Giving away houses worth millions at the drop of a hat.
Who could possibly resist that?
"What are the asking prices for these two apartments?"
Qi Sheng smiled, nodded, and looked at Guo Qiang.
"I bought a 313-square-meter apartment here before for less than 24,000 per square meter."
"Mr. Qi, the apartment you bought was a difficult sell because the floor plan was too large."
"The developer sold it at that low price to recover capital. The price has since risen to nearly 30,000 per square meter."
Guo Qiang gave a wry smile. "The floor plans for these two apartments are very popular, so I’m afraid the price won’t be easy to negotiate. The owner’s asking price is 30,000 per square meter."
"27,000 is the max. Compared to his purchase price, that still leaves him a profit margin of 10,000 per square meter."
Qi Sheng couldn’t be bothered to haggle over a few hundred thousand, so he sent Guo Qiang to contact the owner.
Unless the owner wasn’t short on cash and had the patience to wait for property prices to rise further,
cashing out while ahead was simply human nature.
"Mr. Qi, the owner has agreed."
Guo Qiang was smiling when he returned.
"Then let’s meet at your office. You’ll be responsible for handling all the paperwork."
Qi Sheng glanced at his watch. It was almost noon.
He could sign the purchase contract and then head straight back to the company.
"You got it. Rest assured, sir, our rates at Regent Real Estate are absolutely reasonable."
When they returned to the Regent Store, Qi Sheng and the others were treated to a grand reception as they stepped out of the Cullinan.
Looking at the agents bustling around, serving them tea and water,
Liu Shiwen and Tang Qian both felt a little out of place.
Once the owner arrived, they quickly completed the purchase process.
The two apartments totaled 482 square meters.
The unit price was 27,000 per square meter, for a total of 13,014,000.
As for the extra bit, the owner readily waived it.
Compared to 13 million, the extra was insignificant.
The agent’s commission was 1%, with each party paying 65,000.
"Mr. Qi, shall we go handle the transfer of ownership now?"
This particular owner happened to be back in his hometown recently; he was usually away on business.
"No problem."
Qi Sheng didn’t need a loan, so he transferred the full amount directly into the real estate agency’s escrow account.
After signing the contract, paying the commission, and setting aside money for the deed tax and other miscellaneous fees,
Qi Sheng’s cash flow was completely drained, leaving him with only 5.2 million.
But that wasn’t all. Qi Sheng also paid five years’ worth of property management fees for each of their apartments.
After a discount, it came out to exactly 200,000.
As for parking spots, the owner had thrown in two for free.
The interior decorating budget for the two apartments was 1.5 million each, totaling another 3 million.
In the end, Qi Sheng only had 2 million left in his account.
"Thank you, honey!"
Liu Shiwen and Tang Qian had both received their red property deeds.
And after each receiving a 1.5 million transfer from Qi Sheng for decorating, they were naturally overjoyed.
"I hope my reward for you two wasn’t a disappointment?"
VERIFYCAPTCHA_LABEL
Comments
The readers' comments on the novel: Tycoon: I Have an Unlimited Modifier