10 Factors Why Your House is Hard to be Sold!

Premhouse.com JAKARTA | Hire a real estate agent to accelerate your house selling! | Are you willing to sell your house? You think you have delivered the best effort to meet this purpose but it is seemingly still hard to get the right buyer? Here is a summary of the main factors which might cause you get difficulties to find the right buyers:

1. The price is too expensive

Like or dislike, you might feel free to determine the right price for your house. Nevertheless, whether it will be sold or not, the price plays an important role. In order to ease yourself in finding a reference for its market price, it is important to compare your house price to the ones around your neighborhood. If you start with the price that is too expensive, it is surely hard to be sold.

Overview of the Booming Residential Property Sector of Indonesia

Indonesia's residential property market has shown robust growth in recent years as demand from the country's rapidly expanding middle class for mid-level and luxury property increased steadily amid a low interest rate environment and robust national economic growth. Demand for property is also backed by high consumer confidence as a recent Nielsen survey shows that Indonesians are among the world's most confident consumers. Indonesians' consumer confidence was at a four-year high in the fourth quarter of 2013.

Effective Tips in Finding Property During Expo | Indonesia Property Expo 2015 at JCC on February 14-22

Jakarta | Kompas.com - Indonesia Property Expo 2015 in Jakarta Convention Center (JCC) has been being held from Saturday (14/2/2015) to January 22nd 2015. For those who have been looking for a house, there are many ways to find some references. In example, you can use a property search portal or go surveying the location of your dream house.

But please remember, there is another one way to get the information about the houses, i.e. to visit a property exhibition. This exhibition is usually held in particular period of time by respective parties, e.g. the government, developers and banks.

Property Industry to See Positive Growth in 2015

The surge in the middle-income bracket is predicted to have a positive impact on the growth of property in 2015, also favored by the development of much-needed infrastructure, such as toll roads in several regions. 

The prospects of the Indonesian property industry for 2015 are predicted to remain positive, driven by demand for products catering to the middle-class segment. The middle-class segment in 2015 is expected to grow to 90 million people, reflecting high purchasing power, according to an analyst.

The population grows 1.49 percent annually, leading to rising demand for residential property. “However, discrepancy between supply and demand for residential property reached around 15 million units in 2013,” the analyst said in a discussion themed “Housing Estate-Property Prospect and Business Opportunities 2015” held by Kompas.com recently. 

Rent or Buy? | When the Calculation is Unbalanced [2]

When the interests of housing loans program (KPR) and the incentives from developers (down payment credits) are included in investment calculations, buying an apartment in Kuningan area seems to be interesting enough. But, with 30% down payment and current interest rate, buying an apartment can be 4% more expensive than renting the same property. Whereas in last two years, buying an apartment in Kuningan is 26% cheaper than renting the same apartment.

Long-Term or Short-Term

The potential property market which becomes potential to get overvalued is the result of two main causes, i.e. first, the condition and situation of the country that relatively stable, either in macro or micro economics wise. Secondly, the sustainable national economisc growth has attracted a lot of foreign investors to invest in Indonesia. By the time, it will lead the expatriates to come, and it stimulates the growth of residences demands.

Rent or Buy? | When the Calculation is Unbalanced [1]

Johan and Jenny Wijaya are lucky couple. When they decided to buy property four years ago, around 2010, the time was right: it was before the property market getting "leap". This couple bought an apartment in Kuningan area, Jakarta Selatan, a mall-apartment-office superblock (trending complex built by developer nowaday). The apartment was bought in a value worth of IDR 3 billion.

Lesser than three years afterward, Johan and Jenny realized that the property market indications were starting to get bubbled. Both of them then decided to sell their apartment and were back to rent a house instead.

Tips of Searching Houses in Online Website

In digital era, to search the houses from online advertising is surely saving our time. The consumers can compare easily when they are searching for various houses specifications which they are interested to. Nevertheless it could be such a double-edges sword. There are some risks that shall be calculated.

1. There are bunch of online websites which display property advertisements. Before entering to the one of those houses-selling-websites, please check in advance the reputation of the website. Select the website that has gained credibility.