malaysia

Once upon a time, 2 master developers came together and signed a joint venture (JV). Together, they formed a beautiful plot of land. It was a flat and barren land void of hills, forests, and squatters. They saw that it was good and they were pleased. They called it Mr House. Oil Palm Land in Malaysia The master developers nurtured the land, laid the foundations, and began to build Mr House. The...

A career in real estate is often thought of as a business. As a real estate negotiator, you're self-employed. You're no longer an employee in a 9 to 5 job. You do not have a boss looking over your shoulders and barking orders down your neck. You've to do everything by yourself as a self-employed. You're in charge of your own real estate business. Your income correlates with the amount of effort...

In real estate, there are 2 main categories of products - primary market products (undercon or projects) and secondary market products (subsale). Undercon means a purchaser is purchasing a property directly from a developer. Subsale means the second purchaser is purchasing the property from the first owner and so forth. As a realtor, you can choose to work with the vendor of the subsale...

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 control of the market and negotiations by asking higher prices. Then, what is a buyer's...

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.  Exclusivity Inasmuch as vendors and landlords are advised to practice exclusivity; purchasers and tenants too are...

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 educate the public about...

(adsbygoogle = window.adsbygoogle || ).push({}); 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 a purchaser or prospect...

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" also applies the same in the real...

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. The standard "waiting period" is 3 months. The bank will disburse the balance of the purchase price to the vendor - Mr Chan. In this case,...

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 agreeing to purchase the property from the vendor. The standard practice is...