Plastic3
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Congrats!Have you tried going to CASE?The median COV for 5-rooms in Sengkang in the first quarter of 2010 is $30,000. Since yours is a top floor, corner unit plus near to mall...it is not unreasonable to pay more than the average.I can market and sell your property for you if you are interestedRental rates there are relatively unchanged about $3000-$3500.Hope things workout well for you.I'm also in Street 11, moved here 10-years ago, nice area...easy accessibility to MRT, Northpoint, Chong Pang Market....welcome!Renovation prior to renting out cannot claim. After renting out, can claim renovation costs only for restoring to original condition.Tenant pays for the stamp dutyAgree with seek_a_homeFrom what I know, one party can buy over the other party's share as long as both are agreeable, either by: i] paying for the other party's contribution ii] or they can also do a valuation for the property, and decide on the amount to be paid to the other party based on current market price One of my client's husband bought over her share (paid for her contribution) For more information best to check with HDB branch office.Relationship plays a part yes, but for full-time Agents...most clients are referred strangers only a minority are friends or relatives, so there's no relationship to speak of, building relationships takes time sometimes there isn't enough time to establish a bond or rapport with strangers....so the cost factor comes into play... anyway, its part of being an Agent....there are pros & cons....Its quite okay to fetch clients from where they are, especially expats...since they may not be familiar with the directions.....I feel this is part of service...Yup, I have a lot of cases like that for estella83 situation should be okay, assuming her contacts do not know other agents and not bothered to find lodging themselves....of course have to burn weekends since have a day job....Not wild at all, many agents are also business owners, or doing something alongside real estate..... Downside? none....apart from the fees for exam......Are you an Agent?Agreed, I believe the board should improve the professionalism of the industry and hopefully have some standardization across the numerous agencies, so the general public won't have to face different practices by different agencies.Bank loan need to pay 5% downpaymentYes, have to buy within our means...real estate is more suitable for investors with holding power...You can keep minimum $25,000 of your sales proceeds.woah....thanks for the heads upCouncil of Estate Agencies (CEA) to be setup to regulate Real Estate Industry Among the measures to be introduced: - Tighter licensing conditions for estate agencies and their agents - Code of ethics and professional conduct for estate agents - Discipline and dispute resolution mechanism - Public education PUBLIC REGISTRY OF AGENTS - Estate agents need to pass a mandatory industry examination - Undertake mandatory continuing professional development of six hours a year - Public registry of real estate agencies and agents will be set up to provide a comprehensive listing of all licensed agencies and registered agents to allow consumers to check on the particular agency or agent they are engaging "Regulations on Conduct of Real Estate Agency Work Agencies and agents will be required to comply with new regulations on the conduct of real estate agency work. These include a code of ethics and professional conduct for estate agents, standard prescribed estate agency agreements for sale and leasing transactions and other measures aimed at avoiding a conflict of interest, such as the dual representation of both the buying and selling parties. MND will engage the industry and CASE over the next few months to work out the details of these measures." SOURCE: http://www.mnd.gov.sg/newsroom/newsrelease...ews06052010.htmUpon handover or move-in Yes you can engage more than 1 agent, but since you have no time to handle calls probably better to just engage 1 or 2 since the agents will also be calling you alot to arrange viewing... Better to have simple furnishingIn the new framework introduced by the MND: Agents will not be allowed to represent both the seller and buyer in the same transaction