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Greetings

Just wanted get some answers on common questions.

Planning to sell my property and also looking into engaging about 3 agents to Market the place. Now my questions are the following:

a. Will I need to pay only the agent that found a buyer for me or I need to pay all of them?

b. I know I need to pay the agent 1%. But just to clarify, is it 1% of the selling price or 1% of the Sold Price?

Appreciate any feedback,
Nino...
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6 Answers

Hi Mr Nino,
For the selling of properties, there are both pros and cons in getting either a solo agent, a few agent or making your property a open listings. firstly, the agent would need to understand the market condition and at the same time a good negotiator in order to assist you to secure a best prices at any given time.
As this transaction involved a big sum, my suggestion would be to engaged a agent you feel comfortable with who is proficient in his/her job.
Do drop me a call or an e mail for a more detailed discussion with no obligation before you commenced with the selling.
CCheers
Rix Jim
 9687 1379 
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Propnex Read More
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Afternoon Nino,

Getting multiple agents to market will unit might drive the agents to sell your unit faster but likely at your expense. The closing agent will be the one to be paid hence the agent who have put in effort but did not close the deal will be wasting their time. Therefore, a competition will take place and you should know what that might mean to you.
As for agent's commission, 1% comm are for buyer's agent and as for seller agent, the comm is at 2%, excluding GST. However, the rate are to be worked out between you and your agent prior marketing the unit.

Do contact me for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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  • NT
    Just for further clarification on this comment of yours...

    As for agent's commission, 1% comm are for buyer's agent

    Do I also need to pay the agent of the buyer?
Hi Nino, you only need to pay to that particular agent who managed to secure a buyer for your unit. The commission payable will be at 2% plus gst. Having multiple agents may not be at your advantage as no agents would likely place your interest first and invest money on newspaper advertisements. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More
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Hi Nino,

As Mike has explained, when you engaged the services of 3 agents to market your property for sale, you may have better exposure, however, the competitiveness may drive the prices down as agent may outbid one another 's pricing, which does not do you any favour. In paying out comissions (seller pay the appointed agent 2% of the transacted price where 7% GST of this amount is applicable), you will definitely want to maximise the prospects of selling high. How about engaging my team where Our assignments are usually comarketed by multiple agents who will be reporting tothe listing IC, and commissions paid will be shared among the team which will take care of your interest and you will have less headache in having to juggle the viewing coordinations with so many people and worse case, same buyer arranging with 2 different agents to view your unit.

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Geryl LIM

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Mobile: +65-81577565  /+65-92787772

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Hi Mr Nino,

Having multiple agents would might lead to price wars, which only poses a disadvantage to you. With the sliding market in view, would you want an even more uncompetitive price for your sale? Since 1 agent will eventually be selling your flat, might as well appoint one to control your price and deliver the best price possible in today's weak market! Commission for Sales is 2% plus GST and for purchase will be 1% Plus GST.

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner to assist you further. Please be rest assured, I will walk you through the entire process. I have been in the industry for many years and have many accolodes to my name. I have been in this industry for many years and just received yet another award just yesterday night for overall Top Achievers for 2014. Such shows my commitment and dedication to my job and my clients welfare.

To value add your understanding, I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live sales transactions caveats for your understanding,share on financial calculations/ loan related matters and make available rental yield projections, if needed as well as future capital appreciation stakes. As the transaction of a property involves matters of finances and legality, I have my partners whom I work closely with to assist you immediately on all queries pertaining to the relevant field, which makes it hassle free!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

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Hi sir / mdm

Good day

For your enquiries

Pls whatsapp to HP 8 2 7 9 - 8 3 2 7 to disccues further.
For all your properties matters. Rent , Sales . Etc
HAVE A GOOD DAY !

Thank you !

Koh Zhen Hon
ORANGETEE & TIE PTE LTD

Property Agent Salesperson Licence Number.R057810C
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