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Guest
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 23 Feb 08 6:53 pm |
Maybe he has a point, reality is 1) agents are as professional as the hawker selling you the Vegetables.
Fact 1 ) All these Real estate companies are Run by People who ae professional at getting sales.
Fact 2) The Agent does not have your interest at heart Only His own/Hers. A professional gets what the client wants, Generally speaking.
Fact 3) Their training lasts weeks.
Fact 4) The work they do, you can do. Do your homework and get good results. I know, i did my own homework and have purchased my home without an agent.
Finally, yes they need to earn a living, but we do not owe them anything, if you engage them, do it while being aware of the risks. If you do your own homework you will have no problems, the HDB website offers comprehensive guide to buyers and you DO NOT NEED AN AGENT! |
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Guest
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22 Apr 08 10:46 am |
Agents are the professionals, not the clients. These clients if they are so knowledgeable, they can sell or buy their unit within a day or a week. Why do they have to engage agents? Agents are Real Estate Consultants who gives you updated news & past transaction details, not a dog or maid for you to command.
<Reply> Agree that agents are not dogs or maids and should not be treated as such. Do not agree that agents can help owner sell house quickly. I know of agents who help owner sell house for 3 months without results until exclusive expire. In the end, owner sold the house on his own within 2 weeks and the lawyer helped him with the conveyancing and paper work. Cheap and easy. <end of reply>
1) Sellers
a) Sellers usually will not want to appoint a sole or exclusive agent. This will affect the seller's interest as different agents under the same open listing will quote different price (some even lower than what the sellers expect) & the sellers have to deal with more than 1 agents calling him almost every day to fix apointment & harrass the sellers. Deal with 1 agent is adviseable as the agent will also co-broke with other agents. It's just like getting married without ROM Cert. The husband & wife can filrt legally but no responsibility needed. No sense of security, right?
<Reply> Wrong! Engaging agents is not like getting married. Signing an exclusive will mean that you cannot change agent if the agent doesn't perform. Open listing encourages competition and whoever that brings the client with the highest price gets the deal. I think this is better, than trying to be monopolistic. <end of reply>
b) Unrealistic sellers who want to sell way beyond the current bank value. Usual reasons being: "My unit will cost much more when it's announced for En-bloc or when there's a new launch nearby or my neighbour sold his house at this price or I can afford to wait for the right time". Come on, if everyone can pay the type of price that the sellers ask for, no one will stay in HDB flats or even have to rent from HDB where the rent is cheaper. For En-bloc buyers, they have many choices (it does not mean that all the en-bloc buyers will be keen on the same properties.) Would you buy a 1995 Mercedes for the price of what the new models are selling? Think about the logic. We get older each day, how long can we afford to wait?
<Reply> Your response is again faulty here. People engage agents rather than sell on their own for probably a few reasons. One of the key reason is the expectations that agents can help them sell their property at a higher price. If they want to sell at low price, why do they want to engage agents?
Sellers who can wait and in no hurry to sell, can wait. They need not be pestered into making fire sale recommended by their agents. House is different from mercedes car. Houses generally appreciate in value over time while cars depreciates in value over time. <end of reply>
c) Paying peanuts to the agents (Standard Comm is 2%, Sellers pay only 1% or less, sometimes never get paid so agents have to advertise "NO CO-BROKE" or "ALREADY CO-BROKE"), sometimes even want to avoid paying GST, which is a requirement by IRAS for many agencies. GST is paid to IRAS, not the agencies. How about your boss cuts your pay by half or not even paying you a salary, would you still work for him? Shame on you.
<Reply> I feel that agents who provide the service need to be renumerated fairly but what is fair to one party may not be fair to another party. The effort and expense put in to sell a low value property can be similar to a high value property. 1% for a big property is a lot a lot of money but 2% for a small value property is very little money in comparison.
I think the industry and agents should move towards a fee based approach and the agent can be assured of a certain fee for selling properties. <end of reply>
d) Agents are also human. They have a family to feed & expenses to pay. They need to collect relevant data, advertise, qualify the buyers, arranging for appointments, follow up on prospective buyers, negotiating with both buyers & sellers for the best offer, paper work, follow up on the process up to the end of the entire transaction. These usually takes 3~6 months from getting the listing to the completion of the sales transaction. It's not easy for the agents as well. They are professional & responsible to do their job & let the clients focus on their work or have a good nights rest.
<Reply> Nobody is saying that agents are not humans. People who work in their jobs are also subject to the wishes of their bosses and customers. No job is easy and agent's job is also not easy. I feel that everyone want to be respected, feel a sense of achievement and get rewarded for their work. <end of reply>
2) Buyers
a) Buyers also have a tenancy to call many agents to serve them as well. This is also disadvantage to the buyers as they will not be able to focus on their work & lack of rest. The agents can help you to release half of your load by calling sellers/agents & qualifying the property, arrange for viewing, offer & negotiate with the seller, Confirm Owner's Status, paper work, follow up on the process up to the end of the entire transaction. These usually takes 3~6 months from getting the listing to the completion of the sales transaction. It's not easy for the agents as well. They are professional & responsible to do their job & let the clients focus on their work or have a good nights rest.
<Reply> I don't think buyers need to call one or many agents. They should just look out for the advertisement and connect to the seller's agent or the seller directly. Ultimately, it is the house that they are after, not finding an agent to act as a in-between for them. <end of reply>
b) Paying peanuts or not even paying the agents, but want super cheap units. The same theory, if your boss pay you peanuts or not paying your salay, would you still work for him? Buyers need to invest on the agents as well so that the agents can get the bet deal for you. Usually the comm is paid by seller, maybe split among co-borke agents. So the logic is, will the agent work for the sellers' or buyers' interest? The answer is quite obvious.
<Reply> No need for buyers to use agent's service. Market prices are published in URA website and information is easily available. All buyers look for good bargain and it is normal. I don't understand why buyers need agent's help. <end of reply>
Any other comments are welcomed. |
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Guest
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23 Apr 08 8:44 am |
Agree that agents should be fee based, not commission based and there is no real need to use agents' services. Owners should advertise and sell on their own and buyers need not get someone to ferry them around.
In this way, a lot of cost can be reduced. I believe agents will not agree. |
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Guest
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07 May 08 12:17 am |
| Sellers & buyers reject unreasonable agents too. |
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Guest
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08 May 08 1:18 pm |
| Agents are mostly bloodsuckers. Period. |
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Guest
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20 May 08 11:06 am |
| Agents also take certain risk in marketing the property. If the property don't sell, they also loose advertising cost. |
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Guest
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29 Jun 08 2:29 pm |
No agent needed. I can sell my own property!
No Lawyer needed. I can do my own contract!
No HDB needed. I can build my own flat!
No CPF needed. I can save my own money!
THIS IS A FREE WORLD! YeH!
I WORK FOR FREE! CALL ME AT 91234567 |
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Guest
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30 Jun 08 8:17 am |
| Anonymous wrote: | No agent needed. I can sell my own property!
No Lawyer needed. I can do my own contract!
No HDB needed. I can build my own flat!
No CPF needed. I can save my own money!
THIS IS A FREE WORLD! YeH!
I WORK FOR FREE! CALL ME AT 91234567 |
Are you trying to sabo the telephone number that you have posted? Almost all your posting arguments are false.
True. You do not need agent to sell or buy properties. If you are seriously interested in working for free, you can volunteer your services at the various charities and community centres. |
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Guest
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29 Jul 08 8:11 am |
| Anonymous wrote: | No agent needed. I can sell my own property!
No Lawyer needed. I can do my own contract!
No HDB needed. I can build my own flat!
No CPF needed. I can save my own money!
THIS IS A FREE WORLD! YeH!
I WORK FOR FREE! CALL ME AT 91234567 |
Everything you stated is false, except the first statement that : No agent needed. I can sell my own property!
Cheers! |
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Guest
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31 Jul 08 1:03 am |
I HATE AGENTS!!! I HATE DEALING WITH THEM!!!
they only look out for the seller side (owners) and not the buyers (tenants) in terms of the unit and contract. they think just because they showed us a few properties......we should immediately go for one. even if we say we need some time to look around.......which we MUST.......they will coax and manipulate us into taking the room.....saying the owner is nice and there is no other place like this......until a few mths later you found out that it was a load of crap.
they act like they are doing an awesome job with market prices, researching for units for us and doing all the paperwork and contract.
I CAN DO IT MYSELF!!!!!!
the only reason i ever had to deal with the agent is not because i want to but simply because the owner uses the agent to market their property.
when i reply to an advertisement for a room or unit........guess what.......the AGENT ANSWERS!!!!!!
I HATE THAT!!!!!
i would rather deal directly with the owner and settle everything myself. at the end of the day, the agent just takes their commission and well.....after that.......you never see them again.
yes we want it cheap..........which is why i am willing to spend the time researching and finding a place myself. i have had good deals for my rooms thats thanks to myself and not the agent. i research myself and negotiate the price and contract myself. |
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Guest
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| Re: Reject unreasonable sellers & buyers |
09 Aug 08 12:03 am |
| Anonymous wrote: | Agents are the professionals, not the clients. These clients if they are so knowledgeable, they can sell or buy their unit within a day or a week. Why do they have to engage agents? Agents are Real Estate Consultants who gives you updated news & past transaction details, not a dog or maid for you to command.
1) Sellers
a) Sellers usually will not want to appoint a sole or exclusive agent. This will affect the seller's interest as different agents under the same open listing will quote different price (some even lower than what the sellers expect) & the sellers have to deal with more than 1 agents calling him almost every day to fix apointment & harrass the sellers. Deal with 1 agent is adviseable as the agent will also co-broke with other agents. It's just like getting married without ROM Cert. The husband & wife can filrt legally but no responsibility needed. No sense of security, right?
b) Unrealistic sellers who want to sell way beyond the current bank value. Usual reasons being: "My unit will cost much more when it's announced for En-bloc or when there's a new launch nearby or my neighbour sold his house at this price or I can afford to wait for the right time". Come on, if everyone can pay the type of price that the sellers ask for, no one will stay in HDB flats or even have to rent from HDB where the rent is cheaper. For En-bloc buyers, they have many choices (it does not mean that all the en-bloc buyers will be keen on the same properties.) Would you buy a 1995 Mercedes for the price of what the new models are selling? Think about the logic. We get older each day, how long can we afford to wait?
c) Paying peanuts to the agents (Standard Comm is 2%, Sellers pay only 1% or less, sometimes never get paid so agents have to advertise "NO CO-BROKE" or "ALREADY CO-BROKE"), sometimes even want to avoid paying GST, which is a requirement by IRAS for many agencies. GST is paid to IRAS, not the agencies. How about your boss cuts your pay by half or not even paying you a salary, would you still work for him? Shame on you.
d) Agents are also human. They have a family to feed & expenses to pay. They need to collect relevant data, advertise, qualify the buyers, arranging for appointments, follow up on prospective buyers, negotiating with both buyers & sellers for the best offer, paper work, follow up on the process up to the end of the entire transaction. These usually takes 3~6 months from getting the listing to the completion of the sales transaction. It's not easy for the agents as well. They are professional & responsible to do their job & let the clients focus on their work or have a good nights rest.
2) Buyers
a) Buyers also have a tenancy to call many agents to serve them as well. This is also disadvantage to the buyers as they will not be able to focus on their work & lack of rest. The agents can help you to release half of your load by calling sellers/agents & qualifying the property, arrange for viewing, offer & negotiate with the seller, Confirm Owner's Status, paper work, follow up on the process up to the end of the entire transaction. These usually takes 3~6 months from getting the listing to the completion of the sales transaction. It's not easy for the agents as well. They are professional & responsible to do their job & let the clients focus on their work or have a good nights rest.
b) Paying peanuts or not even paying the agents, but want super cheap units. The same theory, if your boss pay you peanuts or not paying your salay, would you still work for him? Buyers need to invest on the agents as well so that the agents can get the bet deal for you. Usually the comm is paid by seller, maybe split among co-borke agents. So the logic is, will the agent work for the sellers' or buyers' interest? The answer is quite obvious.
Any other comments are welcomed.
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Well, i have to say if the sellers wanna to sell their units away while nowadays valuation+10kto20k why must enaged an agent since it is quite common these days.of course he will enaged an agent to assist him to sell higher ma.what if my unit wanna to sell val+10k+20K i rather sell my own why we need agents while it is common right nw. |
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happypower
Guest
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| Re: Reject unreasonable sellers & buyers |
09 Aug 08 12:05 am |
| Anonymous wrote: | Agents are the professionals, not the clients. These clients if they are so knowledgeable, they can sell or buy their unit within a day or a week. Why do they have to engage agents? Agents are Real Estate Consultants who gives you updated news & past transaction details, not a dog or maid for you to command.
1) Sellers
a) Sellers usually will not want to appoint a sole or exclusive agent. This will affect the seller's interest as different agents under the same open listing will quote different price (some even lower than what the sellers expect) & the sellers have to deal with more than 1 agents calling him almost every day to fix apointment & harrass the sellers. Deal with 1 agent is adviseable as the agent will also co-broke with other agents. It's just like getting married without ROM Cert. The husband & wife can filrt legally but no responsibility needed. No sense of security, right?
b) Unrealistic sellers who want to sell way beyond the current bank value. Usual reasons being: "My unit will cost much more when it's announced for En-bloc or when there's a new launch nearby or my neighbour sold his house at this price or I can afford to wait for the right time". Come on, if everyone can pay the type of price that the sellers ask for, no one will stay in HDB flats or even have to rent from HDB where the rent is cheaper. For En-bloc buyers, they have many choices (it does not mean that all the en-bloc buyers will be keen on the same properties.) Would you buy a 1995 Mercedes for the price of what the new models are selling? Think about the logic. We get older each day, how long can we afford to wait?
c) Paying peanuts to the agents (Standard Comm is 2%, Sellers pay only 1% or less, sometimes never get paid so agents have to advertise "NO CO-BROKE" or "ALREADY CO-BROKE"), sometimes even want to avoid paying GST, which is a requirement by IRAS for many agencies. GST is paid to IRAS, not the agencies. How about your boss cuts your pay by half or not even paying you a salary, would you still work for him? Shame on you.
d) Agents are also human. They have a family to feed & expenses to pay. They need to collect relevant data, advertise, qualify the buyers, arranging for appointments, follow up on prospective buyers, negotiating with both buyers & sellers for the best offer, paper work, follow up on the process up to the end of the entire transaction. These usually takes 3~6 months from getting the listing to the completion of the sales transaction. It's not easy for the agents as well. They are professional & responsible to do their job & let the clients focus on their work or have a good nights rest.
2) Buyers
a) Buyers also have a tenancy to call many agents to serve them as well. This is also disadvantage to the buyers as they will not be able to focus on their work & lack of rest. The agents can help you to release half of your load by calling sellers/agents & qualifying the property, arrange for viewing, offer & negotiate with the seller, Confirm Owner's Status, paper work, follow up on the process up to the end of the entire transaction. These usually takes 3~6 months from getting the listing to the completion of the sales transaction. It's not easy for the agents as well. They are professional & responsible to do their job & let the clients focus on their work or have a good nights rest.
b) Paying peanuts or not even paying the agents, but want super cheap units. The same theory, if your boss pay you peanuts or not paying your salay, would you still work for him? Buyers need to invest on the agents as well so that the agents can get the bet deal for you. Usually the comm is paid by seller, maybe split among co-borke agents. So the logic is, will the agent work for the sellers' or buyers' interest? The answer is quite obvious.
Any other comments are welcomed.
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Guest
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12 Aug 08 11:55 am |
Buyers can refuse to pay comm by working on the simple paper work on their own. After all, those who get lawyer, the lawyer will do the conveyancing work for them. No need agent.
For sellers, there are already more agents asking for 0.5% comm, moving away from the high comm rates in the abolished guidelines. I think better to work on fee based approach so that agents charged based on a fixed fee for their service. |
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Guest
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12 Aug 08 11:45 pm |
use agent as a shield to ask for HIGH prices when sell. use a agent to PRESS price down when buy.....
the flat or house already factor in their commission la.......look at the big pictures. their comm are peanuts if u can get it at yr ideal price or else they are useless in this technology age. who do not know how to fill in the blanks , etc ....not as if cancer or disease need a cure la...  |
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Guest
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16 Sep 08 1:51 pm |
| UzUZgO gps34JsDl901Wp4kV |
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Guest
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19 Sep 08 1:50 pm |
come on....if u think u cant do it get a agent....
if u think u are so good in it
do it urself |
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