A 1,012 sq ft, three-room unit at the extravagance Skysuites @ Anson in District 2 will be offered available to be purchased by means of sale by Edmund Tie on April 28. A bank deal, the unit has a guide cost of $2.42 million ($2,391 psf).
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Selling Your Property to Raise Money for a New Home? What does it mean? It means that you are going to sell your property in order to raise money for a new home. You may have heard that this can be done, but you may not understand how the process works. Keep reading and learn about the different options that you have for selling your home in order to accomplish this very thing.
The most popular option is to sell your residential property to a foreclosed property investor. An investor will purchase your home at a discounted price, then he or she will finance the full amount of the mortgage. At the end of the year, when you have not made any payments on your loan, the investor will foreclose on the property and resell it to buyers at a profit. Most investors are successful, but you may have some trouble getting involved in this type of deal. It is highly recommended that buyers purchase from a specialist broker, as they are able to connect buyers with the proper investors.
The property is a corner unit on the 61st floor with unblocked perspectives on Sentosa island and the ocean. The unit contains an en suite main room, two rooms and a typical restroom. It includes an open idea kitchen and a lounge room with an overhang.
Skysuites @ Anson is a 99-year leasehold advancement situated on Enggor Street in Tanjong Pagar. The 360-unit advancement by Allgreen Properties was finished in 2014. Arranged in the CBD, the 71-story private improvement includes a blend of one-to three-room units of 366 sq ft to 1,141 sq ft. Units on the higher floors have either a perspective on the CBD or Keppel Port Terminal, which is set for redevelopment as a feature of the Greater Southern Waterfront. The 1,000ha site will be opened up after the movement of the ports at Tanjong Pagar and Pasir Panjang to Tuas from 2025 and will be utilized for new blended use improvements.
Another way to go about selling your residential property is to contact a Realtor. A Realtor is an experienced professional who can help you obtain the best rate on your house, negotiate the best financing terms, and help you close on a deal that meets your needs and budget. Using a Realtor is often the best way to shop for a home, as they are often happy to take on the responsibility of advertising the sale, arranging financing, and handling all of the closing details.
A large portion of the new resale exchanges at Skysuites @ Anson have included more modest units, similar to a 366 sq ft unit on the 43rd floor that was sold for $845,000 ($2,309 psf) on Feb 5.
On Nov 2, 2020, a 1,012 sq ft unit on the 69th floor was sold for $2.5 million ($2,479 psf). Prior to that, another 1,012 sq ft unit on the 69th floor changed hands for $2.93 million ($ 2,904 psf) in May 2018.
While using an agent to sell your residential property privately is the most common way to sell, it may not be the best choice for you. One reason why an agent would be more successful is if the agent helped the buyer secure a loan. Since most realtors specialize in one or two types of properties, the buyer may receive a better deal by using an agent. If you have good credit, a good employment history, and a decent investment potential, you may find that using an agent to sell your house will be the best option for you.
In view of information gathered by EdgeProp Singapore, the normal requesting costs for most from the accessible units at Skysuites @ Anson range from $2,160 psf to $2,480 psf. Rental units in the advancement saw a normal month to month lease of about $6.70 psf and a demonstrative rental yield of 3.4%.
If neither of these options works out, or if you have other options available, you may want to consider hiring an independent real estate agent. An independent real estate agent has no affiliation with any buyer or seller and will do everything possible to ensure that they receive the best deal. While this might cost you more money up front, in the long run, you will save money as agents might be able to negotiate a lower rate. You can also use an agent if you are inexperienced in the real estate market. Since the agents might already have some contacts, they can usually match the buyer with the right seller quickly.
The 1,012 sq ft unit, situated on the 61st floor, will be unloaded by Edmund Tie on April 28.
Once you have decided how you want to go about selling your foreclosed property, you will need to decide where you will advertise your home. Some people will choose the local newspaper, while others choose the internet. Usually, people will use the newspaper because it is free and there is typically a lot of content on the website. However, if you really want to get people interested in your foreclosed property, the internet will usually get you more responses.
Skysuites @ Anson is near Tanjong Pagar MRT Station on the East-West Line. The last period of the Circle Line will see the consummation of the Keppel, Cantonment and Prince Edward Road MRT Stations by 2025. The nearest stop to the improvement will be the impending Prince Edward Road MRT Station on the Circle Line, to be situated about 200m away.
Once you have decided what kind of marketing you will be doing, you will have to determine your timeline. When it comes to selling a foreclosed property, having a timeline is extremely important. As you work on a plan, it will be important to have a timeline so you know exactly what you will do during each step of the selling process.
The finishing of the incorporated Guoco Tower on Wallich Street in 2017 has renewed the Tanjong Pagar territory. A few undertakings are as of now in the pipeline, for example, the redevelopment of AXA Tower on Shenton Way and Fuji Xerox Towers on Anson Road just as the forthcoming review of the upgraded One Bernam blended use improvement. Other condos in the space remember Sky Everton for Everton Road, Icon on Gopeng Street and Altez, which is likewise situated on Enggor Street.
If you decide to use the internet for selling your property privately, you should keep in mind that the internet has one major downfall – competition. There are many people who are interested in buying foreclosed properties and most of them will be surfing the internet. Therefore, you will need to work extremely hard to make sure that you get your ads and listings seen by as many prospective buyers as possible. As well, you will need to check out all of your options and work hard to find the best deal you can.