The Handover & The Preludes. Part I.

Another 13 days, we'll say bye bye to our first home.

Started my new job on 8 Jun & on 14 Jun, we sold our place after marketing it for about a month. We're so happy.... when many thought it's quite an impossible price we're asking including our agent, we got it sold with our God's grace.

It's such a fulfilling experience with God that we'd love to share with every1 :)

In May, the property market started to show signs of revitalisation but mainly for new & upmarket developments.. so we didn't feel it. As our loan would be up for refinancing this Nov, we would have to decide whether to sell or refinance by Aug. We decided to give a try & set the selling price after praying. Our agents advised us to start early (in May) as given the market then, it'd take a few months to get a buyer. They also preempted us that we've overpriced our place as banks were very conservative in valuating properties (ie. the difference between valuation & asking price would have to be paid in cash). Nevertheless they would still try, at our desired price, for a while to test market. As we're in no urgency to sell, if the price wasn't right, we'd continue to stay here & go for the refinance option.

I'm glad to say we're not worried then... just committed all seeming problems to prayer together every night.

Our buyer is a family of 3 from China. The husband's sister & family are in fact staying in the same development. They were really a Godsend. Why? We guessed our neighbour so wanted to have her family members stay close to them that whenever the brother & SIL picked at the flaws, she & her husband would jump to our defence. Undoubtedly, their words were much more convincing than our agent's or ours. Then, the crucial part was... the buyer didn't need a full loan (ie. 80% of the purchase price). So the big gap between lower valuation & higher price posed no problem in our case.

We're also thankful that God has blessed us with very experienced property agents who are husband-wife team. We met 3 years ago & found them nice & truthful. For this sale, they planned everything real well & we're impressed by their 'strategies'.

In the caveats lodged for our development, our price psf is the highest for this year. ;)