Dear valued customers,

We understand that the current situation in the country is not so good.

Many of you want to quickly sell your house/condo/land.

You’ve already reduced the price / accepted a loss,

but still couldn’t find a "buyer" to take it from you.

So, we would like to inform you as follows.

.

LTV + COVID

These factors have left the real estate market "adrift."

In the past, there was the LTV measure

which made getting a loan no longer easy.

It turned the area into:

"This place is rough... if your credit isn’t good enough, you can’t get a loan."

But there were still people who had enough cash to buy outright,

so the market could still move a little.

.

However, when COVID hit,

even cash-ready customers

started to pull back,

hesitating to release their cash.

.

Therefore, for those wanting to sell now,

we can say briefly: "Be prepared" (speaking in general).

.

For investors/speculators,

if they are to buy from you,

there must be a price that is very attractive (like really attractive).

The criteria investors use to buy real estate from you are:

1. Price is 10–20% below general market price.

2. Use the Land Department’s appraisal price as the purchase price.

3. Buy at the original contract price.

4. If there’s an outstanding loan installment with the bank, use that as the purchase price.

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Would you call these investors "bloodthirsty"?

That depends on your perspective.

They’re not forcing anyone to sell.

It’s up to each of you

to consider for yourself

how much longer you can hold on.

.

If in three months you’re going to be foreclosed,

your condo seized, or you’re blacklisted,

but they come to buy from you,

then they are actually helping relieve your burden.

(And your credit history won’t be ruined.)

.

Because they have already stated that they’re investors.

When they buy from you,

there needs to be a gap so they can resell.

They don’t intend to live there themselves anyway.

So they may need to buy at a price they can resell at.

.

This post is to speak on behalf of investors.

They’re willing to buy, you know.

But if the risk is too high... they just can’t.

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Join the conversation at

https://www.facebook.com/Ex.MatchingProperty/posts/pfbid02KHxxBJocWTNUg2ZFbfEW7RGhWs7uSg2Ejvs212Km4iGYBXvQsatLSpgov23neXScl