Market Conditions

The market is constantly changing. This is the reason why a lot of people take advantage of the real estate market when the properties are being sold low. This is because when the market picks up again, you can sell it at a higher price, generating profit. When the economy changes in a certain location, such as when a factory closes down, the prices of houses in this area goes down. When the economy of an area picks up, the interest charges will probably decrease and the demand for properties increase.

Seasonal demand

According to tradition, it is best to sell a property during the start of the year. But these factors usually change depending on the area. If the location is known for an influx of investors all year round, then property is constantly in demand. In places where there are only a limited number of houses being sold, the prices are generally high as compared to having more houses on the market. Seek the advice of a real estate agent who is familiar with the area and the trends affecting it.

Ask Yourself...

The sale of a property is a big transaction. Think over the potential buyers and assess the situation. Never ever sell it impulsively. Always do your homework on the value of your property and other similar properties in the area. When you feel pressured to sell, it is more likely that the offer will be low. Check the economy and the market for the trends in the real estate. It is very tempting to sell your property fast especially if you need the money to make a down payment on the property that you like. But, unless you are really sure of your decision to sell, do not sell. Whenever you are in doubt about something, the best decision is not to do it or regret it later.

Billy Chen
billy@billychen71.com
Tel: (+65) 88689999
Fax: (+65) 64021826

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