26 Mar '18, 7am

New Condo Vs Resale Condo: Which Makes A Better Investment Property?…

Establishing a Strong Starting Point in a Property Negotiation In last week’s column, I discussed five prices to consider when pricing a home to sell . The outcome of that exercise was the listing price . The listing price , also known as the asking price, is the price at which an agent puts a home on the market. As we know from last week’s column, the listing price is not the value of the home. Instead, it is a marketing price point based on the judgment of the seller and a real estate agent . Since marketing and negotiating considerations went into the listing price , as a buyer, you should not blindly accept the listing price as the starting point of the negotiation. Instead, you want to establish your own starting point, which we call the offer price. In order to determine the offer price, you should consider the following five prices from your perspective: Listing pri...

Full article: https://www.srx.com.sg/ask-home-prof/11982/5-prices-to-co...

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