a good plot of land or property in general at a property fair, that doesn’t mean it isn’t possible to do so. There is good land out there and there are good homes just waiting to be bought. It’s just a good idea to do one’s due diligence first, in order to make sure that an investment doesn’t turn out to be a fool’s bargain.

Recommended Reading: 6 Reasons Rural Properties Are A Better Investment Today

 

How to buy overseas Property

There are many people who would love to purchase as property overseas. Especially places they love visiting like Italy or Paris. They consider buying a property in these areas as a holiday home. This way they conveniently have somewhere to stay without having to stay in an expensive hotel. They could rent out the place while they are not occupying it in order to pay for the costs.

There is one person who chose to purchase a place in Italy with a group of her friends. She wants to know what the costs is when it comes to taxes and the disadvantages of purchasing a home with friends would be. She found a place in Bagnone. The price of the property she wants to purchase with her friends will cost about $133,000. The only problem is that it needs renovation. She can actually get advice online. There are specific websites she can refer to for help.

It is required of her to add 15 percent at least to cover the costs in purchasing the property. Since she plan to make money on the property, then it is required of her and her friends to figure out the share each of them will be getting by annual tax returns that will be done in Australia. There is no income tax requirement in Italy, but there is a tax treaty in Australia. She will be able to claim similar deductions like owning a property in Australia. This will also include interests and other expenses when it comes to borrowing a property.

You need to keep in mind that you will not get money from renovating the place, but you will get money when it comes to repairs and maintenance to the property. For example, if there is minor repair needed for the wall, then you can get from that. You can not get money if you decide to replace the whole wall.

The second thing you need to know is that you can only get deduction for the time the place is available for tenants. So if you and your friends decide to rent the property for 12 weeks, you can still claim pro rate expenses for the rest of the 40 weeks. That is if the property is advertised and available at the time is the only way for that to be possible.

When it comes to shared property it is a good idea to make sure everything is taken care of legally to avoid to any complications or problems. You want to make sure that your friendship will not jeopardize during this process. There is an international lawyer name Michael Bula in Melbourne that insists on shareholder agreement. It will explain the value share and exit strategy. This is when a member either dies or divorces or they wish to involve another shareholder. This way it can avoid any conflicts that might come across between the shareholders that are involved.

This basically what you need to expect when it deals with buying overseas property. There are things you have to consider, especially when it comes to sharing a property with some other people and the profit that you will be able to get from it when it comes to renting the place. Browse around this site to learn the Most Common Property Investment Mistakes.

 

Watch Why Real Estate Investing is Better than Gold – Investors Workshops

How to Find a Property in Johor, Malaysia

Lately, there have been a lot of property development projects taking place in Johor, Malaysia. Many of us are also looking at the potentials of working and living in this state, but there are also a lot of stories about how the property prices soared due to investment from those who works in Singapore but resides in Johor. However, there is no need to worry because there are still a lot of properties available in Johor, both for sale and for rent which you can see from the listings in the HomeGuru property portal.

When you search for a property for sale or for rent using HomeGuru, a Malaysia property portal, you will be able to get an idea how the property looks like because the listings includes photographs of the properties. There will also be information such as the type of property, the area, and the contact information of the agent or seller, together with the asking price of the property, build-up area and also price per square feet of the property. It then becomes an easy comparison for you as a buyer, to see how you evaluate the value of the property which you are looking for.

HomeGuru’s Malaysia properties listing in Johor can be searched by areas, price and other search criteria which will meet your needs. The HomeGuru search option allows you to narrow down your search where you can define the number of bedrooms of your new, prospective home. The search option is very convenient and easy to use, so there is no need for you to waste time analysing the search results and refining your list.

Once you have found all the information that you may need from the database, you may then proceed to call the agents. Sometimes, it may be one agent who may have several properties to show you, and you can easily arrange for the same agent to bring you for house viewing for a few hours or a full day. Keep up at it, until you find the property that you want.

How else can you take advantage of HomeGuru in your search for property in Johor? If you are at a loss over the numerous selection of homes within the area of your search, you may wish to look for the advice of some area experts. You may then go to the “Find Agent” section, where you can search for an Area Specialist who will be able to advise you on the details of the area you are looking for. Do you have a question about the average price of the property in your area? Is it affected by flood or traffic jam? Are there any schools nearby? What are the facilities available in the area?

All these questions can be forwarded to the area experts and they will be able to answer them for you as much as their knowledge can help. If you are looking for luxury properties, you may even seek the assistance of luxury specialists who specialise in the sale and rent of luxurious apartments, condos and homes. They will be able to advice you on the types of facilities and which will suit your luxury home needs.

You can also find listings of new homes available in Johor in the HomeGuru website. There is no discrimination of the development projects, so you may choose the property and projects without having to worry about too much advertising gigs from advertisements. It will only give some direct information such as the developer, description about the property, photographs and other relevant information about the project. Updates by the developer are also available as it is important to help the buyer with his buying decision.

HomeGuru is highly recommended as a source to look for properties in Johor. Whether you are looking for a property for sale or for rent in Johor, you will be able to get some insight about the area and the properties price average for that wise purchasing decision. Learn some tips in finding an apartment for rent here.