News Hong Kong Property & Finance

Buying a village flat- any tips?

ORIGINAL POST
Posted by jjt3 17 yrs ago
Am currently looking into buying a village flat nr Sai Kung/clearwater bay. Im learning that buying and morgages are a little different over here. The bank valued the property well below the asking price. Can we use this as a bargaining tool?


If any one has any general tip or hints this would be really useful! thx

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COMMENTS
jjt3 17 yrs ago
Also, we would be looking to do some renovation- if any one has any recommended builders/plumbers for this area this would also be useful. thx

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ldavy 17 yrs ago
I doubt that you'll be able to use the low valuation as a bargaining tool because all property in Sai Kung/Clearwater Bay is priced at way over the bank valuation.

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jjt3 17 yrs ago
Thx all. Fortunate in that we have enough so that morgage so far doesnt seem to be a problem. Any other tips on the process more than any thing. Or any builder contacts to get a quote for renovations?

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SweetSue 17 yrs ago
Check out Nice House Interior Design & Decoration Co accross from McDonalds in Sai Kung

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jjt3 17 yrs ago
Can any one advise on having a structural survey? Surely this would need to happen before you go through with an offer?

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sxc 17 yrs ago
You would be best to talk to a lawyer. Buying a village house/flat is not like buying a house in other countries.

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