That feeling is understandable. But today’s decision needs to consider what keeping or selling the property would mean from this point forward.
Your purchase price explains the past. It does not tell you whether another year of ownership is affordable or worthwhile.
Start with what the property could sell for today
Compare genuinely similar properties and available transaction evidence. Separate advertised asking prices from completed sales.
Ask what supports your expected price: the same development, a similar size and condition, or simply the amount you hope to recover?
You do not have to accept the first offer. You do need a realistic range against which to assess it.
Compare the cash required to hold
If you need to contribute RM1,200 each month to keep the property, another two years would require RM28,800 in additional cash, assuming the same monthly gap.
That is a cash requirement, not a complete investment-loss calculation: part of your loan instalment may reduce principal. It still matters if the money is coming from emergency savings or other essential commitments.
Ask yourself what would need to change during those two years, and what evidence supports that expectation.
Work out your actual exit position
Ask your bank for the redemption amount and your lawyer for estimated selling costs, applicable taxes and other adjustments.
Selling below your purchase price does not automatically mean you must find cash to settle the loan. Equally, selling near your original price does not guarantee money left over.
What matters is the proceeds available after the relevant obligations are settled. If those proceeds are insufficient, a shortfall may remain payable under your financing arrangements. CIMB’s standard property-financing agreement explains that possibility.
Set a decision point
Holding may be reasonable if you can support it and have a credible reason to continue. Selling may be worth considering if the property no longer fits your finances or plans.
Write down your affordable monthly contribution, review date and conditions that would change your decision. Neither recovering your purchase price nor selling immediately should be an automatic rule.
Discuss your property and deadline
If you are approaching the limit of what you can contribute, tell Sell House Now your deadline and the property’s situation. We can review whether a sale route may be suitable. Compare any proposal using the cash you would receive after loan settlement and costs, including whether a shortfall would remain.
The initial conversation and evaluation are free, with no obligation to accept an offer. You can also WhatsApp the team on 016 675 8378. A possible sale price and timeframe depend on a review of the property and transaction.
General information only. Confirm your property’s value, loan settlement and transaction costs with the relevant professionals.