Well, I know a lot of people know that Malaysian home selling is really one of the risky and scary ordeal. It is never an very very easy thing; tons of things have to be considered, most of which are hardly ever in your control.
Here are some of the most common fears of every Malaysian seller who sells house and condo like, well, Puchong’s 16 Sierra, and tips on how to overcome these fears:
Fear No. 1: Fear of the house not getting sold. While it may sound like a relief to your sentimental attachment to the house, every home seller dreads sitting for far too long on the listings. Each week that passes by on the listing is a possible chunk off the selling price – something that no Malaysian home owner would ever want to hear about.
Solution: Find a good real estate agent and make a strategic marketing plan for your house. Don’t stop at Plan A. Have a specific time frame on implementing plan A; if it does not work after your specified timeframe, move on to your Plan B. Be a proactive home seller too!
Fear No. 2: Getting a bad Malaysian real estate agent. Unless you’re going FSBO with your home sale, you’d have to work with a professional realtor. And practically, because of your inexperience in the field, you wouldn’t know the ins and outs of the trade and rely heavily on the realtor. A bad realtor is someone who could not sell your home or someone with an attitude that does not suit with yours.
Solution: Before hiring the services of a real estate agent, go through the deliberate but necessary process of interviews. This will ensure that you find someone who suits your need in every possible way.
Fear No. 3: Selling at a bad market and end up not getting the house sold at all. This is one those fears that you cannot do so much about. You cannot change the market trends to favor you anyway.
Solution: Do your market research on the industry and figure out whether or not it is a good time to sell your house. If you can, postpone your sale or do something about your house to get a better deal.
Fear No. 4: Selling the house too cheaply. No one wants to be shortchanged on a home sale especially if the sale of the house is necessary for the purchase of the next one. It is a nightmare for any home owner to have his Malaysian house sold way below the price he bought it for, way below the fair market price, and way below his ideal amount.
Solution: Check for fair market price (see sites like GoodPlace.my), get a home inspection for your house, make improvements if necessary, and know how to deal with negotiations and bargaining clients. Tell your agent the least amount you’d go for the house and stay within that bracket (as long as it’s within fair market price range).
Fear No. 5: The home inspection results requiring too many repairs. Home inspection is one of the most nerve-wracking parts of the home selling process. No owner wants to know just how poorly conditioned his house is; and quite frankly, nobody wants to be told about which parts to fix and how much it might cost.
Solution: You can’t do anything more than to face the results. You can either spend on these improvements, or compromise on the price of the house.
But Wait, There’s More…
Let’s all admit it: business is always so much better when there’s pleasure on the sidelines. And avoiding it totally is quite a challenge. Malaysian bosses get attracted to their apprentices, coworkers fall for their fellows, agents go after clients – it’s a never ending cycle that has been presented in practically every form in a Hollywood production.
And so there’s really not a need o be uppity-tighty about it – business and pleasure will surely find its way towards each other sooner or later.
Having known and accepted that fact about the very thin line we’ve set between business and pleasure, I guess it’s only right that at the very least we lay down some rules. When you’re feeling a little too flirty with your Malaysian lady boss, or with a junior at the office, these rules may just be the thing you need to keep things dignified and civilized despite mixing business and pleasure:
- Never use romance for professional leverage. This is the very reason why office romance is highly discouraged. A heart in love is a heart vulnerable, and it may cloud even the brightest and smartest mind into doing the stupidest thing. So if you are romantically linked to someone who can give you leverage, please save yourself from karma and from indignity – don’t use that to advance yourself in your career. That’s just disgusting.
- Never be used for someone’s professional advances. This is one of the biggest and yet most common forms of business and pleasure together. And this does not make it any right. Man, when you’re on top, there will always be some girl who will offer her company (maybe even her body) in exchange of career advancement. Or a discount, whatever she needs. And you, in your right mind, should never allow it. Keep office romance dignified, not some form of prostitution.
- Keep your personal relations outside of the office. Do not talk about your relationship in your professional setup and vice versa. This will keep your personal issues from affecting your professional relationship (and the other people in it; i.e. coworkers, other clients) and the other way around. Whilst you’ve already gone on to mix business and pleasure, avoid having both roles overlap with each other to avoid conflict. And yes, the same thing applies to flirting in the office and sealing deals on dates.
- Don’t be the talk of the rest of the professional scenario. So you’re lovers and business associates at the same time. And while you don’t always have to be living under the hush-hush, you can always keep the rumors and the talks about you at bay. Your entire company should never know about your personal lives. Sure you can invite them to the wedding but your dirty laundry should not be the topic of their lunch gossip.
These things happen. And your one true love may just be the new girl at the office sitting across you right now. The Malaysian real estate agent who’s selling a home in Concerto North Kiara right now could be the one. But where the barriers between business and pleasure have been broken, these are the rules that keep a balance of everything.
Just email me if you need anything else at email@example.com. See you in the next issue of this newsletter!