#bedokhomes

Thanks 😊 to the cobrokers who gave us the opportunity to view this beautiful project at the #tropicalspring 🌴 I was serving my client upgrading from a hdb to a private property 🏠, as usual trying to manage her ABSD and timelines, however viewings for private #properties are difficult to arrange nowadays. Because demand is still significant while supply is lower, another reason is that the buying agent usually shares the commission with the selling agent when it comes to private property transactions. Because of that, sometimes when we serve a buyer who is buying a #privateproperty, it is difficult to arrange a viewing, since some sellers' agents would not like to share their commissions💰 Therefore, they will either ignore or 𝙨𝙞𝙖𝙢 the viewing request, or keep silent without replying to the messages or 📞calls. They may say that the house is tenanted until next year if my buyer is buying it for own stay, or that nobody is around or not in 🇸🇬 or some have even prioritized direct buyers to view first or the viewing slots are full, despite some houses being vacant, etc. When I ask my buyer to call directly, they are able to arrange the viewings. This happens in some landed and HDB cases, even though hdb does not share commissions. Due to the fact that dealing with direct buyers, they can collect the full commission, they don't want to share.💸 Some even told me upfront that the owner doesn't allow them to co-broke. Is it true that the owners forbid🚫 them from co-brokering? 😅 Or have they been misled? If it doesn't co-broke, whose interests are being protected? The seller's agent may just persuade the sellers to accept a lower offer simply because it is a direct buyer without an agent, so he or she can get the full commission.😉 Sellers may not even know if there are higher offers from other buyers, including those with buyer's agents. So if the #agents aren't cobrokering, did the sellers get the best price for their house? @propnexsingapore #bedokhomes #ronloh #realtor #realtorlife #propertyagent #propertyagents #propnex #sghomes #homesg #sgcondo #condosingapore #sgrealestate #sgproperty #singaporeproperty #singaporecondo #singaporehomes (at Tropical Spring) https://www.instagram.com/p/CfhA6KuJglS/?igshid=NGJjMDIxMWI=

As the year 2021 comes to an end, I spent a peaceful night 🌃 with my family in the neighborhood where I currently live. Perhaps we have been too busy with life and have forgotten how to appreciate the present moment😌 Some clients have commented that I can't be so busy since my working hours are short and flexible 🕒 so I can work whenever I want. They also believe #agents only do paperwork that takes little time and effort and our commissions seem high to them, which they perceive as easy money for us‼️ However, these are misconceptions and misunderstandings about how agents work, and it's not as simple as it seems. The truth is that #propertyagents rarely have the luxury of flexible work hours 😅 instead our working hours are determined by our customers. We work during our clients' off days or when they are free, including weekday evenings and weekends. Thus, we have to sacrifice family time for work, especially on weekends. We may also need to be available 24 hours a day if a customer has a sudden concern or an urgent matter 🤣 In other words, our time is given to us by our clients, not necessarily by us. And we don't get a fixed salary, our income is largely dependent on what we earn. So if we need to bring food 🍔home, we have to serve customers. In addition, the effort put forth often goes unnoticed because a successful deal involves more than just paperwork. To meet our clients' needs, we have to analyze properties 📂 review financial plans, assess risks📋 and arrange viewings, among other things. As well as sales, we have to create marketing materials, including videos 🎬 which is the norm today. We have to pay upfront advertising costs before we are paid later, which adds to our workload and costs. The commission💰is also usually paid after the transaction is completed or the extension stay ends, which could easily take 4 to 6 months after the preparation, marketing, viewings, negotiating, closing, and completing the transaction, or even longer when the market is slow. Finally, no commission is paid if no deal is reached after all the costs and efforts have been made. We are paid only if the deal closes 😂 #ronLoh #bedokhomes #propnex (at Blk 16 Bedok South market n hawker centre) https://www.instagram.com/bedokhomes/p/CYJZ2k-pwkl/?utm_medium=tumblr

On the 15th Dec night, our @mndsingapore announced new cooling measures 📣 Several were surprised, but most had expected it after the first quarter, when prices rose by 3.3% 📈 These measures were not implemented at the time, and my customers asked, Why now? Late at night🌛? If they announce this on the day, will people rush to get loans and complete their purchases quickly? Sadly, I have no answers 😅 However, many worry that private property sales will fall off from here?😢 And how quickly the market will react to new cooling measures. The price is therefore expected to stall for a while, then grow modestly in 2022 as ABSD increases mainly for foreigners and multiple property owners. So long as the demand for own stays remains strong, the impact of this change will be minimal, even when the new GLS is released in 2022 🙏 Additionally, most developers 🏗 have sold most of their units and aren't under any pressure to lower prices, and the market supply is low. TDSR’s reduction from 60% to 55% will not drastically disrupt first-time home buyers' plans to buy a house since they are buying for their own use 🏡 However, some think that the TDSR will affect the demand from upgraders, who will likely take out larger loans💲 Despite the 5% difference in loan amount, the LTV remains at 75% and the down payment remains the same. Generally, homebuyers are more concerned with whether they can afford the required 25% down payment. Moreover, the cost difference is mainly determined by the price difference between the two residential units, based on how much the current selling price of the home differs from the new one 📊 As they move to the next housing, will the price gap narrow? Or will it widen as a result of these measures? Hence, if price gaps widen due to these measures, upgrading from one house to another will be harder regardless of a reduction in TDSR. We may observe if the market prices are flat while moderate growth continues in this case. However, those who have already bought feel more at ease, while those who haven't yet bought are disappointed, based on the comments I've received 😅 #MND #coolingmeasures #bedokhomes #singaporehomes (at Singapore / Singapura / 新加坡 / சிங்கப்பூர்) https://www.instagram.com/p/CXoFG_bpja9/?utm_medium=tumblr

Congrats in Winning #eastcoastgrc & manage to have a word with DPM Heng during his #election2020 walkabout at #BedokSouth hawker. So will see 🙋‍♂️ him very soon in East Coast especially in the estate of Bedok 😊 #bedok #bedokhomes #eastcoast #papsingapore #GE2020 #sgelections #Sgunited #straitstimes #Singapore🇸🇬 #Singapore #Singaporeans (at Blk 16 Bedok South market n hawker centre) https://www.instagram.com/p/CCi-5jnHVLw/?igshid=leefmamwqd9d

Since the beginning of phase2, seem to be everyone have out for physical viewings 🤣 But is Nice to see the view physically 😀 #singapore #bedokhomes #bedok #bedoksouth #tanahmerah #Ronloh #realtor #realtorlife #propertyagent #property #sgproperty #sgrealestate #sghome #Condominium #residential #seaview #bluesky #beautifulsky #dailylifesingapore (at Tanah Merah, Singapore) https://www.instagram.com/p/CB9p2SrHc9q/?igshid=1dksyhl69rng9

Kinda of miss & enjoy ❤ the change working at home during the #circuitbreaker 😅 But very soon we going into phase2 & will see you very soon 🙋‍♂️ 🍻 @propnexsingapore #Singapore #Singaporeans #bedokhomes #bedok #realtorlife #realtor #propertyagent #Ronloh #PropNex #MarcusLuahDivision #Realestate #sginsta #sgparents #sgproperty #stayathome (at Eunos MRT Station) https://www.instagram.com/p/CBknfpsnYFR/?igshid=1bczj4bdwn54l

Adding colors🌈 into our #heartland #bedoksouth #HDB 😊👍 #bedok #bedokhomes #bedoknorth #bedokmall #bedokpoint #bedokhawker #bedokistheplacetobe #heartbeatbedok #bedokreservoir #bedokreservoirpark #singapore🇸🇬 #singaporecity #singapore #singaporean #singaporeinsiders #singaporelife #singapura #thisissingapore #gosingapore #sglife #sghome #sgig #igsg #sginstagram #sginsta #exploresingapore #singaporetimes (at Block 18 Bedok South Road) https://www.instagram.com/p/B6ciWeanOuz/?igshid=16054zkt7yiuj