2 Storey Terrace House, Kota Damansara, Petaling Jaya
Discover how easy it is to save time and money finding or selling the property you want. Whether you are looking at selling property, buying property or renting property we can help you always.
Mudah888 Property Help - Sell, Buy and Rent Property here - Mudah888 Property
How To Sell Your Property
Sell your property through Mudah888 property. Some sellers choose to market their properties privately to save on the estate agents’ commission but this solution has the following disadvantages:
(A) DETERMINE YOUR REQUIREMENTS
Whether you look for property online or through an estate agent, having a precise idea of your requirements will greatly assist in finding your dream home. The main criteria are:
1) BUDGET
Your initial budget is the amount of money you are prepared to spend to acquire your property.
Your budget should include:
i) Down payment: the proportion of the purchase price not covered by financing (banks will typically lend 80-90% of the purchase price)
ii) Legal fees: 1% for the first RM100,000, 0.5% for the next RM4,900,000
iii) Property stamp duty: 1% for the first RM100,000, 2% for the next RM400,000
iv) Loan agreement stamp duty: 0.5% of loan amount transfer
v) Disbursement fees include fees for registration of charge, land search and bankruptcy search (RM300–700 in Wilayah Persekutuan and Selangor)
vi) Processing fee: one-time fee charged by the financial institution for loan processing (RM50-1,000)
2) LOCATION
Location is critical to your decision so get to know the area properly before buying. You may consider renting for a few months before buying in a new area. The following considerations will affect your choice of location:
i) proximity and access to work
ii) proximity and access to schools
iii) amenities including shopping, leisure, religious facilities, parks
iv) safety
v) prestige
3) TYPE OF PROPERTY
The main distinction is between landed and non-landed property.
i) Landed properties include detached, semi-detached, and link houses.
ii)Non-landed include condominium units and flats.
iii)Freehold or leasehold property. Freehold properties tend to appreciate more and are easier to sell, but if you wish to stay in your property for many years you may prefer a leasehold property as you will be getting a better house for the same money.
4) PROPERTY SIZE
Make a checklist of your requirements:
i) land area
ii) built up area
iii) number of bedrooms
iv) number of bathrooms
v) reception rooms
vi) size of kitchen
(B) ARRANGING VIEWING
1) Look through property adverts. The main way of finding properties to view is to look through property advertisements either on the internet or the printed press, in particular, the Star Classifieds.
2) Drive around. Another way of finding properties to view is to drive through the area where you want to buy and look for any properties for sale as advertised by the estate agent’s board placed at the front of the property.
3) Arrange the viewings. Identify suitable properties and call the numbers featured on the advertisements. Tell the agent your requirements and find out whether the agent has any other properties on their books which may be suitable. Make sure you let the agent know your essential requirements so you don’t waste your time viewing unsuitable properties.
4) Do not rely on only one agent. If you rely on only one agent you will be unable to determine whether the properties on his book are fairly priced compared to other properties on the market.
5) Take notes. During viewings, write down the property details and your impressions of the properties. Take photos with a digital camera or mobile phone if the owner allows you to.
6) Arrange second viewings. Create a shortlist of suitable properties and arrange second viewings.Don’t hesitate to open windows, sliding doors, taps, etc to ascertain whether they are in good working order.
7) Do not make an offer until you have done all your final checks. Don’t feel shy about asking for a third or even fourth viewing before you make an offer on a property. If you are not comfortable, do not buy.
How To Rent Your Property
Rent your property through Mudah888 property. Some landlords choose to market their properties privately to save on the estate agents’ commission but this solution has the following disadvantages:
- it can be very time-consuming as you will have to do all the work yourself, including advertising and showing the property to prospective tenants
- it may take longer to rent your house as you are likely to get fewer viewings than by letting professionals market your property
- you may end up getting a lower rent as you are likely to get fewer viewings and therefore less interest in your property.
Renting furnished, part-furnished or unfurnished?
Most tenants will require at least a part-furnished place, ie including such items as kitchen cabinets and curtains as these are specific to a property and tenants are generally unwilling to incur costs when they will be unable to take the items with them when they leave.
Advantages of renting a place without furniture:
- no hassle of having to buy furniture
- no initial capital outlay
- many tenants prefer part-furnished accommodation as they already have or intend to buy their own furniture
- tenants are unlikely to look after furniture which does not belong to them, although the deposit can be kept back by the landlord in case of damage
Advantages of renting a place fully-furnished:
- tenants who are looking for fully-furnished accommodation will pay a premium for the convenience of renting a fully-furnished place
- good furniture will make your property look much better than if it is left unfurnished and could thus potentially be rented quicker and for a higher rent
