Sell property in Singapore successfully

As a seller one needs to know the benefits of leasing a property over selling it. Selling a property would mean paying a good amount of commission for the sale or sales commission. This is exempted while leasing property. One need not have an agent for leasing which is a must while selling. This will save the seller almost seven percent of the property value, if the property is dilapidated, that’s the only amount a seller may see entirely from the property. Like everywhere else, leasing a property is also a good investment in Singapore. The inflow of foreigners and the improvement in economy has contributed immensely to make this is profitable investment.
  
The agent is dispensable and this saves quite a lot of money for the seller. The buyer holds the option to buy and hence may not need to move after the payment is done. One can offer his options to his tenants as they tend to be attached to the property and takes good care of the property. They also have a longer relationship with the seller and hence make timely payment. They readily take up the renovation cost. If you are interested in making the property sale and purchase deals successfully in Singapore, it is better if you take the help of some property agent. Some of the property agents are really good at what they do. These people are able to help you in getting hold of good investment opportunities in Singapore.
  
The other benefit would be getting a better market value than selling. The market value of the property while selling is based on ‘today’s worth’ whereas it’s the expected appraisal value that is asked for, in a leased property. This is very profitable in case of short term lease options. When asking for a lease, the seller can ask up to fifteen percent more than the present value of the property, forecasting the future inflation in property prices. As a seller, one can allow extension right for certain period of time in the deal. This means after the deal tenure is over and the buyer can extend the duration with a hiked price in the compensation given previously. This improves the property value and the rent for lease also.

MINDY YONG

( +65 ) 91002985

Fax: (+65) 64021826

mindy@mindyyong.com