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 13 Oct 08 11:16 am |
| Anonymous wrote: | Your house made of gold, why 400K?
Please talk sense!
There is such thing called 'Market Value".
| Anonymous wrote: | | Not only buyer's paying 1% does not make sense, even seller's paying 2% also does not make sense. Selling a 400K flat is 8K to agents, just for simple paper work. Crazy!! |
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Oh you mean all houses around the central area are made of gold??? Cheh! i wonder who is this fool making such foolish comments here???  |
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13 Oct 08 11:20 am |
| Anonymous wrote: | | Anonymous wrote: | Your house made of gold, why 400K?
Please talk sense!
There is such thing called 'Market Value".
| Anonymous wrote: | | Not only buyer's paying 1% does not make sense, even seller's paying 2% also does not make sense. Selling a 400K flat is 8K to agents, just for simple paper work. Crazy!! |
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Oh you mean all houses around the central area are made of gold??? Cheh! i wonder who is this fool making such foolish comments here??? |
I think nowadays 400K is not much leh...Punggol central, the one near MRT...the valuation is already more than 400K leh...for 5 room lah i mean... |
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13 Oct 08 11:22 am |
| Anonymous wrote: | | Anonymous wrote: | Your house made of gold, why 400K?
Please talk sense!
There is such thing called 'Market Value".
| Anonymous wrote: | | Not only buyer's paying 1% does not make sense, even seller's paying 2% also does not make sense. Selling a 400K flat is 8K to agents, just for simple paper work. Crazy!! |
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Oh you mean all houses around the central area are made of gold??? Cheh! i wonder who is this fool making such foolish comments here??? |
or this fooli$h guy doesn't even know that flats at certain areas do have higher market values... sad... he/she must be an ignorant staying at ulu places... |
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13 Oct 08 3:02 pm |
I thinkn we can stop this thread from carrying on......... As the market is going from bad to worst....... Buyer are definitely restraining themselve from entering the market now. With lesser buyer(buyer market), the agent can just sit and tkk (tang gu gu) for durian to drop. Then again, for 1% commision to the agent from buyer.....
In time to come, the agent will offer to you not be taking a single cent so long as they close the deal.......
Talk about market value, some of them just wanna lift themselve high. Stating the job they do is something "WE" don't know how to do.
Time is bad, the more we should look after our wallet. The commission to be given to agent not doing any jobs should be waived...... No.... in fact there should never be such a practise. |
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13 Oct 08 3:05 pm |
In fact, I think the next thread that may be replacing this will be from the seller........"Should you pay 2% commission to the agent if you bring your own buyer?"........
To those arrogant agents......... WAKE UP YOUR IDEA |
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13 Oct 08 3:22 pm |
| Anonymous wrote: | In fact, I think the next thread that may be replacing this will be from the seller........"Should you pay 2% commission to the agent if you bring your own buyer?"........
To those arrogant agents......... WAKE UP YOUR IDEA |
Wah lao e...why should you pay 2% if you already got a buyer?? just walk down to HDB with the buyer and complete it lah...not difficult leh...
The next thread should be "Do we really need an agent?" |
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13 Oct 08 3:29 pm |
Good one bro. I totally agree that we don't need any agent for HDB flat transaction. They are redundant. How much does it cost to post your property in sg-house.com? How much it cost to post in st701? How much does it cost to post in strait-time(just a small column)?
How much it cost to engage an agent and pay them that large amount of commission? |
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13 Oct 08 5:48 pm |
Conclusion as of 13 October 2008
"AGENTS ARE NOT NEEDED" |
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14 Oct 08 12:50 am |
| Anonymous wrote: | Conclusion as of 13 October 2008
"AGENTS ARE NOT NEEDED" |
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14 Oct 08 11:24 am |
| In bad time, you will see agent treating you like king. Haha. Rude arrogance agent............ you can either stay home sleep or be our dog. haha |
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14 Oct 08 11:29 am |
| Anonymous wrote: | | In bad time, you will see agent treating you like king. Haha. Rude arrogance agent............ you can either stay home sleep or be our dog. haha |
Woahh...that is a very strong word indeed to have ever come out from an educated person?? I myself don't like agents but if you critise them like that, doesn't it make you on par as those arrogant agents? |
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14 Oct 08 11:41 am |
| 以毒攻毒. Anyway, I'm not saying agent as a whole. Only those minority, the black sheep. |
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14 Oct 08 12:54 pm |
Agents are neccesary for the uneducated or the rich to do the transcation for them. Uneducated the reason is obvoious, the rich cant waste thier time with minor work hence they dont mind paying,
But for the middle class like most of us, mostly educated with diploma at least. we definately know how to settle the paperwork. and HDB even conducts a 1/2 day on how to sell/buy your property on your own.
It saves the seller 2% and the buyer 1%
Based on a 400000 house thats total of 12k savings.
Yes they can garentee you the air con works and stuff, but i think 4 k can easily buy you new air cons and stuff |
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14 Oct 08 1:01 pm |
| I really think there is no reason for buyer to pay commission to agents, just like the practice in PTE property. This thread has to be continued so that more buyers understand the rationale of it and stop paying comm to agents! |
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14 Oct 08 1:54 pm |
| Keep it going. no Comm for agent |
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14 Oct 08 2:29 pm |
I am a strong supporter of this thread. However I just called an agent regarding a flat. He told me that the flat was sold and asked me if I am interested in other flats around the blah blah blah area..... I told him that I do not wish to waste his time as I will not pay commission to agents. He told me that it is a standard rule to pay commission to agents if I am buying HDB. I then popped him the question why don't i need to pay to agent if I am buying a private property. The reason he gave me is that buyer's agents normally will get a cut of the commission from the seller's agents when dealing with private property.
Although in this thread, we had discussed so much on not paying commission to the agents, but in reality these agents have not woken up from their beggars' dreams. I felt helpless now as I know if I do not pay those agents, I may not be able to secure the flat of my choice. Any advice? |
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14 Oct 08 2:44 pm |
| Anonymous wrote: | I am a strong supporter of this thread. However I just called an agent regarding a flat. He told me that the flat was sold and asked me if I am interested in other flats around the blah blah blah area..... I told him that I do not wish to waste his time as I will not pay commission to agents. He told me that it is a standard rule to pay commission to agents if I am buying HDB. I then popped him the question why don't i need to pay to agent if I am buying a private property. The reason he gave me is that buyer's agents normally will get a cut of the commission from the seller's agents when dealing with private property.
Although in this thread, we had discussed so much on not paying commission to the agents, but in reality these agents have not woken up from their beggars' dreams. I felt helpless now as I know if I do not pay those agents, I may not be able to secure the flat of my choice. Any advice? |
This is what i have been saying...at the end of the day...you no matter what gotta pay the seller agent if you engage him directly. If you dun pay him, he can increase the COV and you end up gotta pay more stamp fee and those stuff...unless you engage direct seller then you dun need to pay but again...can you guarantee that the seller wont be asking for much? Went to direct seller before..although no agent involved but the seller asking for 25K...reason? Cos no need to pay agent...thats quite a lame excuse to be honest... |
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14 Oct 08 2:48 pm |
In actual fact, Seller have to play a part as well. For a transaction to take place, It required ONLY 2 parties Owner and buyer. If only seller are willing to take their time do their own marketing and selling, There will not be a need to involve a 3rd party which in most of the case the agent.
The fact and reality is owner/seller have given too much authority and power to the agent. And these agent simply make use of the power and authority to earn them illegitimate money in this sense the buyer's comm.
As a fact or the term "agent". He/she should only represent 1 party and should look at the interest of the party they represent, hence they were given commission. For this case, the buyer's comm to agent, it really only seems to me as a "bribery" so that the agent will sell you the house.
Without owner giving so much authority to the agent, they will have no say of the commission from the buyer.
Owner, do also bare in mind that there are agent out there who simply sell the flat to buyer who give them the highest comm and not the buyer who give them the highest price.
In a fair transaction between seller and buyer, due to the interference of agent, money have been wasted paying for the commission. E.g. 300k 4 room flat, the agent without co-broke would easily earn 9k from the transaction. If seller and buyer can DIY, they would have save the 9k for other purpose.
Anyway, the market now dun actually belong to buyer or the seller...... it belong to the agent. Property market hot = Agent represent seller = agent bare no cost for the property = agent earn commission.
In time to come the scenerio will be different I think.
Anyway, for any seller reading this....... I hope you these make some sense to you.
If we DIY, we save a few grands which can be use for holidays or more furniture.
Really, I don't see the needs to pay agent commission when it is something you can do and it can save you such a big amount of money. |
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14 Oct 08 2:57 pm |
| Anonymous wrote: | In actual fact, Seller have to play a part as well. For a transaction to take place, It required ONLY 2 parties Owner and buyer. If only seller are willing to take their time do their own marketing and selling, There will not be a need to involve a 3rd party which in most of the case the agent.
The fact and reality is owner/seller have given too much authority and power to the agent. And these agent simply make use of the power and authority to earn them illegitimate money in this sense the buyer's comm.
As a fact or the term "agent". He/she should only represent 1 party and should look at the interest of the party they represent, hence they were given commission. For this case, the buyer's comm to agent, it really only seems to me as a "bribery" so that the agent will sell you the house.
Without owner giving so much authority to the agent, they will have no say of the commission from the buyer.
Owner, do also bare in mind that there are agent out there who simply sell the flat to buyer who give them the highest comm and not the buyer who give them the highest price.
In a fair transaction between seller and buyer, due to the interference of agent, money have been wasted paying for the commission. E.g. 300k 4 room flat, the agent without co-broke would easily earn 9k from the transaction. If seller and buyer can DIY, they would have save the 9k for other purpose.
Anyway, the market now dun actually belong to buyer or the seller...... it belong to the agent. Property market hot = Agent represent seller = agent bare no cost for the property = agent earn commission.
In time to come the scenerio will be different I think.
Anyway, for any seller reading this....... I hope you these make some sense to you.
If we DIY, we save a few grands which can be use for holidays or more furniture.
Really, I don't see the needs to pay agent commission when it is something you can do and it can save you such a big amount of money. |
if you look for seller point of view....he can tell his agent that he wants to have 20K COV...and it is up to the agent to earn his own commission? If the agent can sell 30K COV, then the agent will earn 10K and the owner get what he wants as well...both win win situation for them...the buyer is the one at the losing end...as a seller, why would you bother to do those works when you can have someone work for you and still get what you want? does that make sense? |
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