Day: November 29, 2023

When buying a serviced apartment in Johor Bahru, negotiating the price is an important part of the process. As with any major investment, it’s important to get the best possible deal to ensure that you’re getting value for your money. In this article, you will learn some tips for negotiating the price of a serviced apartment and how you can get a better deal.

Do Your Research On The Condo For Sale

Before entering into negotiations, it’s important to research the market and understand the current prices of condos for sale in the area. This will give you a better idea of what a fair price for the condo you’re interested in should be and you can also compare the prices.

Know Your Budget For New Project

Understanding your budget is crucial when negotiating the price of a condo for sale. Be clear about what you can afford and don’t be afraid to walk away if the price is not within your budget. If you want to invest in a new project, then find a property that is within your budget without breaking the bank. Check out M Minori by Mah Sing, an affordable property in JB that you shouldn’t miss.

Understand the Seller’s Motivation

Understanding the seller’s motivation for selling the property can help you in negotiations. If the seller is motivated to sell quickly, they may be more willing to negotiate on price. Owners of the apartments in Johor Bahru have a tendency to offer lower prices if you understand why they are selling the property.

Highlight Any Issues with the New House For Sale

If you’ve noticed any issues with the new house for sale, such as outdated appliances or minor damage, be sure to highlight these during negotiations. This can give you some leverage in terms of negotiating a lower price and the owners might give in to negotiations.

Consider Timing

The timing of your offer can be a factor in negotiations. For example, if you make an offer during a slow period in the market, the seller may be more willing to negotiate on price. You may want to avoid new projects as it can get very hyped up and priced higher. Consider looking for new launched places that have not started and in its pre-selling state, you might get lower than normal prices.

Be Willing to Walk Away

Sometimes, the best negotiation tactic is to be willing to walk away from the deal. If the seller is unwilling to come down on price, it may be best to move on and find another condo that better fits your budget.

Work with A Real Estate Agent

Finally, working with a reputable real estate agent can help you navigate the negotiation process. An experienced agent will have a good understanding of the local market and can provide you with valuable insights and advice.

In conclusion, negotiating the price of a condo for sale requires preparation, research, and a willingness to walk away if necessary. By understanding the market, knowing your budget, and working with a real estate agent, you can improve your chances of securing a fair price on the condo of your dreams.

Business banking in Malaysia is a critical aspect of running and managing your own enterprise. With numerous banking products and services available, it can be challenging to identify the best options for your company’s needs. This comprehensive guide provides an overview of business banking in Malaysia and how it works.

Creating Business Saving Accounts

A business current account is a fundamental banking product that allows companies to manage their finances easily, deposit and withdraw money, and earn interest on their balance. In Malaysia, most banks offer business saving accounts that come with low minimum deposits, ATM and online banking services, and additional features such as chequebooks and overdraft facilities. To find the right business saving account, it is crucial to compare interest rates, fees, and terms and conditions offered by different banks.

Availing of Business Credit Cards

Business credit cards are popular banking products in Malaysia that provide companies with convenient access to credit for their expenses. Business credit cards offer benefits such as cashback, reward points, and discounts on certain purchases. However, it is essential to use business credit cards responsibly and pay off the balance in full each month to avoid high-interest rates and additional charges.

Cash Flow Management

Cash flow management is a critical component of running a successful business. In Malaysia, banks offer cash management solutions that help companies manage their cash flow, monitor their expenses, and streamline their operations. Cash management solutions can include services such as online banking, mobile banking, and cash management tools that allow companies to manage their cash flow efficiently.

Taking Business Loans

Business loans are a type of financing that can be used for various purposes such as working capital, equipment purchase, or expansion. Business loans are offered by banks and other financial institutions with different interest rates, repayment periods, and terms and conditions. When choosing a business loan, it is crucial to consider the total cost of the loan, the interest rate, and the repayment schedule.

Considering the Banker’s Acceptance Rate

The banker’s acceptance rate is a financial instrument that is used to finance international trade transactions. The banker’s acceptance rate is a popular financing option for companies involved in import and export businesses. It’s a short-term financing instrument that allows companies to access credit for their trade transactions.

Securing A Company Insurance

Company Insurance is a type of insurance that provides protection to businesses against risks such as property damage, liability, and employee injury. Companies can purchase various types of insurance such as property insurance, general liability insurance, and workers’ compensation insurance to protect their assets and minimize their risk exposure.

Using Digital Banks

Digital banks are a new type of banking model that operates entirely online. Digital banks are gaining popularity due to their convenience and low fees. Digital banks offer services such as online banking, mobile banking, and cash management tools that allow companies to manage their finances efficiently.

Large-Scale Commercial Loans

Commercial loans are a type of financing that is used for large-scale projects such as real estate development, infrastructure projects, or business acquisitions. Commercial loans are offered by banks and other financial institutions with different interest rates, repayment periods, and terms and conditions. Commercial loans typically require collateral and extensive documentation.

Joining Trade Finance

Trade finance is a type of financing that is used for international trade transactions. It is offered by banks and other financial institutions with different interest rates, repayment periods, and terms and conditions. Trade finance products include letters of credit, guarantees, and documentary collections that provide companies with access to credit for their international trade transactions.

Business banking in Malaysia offers various products and services to help your company manage your finances, access credit, and minimize risk exposure. These services should be able to help you find the right business banking service for your company.