11 Condo Red Flags to Avoid When Buying a 2 Bed Resale Under $1.2M

[@tspirate]

The video is about red flags to avoid when buying a 2 bedroom condo under $1.2M. The speaker, Daryl, classifies red flags as things that negatively impact your livability or ability to exit within 3 to 5 years profitably. He lays out the red flags in the form of a quadrant, with one axis showing how common the red flag is and the other axis showing how much of an impact the red flag has. Here are some of the red flags mentioned in the video: * Low impact, low occurrence: Unit is on a low floor, unit is facing a busy road. * Low impact, high occurrence: Proximity between blocks. * High impact, low occurrence: Unit is too large in size, unit is very close or directly facing a large open field, unit is a freehold unit, can't think of three other generic buyer profiles who would purchase this unit. * High impact, high occurrence: Unit's layout is not optimized, unit gets a direct west sun, unit is within a small project, units within the project do not see much price appreciation. Daryl emphasizes that every unit has its price and that knowing the red flags will help you to better assess the unit and determine a fair price. He also encourages buyers to do their homework, be observant, and not be too quick to rush into a purchase.

[@sepa3740]

Excellent your clarity & choice of topics are awesome that most others don’t cover! DO you provide personalized property advice for a fees?

[@DF_Property1]

Hello, thanks! Yes, please drop a note to [e-mail] so I can reach out to you to understand more about your needs.

[@BullRun-g9s]

fantastic analysis, structure and great "valuation method"

[@DF_Property1]

Thanks!

[@neorenjie]

You missed out the number 1 red flag. Playground right in front of the unit.

[@DF_Property1]

Didn't think about that, but I can imagine how that would be a problem 😂 sounds like speaking from experience!

[@Godfather1921_melo]

number 1 ? how about garbage chute ?

[@198922655]

thanks for the good analysis. would you talk about resale EC vs good location hdb ?

[@DF_Property1]

Thanks. That's an interesting comparison which I haven't considered. Do you have any projects / locations in mind?

[@198922655]

@@DF_Property1 Dawson SERS vs Tampines EC or Treasures Condo.

[@kendrictan8209]

Great Educative Video! For Singles reaching 35 years old, what is your advice and opinions on going for Singles BTO vs Resale HDB + taking into view of the ongoing and upcoming Singles BTOs available for the next 1~2 years?

[@DF_Property1]

Thanks! There are certain size limitations when you apply for a BTO as a single. I think before considering the locations, the first thing to ask yourself is whether you're ok with the size limitations?

[@noahblitzy3244]

pleaSE balance the audio.. some is small some sound LOUD!

[@andrewchen-ws9rv]

power good video excellent

[@gparamaeswary7276]

Landed property is low floor.😂

[@DF_Property1]

Lol and (usually) freehold also 😂

[@BullRun-g9s]

can you do one for commercial property

[@DF_Property1]

Great idea. I'll add it to my list of ideas for upcoming videos!

[@juniorjr5328]

Thoughts on poiz 2b1b

[@DF_Property1]

The prices for the 2b1b there haven't really moved much in the last 3 years. I'd say this is a red flag and worries me. Besides that, personally I prefer to have a 2b2b minimally. So maybe with the same quantum as Poiz 2b1b, I would prioritise a 2b2b in a less central location instead (OCR). With that price still possible to get near MRT 2b2b, maybe slightly older by a few years. You also get to enter at a lower psf, which is usually a good thing. Is there any particular reason you favour Poiz?

[@juniorjr5328]

@@DF_Property1 riding on the hype wave of mixed use development located right above mrt

[@juniorjr5328]

@@DF_Property1 there’s strong momentum in short term for mixed used dev above mrt

[@juniorjr5328]

Subscribed 👍🏼

[@DF_Property1]

Thanks!!!

[@SKRoy-bs8vc]

I have to buy but wat ll be your charges

[@DF_Property1]

I'm not an agent myself, but I can certainly introduce you to one if you'd like

[@juniorjr5328]

@@DF_Property1any thoughts on poiz 2b1b

[@juniorjr5328]

Please intro some projects

[@DF_Property1]

Tbh, hard to intro without knowing your budget, needs and circumstances. We can discuss more offline. Feel free to PM me if you want to discuss the details: [e-mail] In the meantime, I have a few condo review videos coming up too, so stay tuned! 😄