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 05 Apr 08 4:39 am |
| very confusing right? alot of things to do right? i think its worth paying agents the comm rather than doing it yourself because its very tedious and u had no knowledge of doing it. unless you are really so free u go HDB HUB ask la.. |
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06 Apr 08 5:51 pm |
| you may take hdb course to learn more on DIY |
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08 Apr 08 5:12 pm |
| Anonymous wrote: | | very confusing right? alot of things to do right? i think its worth paying agents the comm rather than doing it yourself because its very tedious and u had no knowledge of doing it. unless you are really so free u go HDB HUB ask la.. |
all agents know are the procedure of transaction which anyone can learn,
it is not confusing or difficult. just have to spend some time to learn from HDB.
Most ppl will rather spend one day at HDB and save $3K on agent's fees, unless you can earn more than 3K a day...
i think agent's fee shld be reduced to ard $200 for HDB & $500 for pte since it's a no brainer job. I can gather all the rubbish collectors in SG and train them to do as good a job as most agents in SG.
even valuer who is more qualified and at least a degree holder only charge a few hundred for valn report... and it takes more work to do a report than to keep posting ads online and everyday post a "UPZ" to bump up their pathetic thread  |
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13 Apr 08 1:36 am |
| Anonymous wrote: |
even valuer who is more qualified and at least a degree holder only charge a few hundred for valn report... and it takes more work to do a report than to keep posting ads online and everyday post a "UPZ" to bump up their pathetic thread |
lol
Wont say its that simple for agents...but the way you put it is funny indeed. |
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15 Apr 08 8:23 am |
I think the difficult part is not on the documentation. HDB has clear instructions and HDB is very responsive and helpful. For pte ppty, you can approach lawyer to help you transact. Even agents will also merely recommend lawyers.
To be fair to agents, I think their value add for sellers is to find buyers and encourage them to buy. These sales talk to buyers can sometimes be very taxing on their time and requires some good EQ. As to the amount that they are entitled to earn, I feel that a fee based service is more tenable than commission based. A small ppty requires the same amount of advertising fees compared with a bigger ppty but the bigger ppty pays much higher quantum (although comm is the same rate).
For buyers, I really don't think that agent can provide much value add but some may disagree. |
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23 Apr 08 5:16 pm |
i personally agree that agents do not contribute much value add at all to the process. The most they merit is a fee-based income.
Most of the effort my agents did in the past were simply to
1) screen calls for me
2) answer simple questions to which answers can be found on the ad already
3) meet the tenants/buyers at the lobby and bring them up the lift (bcos the agents wants to ensure that it is anot another agent thats turns up at the door.)
i think besides the 1st function, the rest are really dumb stuff and from my buying experience, some of these agents are plain rude/hostile/arrogant and stuckup!
really not sure where the EQ part comes in from the previous post.. |
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25 Apr 08 8:20 am |
Then why are pple still using agents to sell their houses, with agents demanding exclusive agreement?
My friend told me that if he tries to sell by himself, he got many phone calls from agents. Quite a harassment. so in the end, he gave up and let agent sell for him. Like you, he felt that the service is really just advertise, answer phone calls and bring clients to the house, explain all the obvious stuff. |
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07 May 08 12:13 pm |
The key is to screen prospective buyers / their agents and keep out the riff-raff. If you don't employ your agent, you'll find many scumbags trying to muscle you into using their services and paying them a commission.
You need to be hard headed but patient about this. All the stuff the agents do can be done by you. In fact I had such bad experiences with seller's agents walking away after the 1st appt when they get their commission - such guys are in it just for a quick buck and to hell with the clients. With the market the way it is today it's hard to find honest trustworthy agents.
Most important : Engage a good law firm. This is critically important. You can get shafted by the buyer, his agent or his lawyer - you need solid legal support if this happens (as has happened to me). |
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07 May 08 12:15 pm |
| As to why people are "still using agents" to sell their houses, it's all a matter of convenience. Let the agent screen calls, show the property, and deal with the paperwork and other hassles. For some, this may be worth spending that $5-7k commission. |
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02 Jun 08 10:00 pm |
My last transaction was done using a lawyer to handle the paper work. You pay around $3k for it but you skip the agent's commission.
But you must be the one donig the agent's job of screening calls, arranging for appointments to view and answering questions by the prospective buyers, doing paper work with your lawyer and the buyer's lawyer.
If you have a daytime job, it might be hard for you to do it and it might not justify the cost savings achieved without an agent. |
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03 Jun 08 5:07 pm |
| Can anyone recommend a reputable law firm to transact the sale of private property? How much do they charge? I thought of selling my property and hope to save some $$ by doing it on my own, not sure if it's easy, hope to get some tips here. Tks. |
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06 Jun 08 3:49 pm |
| I came across some real estate courses, like CEHA offered at community club, even company like ERA also offer some form of real estate training at a cost ($500+). If I take up such courses & pay the fees, does it mean I will be able to handle a sale/purchase of property? Basically, I want to try to buy/sell my own property myself. Anyone can offer advice? |
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24 Jun 08 3:48 am |
its not easy la..face it,i heard agents studied and definitely have more knowledge den us wat
wat no brainer job? if really no brainer and so easy money den u shd be doing wat instead of talking in here. |
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25 Jun 08 8:30 am |
| Anonymous wrote: | its not easy la..face it,i heard agents studied and definitely have more knowledge den us wat
wat no brainer job? if really no brainer and so easy money den u shd be doing wat instead of talking in here. |
Actually this job is a nobrainer lah. If HDB flat, go read the procedure at HDB website. If still don't understand, go to HDB office customer service, they will tell you step by step. No problem with transacting.
For private housing, lagi easy. Just get a lawyer to do the conveyancing work for you. Seller accept deposit and give a written promise to sell the house, if the buyer proceeds the sale within 3 weeks. Call lawyer and everything will be taken care of.
We agents have our value add. We need to sweet talk buyers into buying. We need to sweet talk sellers into signing exclusive with us so that commission will come to us when there is a sale.
We also have to advertise in newspaper, arrange viewing and answer obvious questions from buyers, etc.. End of the day, we earn our money because we have good interpersonal skills lah. This is agent's value add. Transacting is only a small and no brainer part.
Just my view. |
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29 Jun 08 10:08 am |
| If you can take slap on the face and still smile, sell your own property. If you can take shit and still smile, sell your own property. If you you think selling a property is easy, sell your own property. GOOD LUCK, MY FRIEND! |
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30 Jun 08 1:22 pm |
| Anonymous wrote: | | If you can take slap on the face and still smile, sell your own property. If you can take shit and still smile, sell your own property. If you you think selling a property is easy, sell your own property. GOOD LUCK, MY FRIEND! |
You real or not?
Never know that agents got slapped in the face and smile. Is it true? I know so many agents all damn nasty.
Never know that agents take shit and still smile. Is it true? I know of a few agents who are damn greedy, keep asking me to incentivise them by increasing their comm if they hit the target of selling at valuation.
Agree on the last statement. Those who think selling a property is easy, should sell on your own. |
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01 Jul 08 8:16 am |
I agree that with one of the posting that transacting is easy part of the agent's job. It is getting good offers for sellers and finding cheap offers for buyers that is difficult.
Talking to people to convince them to buy or sell at realistic prices also damn difficult. I think good interpersonal skills help. |
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