Tuesday, June 7, 2011

How Do You Know Which Property Is Good To Buy ?

There is an article today in The Star about tips of buying property http://www.starproperty.my/PropertyScene/PropertyScene/12449/0/0

I have been asking this question myself when I start investing in property, who can advice me whether I a particular property is good buy or not? I am not good in negotiation, who can help to me to negotiate for better price?

In Malaysia, most of the people will ask their friends and family opinion for buying property. But are they asking the right person? Property investing is a "knowledge" by itself. Most of the people only have experience buying one or two properties in their life, these limited experience is equal to fresh graduate experience in working life.

How about Property Agent ? Yes, no doubt property agent is the real expert in this area. They buy and sell property everyday. However please do not forget property agent survive based on commission. Who pay them the commission then? The Seller. So how can you ensure the advice from the agent is not bias towards Seller?

With the advance in technology, people start turn to Internet for advice. They go to property forum, blog, newspaper and etc. Some post their questions there and hope some guru will guide them from there.

In nutshell, most of the people try to learn to be property investor themselves. They pay the price to learn the the property investment skill themselves. They buy, they sell, they may mistake, they learn, they profit and on going...

Why there isn't any property consultant in the market, that can advice you which property to buy, when to sell, how much to pay, which loan to take and etc. Why we need to waste the time and learn it, and worse we may make wrong decision during the learning?



1 comment:

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