HDB Resale - Do you really need to engage real estate agents?
One of the best myths in Singapore is real estate agents are needed for buying and selling of properties. As such, real estate agencies have thrived on this myth.
The fact is real estate agents are not a must. HDB buyers & sellers can do the buying or selling on their own. In fact, it is not difficult at all! Click here for a HDB webpage explanation.
Of course, if you do not have the time, engaging agents might be your preferred choice. A good agent could also negotiate a favourable price for you.
One of the best myths in Singapore is real estate agents are needed for buying and selling of properties. As such, real estate agencies have thrived on this myth.
The fact is real estate agents are not a must. HDB buyers & sellers can do the buying or selling on their own. In fact, it is not difficult at all! Click here for a HDB webpage explanation.
Of course, if you do not have the time, engaging agents might be your preferred choice. A good agent could also negotiate a favourable price for you.
However, bear in mind that an agent’s commission is typically 1% of the selling price. For example, for $500k selling price, the agent’s commission is $5k! How many hours do you need to work to earn this amount?
If you are a buyer, will your agent be interested in negotiating a lower buying price for you since his/her commission is proportional to the selling price? How do you encourage your agent to negotiate in your favour? Check this out in our book.
If you are a buyer, will your agent be interested in negotiating a lower buying price for you since his/her commission is proportional to the selling price? How do you encourage your agent to negotiate in your favour? Check this out in our book.
No comments:
Post a Comment
Thank you for your comment.
Your comment would be reviewed by us before appearing on the page. Do come back and check for our response.
Cheers!