Looking for motivated sellers

What do I mean by motivated sellers? Motivated sellers are actually property owner who are in urgently needs to dispose their property. This is due to economic circumstances that the owners are facing or any other desire to abandon their ownership. The most common reason for a home owner rushing to sell of their property are due to urgency need of cash, divorce, unemployed, can’t meet payment, and so on.

Thus buyers are often able to purchase the property at a reduced price. For example, if the market prices of the home are Rm500, 000 motivated sellers may consider accept an offer of Rm420, 000 from you. You can easily get 16% to 25% below market value by simply negotiate on the terms that you can offer for the motivated sellers.

The first step is to advertise in local newspaper, magazine or through the world wide web. Although this type of marketing is costly however it could really help you to look for motivated sellers. Make sure you highlight the benefit to the sellers such as a quick, hassle-free sale or perhaps immediate 10% to 20% cash for the sellers. You can just sit at your home waiting for a seller to phone you and to negotiate on the terms.

Secondly are through mail campaign by consistently mail to these landlords. Look for absentee owner around your neighborhood areas by looking for vacant houses. Nevertheless you can try to get a list of absentee name from local tax assessor’s site or any other services that you can subscribe. The reason for targeting absentee owners are because they are have migrated or mainly lived in other state. The landlords have no time to manage their property and want to be hassle-free from their “landlord business”. Thus this is where you can get a good deal from motivated sellers.

Third one are improve your networking through your friends, colleague and family members. Talk to them and get them to know that you are looking for a home. From this you may get to know their neighborhood, relatives or perhaps friends who are actually in rush to sell off their property. Therefore you may get your chance of getting good deal over here. Remember you just have to go out from your house and talk them. Furthermore this could ease you in the process as you are being suggested by them which could improve your credibility to the landlords.

These are just few common ways to look for a motivated seller. Therefore if you are interested to look for motivated sellers, thus explore more ideas and option available through the world wide web or perhaps look for people who are expert in this field to guide you on this.

How to determine property value?

As most of the times, especially for new investors who fail to consider real value of a property would deter them from making the best deal that are available in the market or making out the best return out of it. Investors who fail to consider the right factor will lead them to low investment performance which will end up limiting the wealth they could earn. Thus this is why it’s imperative for every investor to accurately determine the value of the real estate property. This article can be addressed to new or experience investors no matter it purpose is to serve as a learning guide or a reminder to oneself. Here I’ll be listing several aspects which can help you in pinpointing the exact value of your property and of course there are still many factors outside which will help you to get a good idea of the value of the property you are selling.

Comparable prices

First of all this is the most popular method that are taken up by majority investors in establishing property value. This method comprises of comparison with the recent sale prices of the similar property that you are going to sell within the same area. Bear in mind that additional facility that you have in your property such as swimming pool, garage, and so on will give you a slight increase in your property value and thus remember to add these figures up. Thus your property is readily to sell to the public once you know your property value and set up the right selling price for your property.

Location

This would be one of the important aspects running in the mind of buyer especially in deciding location of the property that will ease them with their daily routine and as an opportunity which will serve as a good investment for them now. Thus location of your property will have an effect on your property price although you may think sometimes think that why you can’t set the same selling price of your property with other properties that are comparable in size, quality and feature. For an example if your property a rural area or perhaps nearby with highway thus this will lead to lowering value of your property.

Size

Normally, the value of your property also being determine on the basis of square footage. Generally if your property having larger square feet, let assumes to be 800 square feet as compare with other property in the same area which only 750 square feet and with similar selling prices, buyer would definitely pick the one with additional footage. Thus, if your property having more spaces this would definitely put your property in a favorable position as compare with others during the selling process. Therefore remember to evaluate the square footage of your property as one of your aspects in determining the pricing value of your property.

Therefore by understanding the important aspect it will help you in determining the right value of your property.

Why is Property Management essential?

Property management is actually a process of managing property in terms of residential, commercial or even industrial real estate of owner by another party. Property management may involve collecting rental, maintaining the property, up keeping of the ground as well as repair and corrective maintenance of the properties. Owner in return pays them some percentage of the rent that is collected every month for the service rendered.

For an owner himself who have a multiple property and are busy with their daily routine, this is where property management services come in handy for the respective owner. Nevertheless do consider their reputation and services of the respective property management company before hiring the company. Therefore there are many reasons why it is that essential to have a proper property management and what property management services can provide for the owner. Listed below are some of the benefit of property management can provide to you as a property owner.


Click on the link below to read more: http://www.propertynet.my/working-with-agents/item/80-why-is-property-management-essential

Gapurna wants to grow further design-build-lease business

It is said that, more customized commercial buildings for multinational corporations on design-build-lease deals in the Klang Valley by Gapurna Sdn Bhd. Kuala Lumpur had competitive advantages for MNCs, “Our property prices are still relatively low, we have a strong and capable workforce and good infrastructure” said by Director Imran Salim.

Opportunities for Kuala Lumpur to become a regional hub for a lot of MNCs can be seen said by Imran. Agreement to build and lease the building has a gross development value of RM250mil located near Scope International’s present premises in Technology Park Malaysia, Bukit Jalil. Added , ”nine-storey building has an area of 450,000 sq ft and will be leased to Scope International for 14 years” to be completed in 12 months.

Gapurna group managing director Datuk Mohamad Salim Fateh Din highlighted the company at the same time are also completing 38-storey building with a GDV of RM1.1bil at 348 Sentral in KL Sentral that would be leased to oil giant Shell for 15 years. He also added that the company worked with clients on the design and customization of the buildings. “Clients have different needs and requirements for aspects such as safety in their business operations,”and that there were plans for five custom-built office towers on the 40-acre plot located behind Hilton Petaling Jaya Hotel.

Furthermore Gapurna aim to set up a real estate investment trust (REIT) for its buildings, “We are looking into many different opportunities about how we want to park our asset base. This is a natural progression for property developers who have long-term income from their buildings. “They will package or park it into a REIT and we are studying this move,” added by Imran.