In this economy, we’re being told that it’s currently a “buyer’s market” and not a “seller’s market”. What is a seller’s market? A seller’s market is when demand exceeds supply. There is great demand for homes but very few houses in the market that are available for sale. Vendors and landlords are very much in… Read More BUYER’S MARKET
This is a public service announcement to all purchasers and tenants from realtors. We hope to create synergy with our clients and save time in the process. While we realtors provide our own service, purchasers and tenants too have a responsibility to provide their own service.
This is a public service announcement to all vendors and landlords from realtors. We hope to create synergy with our clients and defuse the amount of “fake news” in the real estate industry. Cooperation with the realtor doesn’t stop at the handover of the property, it stops after that. While we realtors provide our own version… Read More PSA: VENDORS & LANDLORDS
Realtors are commonly known as “open door & close door salesmen.” The public’s perception is that our job solely entails opening and closing doors for viewings. They already have preconceived notions about realtors thereby the creation of unrealistic expectations. Hence, this article sets forth to address the common misconceptions about realtors. This article attempts to… Read More MISCONCEPTIONS ABOUT REALTORS
The deal about real estate is matching a prospect and a purchaser with a property. It is a matchmaking business. We pair the right buyers and sellers together, and the right landlords and tenants together. Sometimes, a mismatch happens to begin with. We’ve a property or listing but no purchaser. On the other hand, we’ve… Read More CO-BROKE & CO-AGENCY
In real estate, there are 2 categories of real estate agents/negotiators. Generalist Specialist
Property investment goes by the mantra “location, location, location.” Investing in the right location has the potential to yield significant returns. The location has to have sufficient amenities in the vicinity to support the population and have a potential for continuous growth. It is never truer for real estate agents. The mantra “location, location, location”… Read More LOCATION LOCATION LOCATION
Vacant Possession Now that both Mr & Mrs Tan and Mr Chan have signed the Sales & Purchase Agreement, they’ve to wait for the loan to be disbursed. Once the loan has been disbursed then only the purchasers can take vacant possession (VP) of the property.
Soliciting Sales & Purchase Agreement After the loan has been approved, the next step for Mr & Mrs Tan is the Sales & Purchase Agreement (SPA). It is a legal document outlining the terms and conditions whereby Mr Chan (vendor) has agreed to sell the property to Mr & Mrs Tan (purchasers), and the purchasers… Read More CLOSING DEAL (PART 3): LA SPA
Required Documents for Home Loans The loan purchaser is divided into 2 categories: Employer (Er) and Employee (Ee). Then the Ee is further sub-divided into salaried employee and commission earner. Cash purchaser Loan purchaser or Mortgagor Employer Employee Salaried employee Commission earner For loan purchasers, the standard documents that banks generally require are: Copy of… Read More HOME LOAN 101.2