You wouldn't want to trust any of those companies. Just find a reputable real estate agent and tell them what you are looking for and they will help you.
Well it really matters about your personal situation. Sell when you want/need to sell.
You need to check with your local bldg dept as codes vary from city to city. There will be code requirements for space from the wall for the toilet for one thing - that will determine if you have enough space for that.... more
Hi Mogelt -
There is a LOT on the market in Marina Bay, everything from higher priced single family homes to small, inexpensive condos. So the answer is "it depends". The higher end units have lost value, but at a smaller percentage than the less expensive one. Just last week, there was an auction to sell off many of these lower priced condos. You should expect that this auction attracted lots of investors, so many of these units will become rentals.
That being said, Marina Bay is a great location. The homes on the water are lovely, and many of the condos have great views. My opnion is that this will always be an attractive area in which to live, but for the short term, it may be difficult to sell homes there because of the glut. If you plan to buy and hold, then you should be able to get something at a great price today, and to sell it at a reasonable profit in a couple of years.
Questions for you:
Are you represented by a realtor? If so, your realtor and a title company should be able to estimate your closing costs which will be based on:
How much is the offer price
Your down payment
Interest rate if not a cash offer
Points if you are getting a loan (is your lender charging you a loan origination fee?)
The title company should get the info from the HOA re: transfer fees, doc preparation fee
Estimates for prepaid insurance/taxes
Typical buyer's expenses:
Recording fee $100
Loan processing fee $350
Tax service $85
Document preparation fee $350
Loan underwriting fee $200
Flood certification (needed for insuance) $20
Credit report $50-60
Courier fees $50
Loan origination or discount fee anywhere from 1% of purchase price
County transfer tax
City transfer tax (Richmond, it's $7/$1000 of purchase price)
Lender's title policy
Prepaid insurance, taxes and interest
Depending on the terms of your offer, if you have so many days written in for your loan appraisal/approval and buyer investigation....as long as you don't release or clear those contingencies, you should be able to get your initial deposit back.
These are the things your realtor should be ablet to tell you.... more
For the $150 or so that it will cost (typically paid by the seller, but you if not), your peace of mind is worth it (or at least mine would be). Then you don't have to worry whether that squeak in the bathroom floor is from dry rot and you're about to fall through, or whether it's just that the subfloor is squeaking against a joist and you can forget about it.
And frankly, you never know. I was more than surprised when a pest inspection on a mobile home I listed (all metal, right? What could happen to that?) came in at $8,000 of section 1 work, mostly from small but long-neglected leaks.
Get your pest inspection (but ask the seller to pay for it).... more