SGREALTY
  • Home
  • Sellers
  • Buyers
  • Blog

Blog

Thoughts during this Circuit Breaker period

5/2/2020

0 Comments

 
Some questions on people's mind today:
1. Why buy now?
2. Aren't property prices dropping?

​Well, as the saying goes, there is no better time than today. We will never be able to time the market, be it in real estate, stocks and shares, or even in our daily retail needs. The fact of the matter is, yesterday is gone, the only day to look forward to is tomorrow. We do not luxury of time for should haves and would haves. The only questions I have for you instead, are:
1. Are you financially ready to buy? 
2. Are you mentally ready to buy?

It is no mystery why the seasoned investors are on the hunt for properties during this period, and it is evident from the transactions happening during this "Circuit Breaker" period that people are still buying.  The reason is simple, during this period, sellers; be it in sellers on the resale market, or developers, are more "motivated" to sell. But bare in mind, these sellers have bottom lines to keep, so there are many good deals out there in the market, but we have to be realistic as well.

Of course there are those who are looking to cash in on properties going at 30% to 40% off the initial asking price, although its not impossible for such deals to come along, but they are few and far between. If you are a buyer that is thinking the above, my question is, if you ever do come across a "fire sale" like this, will you commit? Or will the next question in your mind come up be "It will still drop further"?

What are your thoughts on this?

Drop me a PM via text or whatsapp and we can discuss.

0 Comments



Leave a Reply.

    Author

    Some thoughts and ideas    to share and discuss.

    Archives

    May 2020

    Categories

    All

    RSS Feed

ERA Realty Network Pte Ltd L3002382K
Benedict Lim R056376I
Mobile: 91088442
  • Home
  • Sellers
  • Buyers
  • Blog