Reason 75 - Your Real Estate Agent Helps You Make Good Profit in Your Purchases

While your main objective as a property buyer is to get the most value for money, a good real estate agent can help you increase the profitability of the purchase by leading you to a positive, goodwill-building partnership with your broker.

A broker playing an active partner with your real estate agent is an important element to your making a successful, more often profitable real estate purchase. Being an partner in the field, the agent and the broker can actually revise property tax roll. This might have the most complicated part of their work, but experience in recent years proved they can a lot better together in your favor.

Together with your trusted agent, you should know the “language” of the industry. Aside from showing you how to navigate in the documentation fields, he is also in the best position to provide you important details such as tax rolls, assessment lists and other factors you need to consider in the run up to buying a property.

Determining the age of a historic building (for instance), finding out the chain of ownerships of the property, and looking into the activities around and near the property you are targeting are important steps you should take into serious consideration. Although agents know the significance of these facts, you should personally examine the feasibility and the complexity of the property as well.

Records of tax rolls are readily available in the courthouses. Together with your “wise” agent, you can find and check the records easily from the appropriate government offices. Comprehensive investigation on the background of the property must be done first. This already includes the legal description of the parcel, the historical construction of the building, or the validity of legal documents or permits. Getting to know the complete construction and ownership history of a prospective property is one of the critical processes will add to your advantage.

It is equally important too, that your agent can provide you with the names of the persons who owned the buildings and the amount of tax payments they had paid for in previous years. Through this you will know whether the property is one of good standing. The information of the tax rolls of the property will provide you a clearer idea who is the legal owner of the building, in case it faces some ownership issues. Investigation and ownership background checks will be able to clear some doubts and resolve suspicions.

Buy, Sell, Rent, Invest, In Singapore

Mindy Yong 杨雯诗

CEA Registration Number : R021232Z

Tel: (+65) 91002985
Fax: (+65) 64021826

mindy@mindyyong.com

KF Property Network Pte Ltd
CEA Licence Number : L3008430D