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FOR FIRST-TIME LANDLORDS
|Condos/Houses of interest to
Expats in 1998
Brand new Condos/Houses
Too many new units
|Expatriates looking for 2 or 3-bedroom apartments in UE Square or condos mentioned below, PLEASE CONTACT Agent David firstname.lastname@example.org, tel: 9668 6468.|
|This report tips first-time Landlords of who
their competitors are and Buyers & Sellers
of the 1998 newer condos
which appeal to expatriates in 1998.
|January 20, 1998 4 a.m.
To: First-time Landlords & Buyers & Sellers
From: Anne Brocklebank
My agency thanks many Owners who take so much trouble to list their properties for rent/sale with us. We apologise for disappointing many because there are just too many units.
Tips to first-time Landlords
You need to learn to trust your realtor; after a while you will find that your wife (home-maker?) loses her zest in showing your apartment at odd times and appoints an Agent. There will be some agents hanging around your new condo.
Sometimes, it is the husband but usually the home-maker is the wife! What happens is that the home-maker will ask the Realtor to go to the home to get the keys and return them on the same day.
With so many Owners units available and a tight schedule of viewings of 15 or more apartments/day, if the realtor really has clients, the offer of getting the keys or co-broking is usually not accepted.
The following new developments in 1997/98 are mainly Condominiums and are your competitors for the expatriates. There are more older units which now offer much cheaper rentals and if you are stick to your fixed rental target, you can be sure that there are others who will not "maintain" the expected rental value of the condominium as they have to pay their bank loans and have other family expenses to worry about. If you are inflexible, the realtors who really have the expatraite clients will just pass you by because there are just too many Owners who are accommodating and decisive.
many International Schools
first-time Buyers & Sellers
Bona-fide Sellers should pay for an official valuation report from reputed Valuers and sell below valuation to attract Buyers. Sellers may rent their apartments but if they judge that they can buy back at $100,000 cheaper in a years time, then cut loss now and recover later. Investment properties in good locations will appreciate in 5 years time but you may be bankrupt by then. It will be better to cut losses.
For more Information :
Dr Sing Kong Yuen
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