Category: How to invest (6)

Price negotiation

购物时还价或杀价几乎是许多人购物的定律,无论价格的高低,多数人总是习惯与商家来回议价,即使是微小数字,也能从中获得一些杀价的乐趣。

 

买房子的金额高达数十万至上百万令吉,似乎更要用力杀价,毕竟一个回合下来少则可省1万,多则5万,何乐而不为,到菜市场购买青菜都希望多要一根洋葱,购买房子怎么可能不杀价呢?

 

基本上多数人都会这样想,但是这样的想法,是不是一个所谓的不变“定律”?

 

回归到杀价的源头,主要是因为你想购买,然后是想用比较少一点的钱买到手,达到“物超所值”的目的;所以应该要把你是不是真的很想要买下这个单位,当做前提来看待,再决定是否要杀价。

 

也就是说,如果是真的很想买,即便杀价不成,可能还是会买;如果没有那么想买,那就会杀多一点价,产生价格诱因,引发实际购买行动。

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第1招:房产要买对

买房子,不光是便宜就好,得买对地方及对的产品,自然有升值空间。

有人把买房选屋当成一辈子的事,亦步亦趋走得小心谨慎,生怕买贵屋、置错产,但MCT集团执行董事吴明权指出,只要买到对的房产,纵使经济不景气,房屋就算跌价,料幅度也不大。

“假设经济果真疲软,这种情形下银行会不会倒?你若还是保守,不敢投资不敢借钱,一味把钱存进银行不是更有风险?我们应该改变心态、做好心理准备泡沫出现时如何应对,而非不投资。”

他说,买对房产包括买对地点、对的产品、入住率稳定,且价格合理;稳定的入住率代表有需求,这样即使经济情况恶化,需求还是在。

“屋子是人生最贵的资产,要理性的买,不要贪小便宜乱乱买;对的房产在经济不景时跌幅也不会很大,反之若买错房产,不只租不出连卖都有困难。”

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Mutual Fund is a broad term which can be further classified into many different types of investments. See this video to get a closer look on how Mutual Fund works.

 

mortgage_application

Most important step in purchasing the property is apply the loan from any of the financial institute in the country, it is the responsible for the buyer to know and understand the procedure for the loan application. the following are some of the tips and required documentation that you need to be prepare when apply the loan in order for you to get your loan to be approved on the given time frame without any delay.

 

First, for a loan application, the applicants should prepare several necessary documents. The documents are:

1. Photocopy of identity card
2. Latest 3 months pay slip
3. Company registrations (for self employed)
4. 6 months bank statement (salary credited account)
5. 6 months company current account (self employed)
6. Latest EPF statement
7. Borang B with tax payment slip
8. Personal savings/ current account (latest 6 months) or fixed deposit
9. Tenancy Agreement if property is rented out

The applicants should not always be very confident with the load approval, since there are chances for the loan to be rejected by the bank. Besides that, there are also few things which should be considered by the buyer before purchasing a house. There are tips on how buyers can handle these situation. Among the tips are:

1. Do not get stressed and submit your application to all the banks if the loan is rejected. Find out the reason for the loan rejection and understand the criteria required by the banks to improve the loan approval chances. Please understand that, different banks have different approval criteria.

2. Don’t be over confident on the loan approval and check with the banks before paying deposit for your house.

3. If the buyer pays an extra 10% of your installment towards the principle of the loan, you will save a minimum of 4 years tenure.

Top property investment tips

– Two golden rules

Look for the potential upside, and always calculate the amount of risk involved in the investment

 

– Don’t believe the hype
Always refer to facts and figures and not the hype surrounding the property or your own hopes and emotions.

 

– Enter at the right price
When choosing the right property, nothing is as critical as the right entry price. Cross-check the property price against surrounding properties; if it is lower than its neighbours, you’re taking less of a risk and have the potential to make more profit.

 

– Popularity counts
Popularity needs consideration. The property has to be sizeable enough. Reasonably well-known areas and architect’s brand name give a strong publicity push. These are the properties which prices will escalate.

 

– Look for uncertain times
If the market isn’t good, there will be buying opportunities, and interest rates will have to stay low. Do your calculations don’t speculate and take advantage of the opportunities.

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8Simple-Rules

  1. 1-2 properties will not secure your future

    • – 1 or 2 properties will not be enough to secure your future – you need a “portfolio”
    • – “Portfolio” means a collection of investments held by an institution or a private individual
    • – Sometime in the distant future, you will have to pay off the remaining mortgages, therefore you need to get more properties than you intend to ultimately hold onto, so you can pay off any remaining debt and still have at least 3 “paid off” properties delivering you a steady rental income. Depending on your lifestyle, you may need many more properties than 4!
  2. Properties must be easy to hold

    • – The longer you hold onto a property, the luckier you become…
    • – Holding costs must be manageable and low risk or you may be forced to sell when you don’t want to
    • – Quality, new properties are usually easier to hold onto than older properties due to the additional tax depreciation benefits for new property, plus “gearing” tax benefits and higher rentals
    • – Wherever possible “buy time” before you have to settle and cash flow the property
  3. Get the right property for the right area

    • – Live where you like to live and invest where other people like to live
    • – People who live close to a commercial area (LAND) for convenience (TIME)
    • – People who live away from a commercial area (TIME) for space (LAND)
    • – Different areas appeal to different types of tenants Continue reading ..