FiChai

MLS always lie on strata fee.
ACC-HE 發表於 2010-12-8 13:06

I won't use the word "lie", but yes, most of the information on MLS could be inaccurate! Something like sq ft, strata fee, and sometimes even pictures are not 100% correct! But regarding for the strata fee, usually it won't be a big difference (say 5+/-%) geh.

FiChai

And what would you like to know about strata fee?

FiChai

MLS is like eBay, they don't care what you post.  If the info is inaccurate, that's the poster's fau ...
ACC-HE 發表於 2010-12-8 13:18

Well, theoretically the listed information should be true. However practically, for example, the very first guy (the developer) posted the sq ft as 1000, thus everybody thereafter will simply trust and post the same. Who will hire an inspector and redo the measurement each time before posting? But the fact is the developer did a wrong measurement and actually it should be only 998 sq ft. Even the buyer found it out, who's gonna sue you (no matter you're the seller or the seller's agent)?

Regarding for the strata fee, for example at the time of listing is correct, but then they just have a raise a month later and the listing is still active. Now the chances are, maybe the owner (seller) doesn't know he/she has to inform the agent to change the information on MLS, or the seller forgot to do so, or the seller did inform his/her agent but it's the agent being too lazy or forgot to change it! Again, who's gonna sue you for example $5 bucks strata fee difference? LOL

FiChai

well, will it help if our places are very different from what you are interested in?
Like how old i ...
布小熊 發表於 2010-12-8 13:34

Very true. Lots of factors like numbers of elevator, size of common garden/patio/area, pool, sauna room, different strata companies... etc etc.

FiChai

I just want to know what's the average, and what do ppl willing to pay for what amenities.
ACC-HE 發表於 2010-12-8 13:37

Actually, there is really no standard. Similar house size with similar amenities in different areas could vary a lot, even within the same city but just different complex nearby vary too.

Of course people prefer a relatively low strata fee, or as low as possible. But it depends. If they're non-brand-new or not-too-new houses, there would be some history to follow and thus people can foresee the possible rate in the near future. But for brand new homes, some of them might start at a pretty low rate but they can have incredible raise later in order to cover the needed expense cuz they wrongly started too low at the beginning. So in other words, even there is no market "standard" but people may pick something in the middle as a good reference.

The questions is, if you found your dream perfect home but just the strata fee is higher than you expected, would you still go ahead or to look for another home (a not too perfect home but lower strata fee)?

FiChai

回復  FiChai


    I understand these, you should reply Ah Lik instead.
ACC-HE 發表於 2010-12-8 14:39

Yes, I intended to reply his post above yours, but accidentally click the wrong button. LOL

FiChai

House? You meant single dwelling house? No strata fee ga wor...! And don't think condo only costs a little strata fee, cuz some penthouses could cost a lot more than you expected!