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Looking for an agent to help sell a house in KL

Last activity 18 September 2018 by mac75r

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mac75r

Hi
I live in Canada by have a house in Malaysia I am looking to sell.  I will be in KL in December so would like to make arrangements to meet with an agent who could help us sell our property.

Thanks in advance

Sivasudhan

Hi
I am looking for a house in KL
If you are interested in selling,
Please contact me
Thanks and regards
Siva

Nornha

May I know where is the location of your property?

Gravitas

Rather than waste 2 or more months, look on www.iproperty.com.my to see which agents are nominated for your particular condo or locations.  You can then contact one of them and get the process started.

If you can see Reapfields among them, they are a reliable network. Otherwise check on Metro Homes for reliable agents.

Request the Agent's terms. Usually they are different when having more than one agent involved in marketing your property. It can be good to start with one agent for the first 3 months and see what happens.

If all goes well, you could be signing the S&P Agreement during your trip in December.

mac75r

Sri Bukit Persiketuan, Federal Hill.  It's called High Bank Condominium

mac75r

We aren't selling yet.  As we need to first find out the value of the house.

mac75r

Wow thanks for the info Gravitas!

Gravitas

The reason why agents answering you are asking where the property is located is because realtors work very often on a geographic basis only handling properties within a designated area around their offices. Some condos have "preferred agents" which basically means there are a couple of specialist agents who market rentals and sales in the building. Actually this can be detrimental to you, and in this case it might be wise to shop around more.

Definitely insist ONLY on using an agency and agent who has a professional registration certificate. This means they have passed examinations. You should also insist they have 2 years' experience so are no long a probationer. You can check agents based on their Registration Number (REN) - which should be on all correspondence with you.

The value of a property is not set in stone and is related not only to location, size and age, but also amount of renovation and standard of fixtures and fittings. The asking price will also depend on supply and demand. The prices you often see on property portals are pie-in-the-sky and not related to real value of the bricks and mortar. It is possible to get a valuation from your bank or from a professional association, but frankly hardly worth the costs (high) involved. Do remember the capital gains tax payable and waiting a year or two might diminish these substantially.

Normally fixtures and fittings are included in the price and of course there are still the minimum purchase price for foreigners in place, which can affect the saleability of some properties. Having a "lock stock and barrel" pricing can help push the upper price boundary. Properties do not appreciate in value in quite the same way as in some countries, because of supply and demand. Therefore just by owning a property for several years, does not mean it will have increased substantially in value. If it was bought Off Plan, then more profits may be possible. Otherwise, age of a building works against its value in most cases, but a high floor is often more attractive than a lower one and reflected in the asking price. The economic growth in the last 5 years in Malaysia means that little profit has accrued in the property market.

mac75r

Thanks Gravitas,

Also What are Reapfields? and how do I find out if the realtor is reliable?  Also do you know on average what realtors charge as their fee?
I saw an agent online that is selling properties in the same place so thinking to contact him to help

Gravitas

Check my updated post above - had some new thoughts to share.

mac75r

Thanks so much Gravitas for all that valuable information.   It's so hard as I'm just trying to help my mum sell the place but I have never lived in Malaysia so not familiar with how things work in KL.
Your advice and information is much appreciated.    I have been trying to read up on it.

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