Page 5 of 14 FirstFirst 1234567891011121314 LastLast
Results 41 to 50 of 131

Thread: Lilydale

  1. #41

    Default

    Quote Originally Posted by Sgysfj
    I have realised tis.. However how many agents r wiling to work n take on the job on the performance based tingy
    of coz tell them 2 % comm first lah...

    let say asking price 1mil...if he really fetch 1mil...den u willingly pay 2% full comm mah....if lower den tat say only 1%...fetch more share share lah

  2. #42

    Default

    Quote Originally Posted by devilplate
    of coz tell them 2 % comm first lah...

    let say asking price 1mil...if he really fetch 1mil...den u willingly pay 2% full comm mah....if lower den tat say only 1%...fetch more share share lah
    do agent accept if I offer tis way? Always tot the 2% is standard.

  3. #43

    Default

    Quote Originally Posted by Sgysfj
    do agent accept if I offer tis way? Always tot the 2% is standard.
    comm can nego one....in a way can test whether tat agt gd at negotiating anot like pressing down his comm....haha

    if a agt readily accept 1% comm...means CMI

  4. #44

    Default

    Quote Originally Posted by devilplate
    comm can nego one....in a way can test whether tat agt gd at negotiating anot like pressing down his comm....haha

    if a agt readily accept 1% comm...means CMI

    Will try tis shld we decide to engaged another agent...
    Actuali I'm quite keen to try rattydrama's way to selling n the way she handle the agent.havg said tat, I'm afraid my Missus get fed up again shld d selling falls tru again becoz of agent!!!

    Haizzz in a dilemma la..

  5. #45

    Default

    Quote Originally Posted by gohsoonk
    As far as possible, buy first and then sell your existing apartment...
    Bank loan will be an issue if you dont have the OTP for the house you wanna sell and owner will be pressured to sell.

  6. #46

    Default

    Sgysfj

    Share with you more while its still fresh in my mind for the HDB sales.

    You must do a bit of home work for your current house.

    Have you done a valuation? U need to pay $180.

    You can ask the agent what is his strategy of handling the valuer when they are here. If your unit is renovated, valuation price can be higher. It is important to get a high valuation.

    You also need to find out what is the recent transacted price of your neighbour house. You can ask your potential agent to show you a copy of the OTP contract selling price of his recent sales similar to your unit. Similar can mean same size, same level, same facing, same location.

    Also read up on classified page in the straits times how many flats of same or close as yours are on sale. You can call to find out the asking price or the last offer price. Pretend that you are the potential buyer and ask as many questions as possible such as is the unit renovated, price negotiable etc..

    property guru may not be a good gauge as the price may be inflated or too low. It does not really tell the current market price of your unit due to many reasons which I shall not elaborate here.

    So, in this way you will know the price range that your unit will be sold. It will mean that:

    X price = sure sell
    Y price = can sell but need to wait
    Z price = agent got to work super hard, not impossible.

    and finally your price A.

    Ask the agent, what is the price he is confident of selling before signing the exclusive. (very important! If he cannot sell later, suan him hard hard)

    So you price your asking price accordingly and for the rest, read my previous post on how to deal with agent.


    Get an agent that has been dealing with your estate only. Dont get agent who deals with several estates as he may not have the feel of the market price of your unit.

    This is because, agent familiar with your estate will know all the prices of his competitors and will probably have a strategy of how to close a deal, he is familiar with the estate and is able to response swiftly to potential buyer or even buyer's agent tones of questions. In this way your agent has upper hand to influence the buyer's agent and ultimately the buyer.

    During the open house, pls ask your kids to play around yr house,make it as cosy as possible, buy few BMWs toy cars to show that you are well off as this will leave an impression to your potential buyer.

    Try to engage the house viewers. Talk to them and tell them how convenient it is from your place to market etc.... Be friendly. If they ask why you sell, just say that upgrading to private in D 9,10,11 and share with them your views on ppty market. (I din say that thou)

    Keep your house in clean and tip top conditions. on all your aircons 15 minutes before viewings and switch on all lights to make the whole house as bright as possible. Best is install few down lights it will really lighten up your place.

    If your house is west facing, dont arrange house viewing in the late afternoon. Do it after 7pm or before 11am.
    Last edited by rattydrama; 22nd October 2010 at 01:21 AM.

  7. #47

    Default

    Rattydrama

    thanks alot. U have been a great help. This will sure help me plan my strategy better.

  8. #48

    Default

    I thought of performance based as well...and I think it works if I am in the shoes of the agent...

    Fixed commission
    x price or less = 1%

    Tier commission
    105% of x price = 1.5%
    110% of x price = 2%
    For every 5% increment of 110% of x price onwards, agent gets additional 1%. Sounds good?

    Set x price based on URA caveats + 5%. hee hee...

    Quote Originally Posted by Sgysfj
    I have realised tis.. However how many agents r wiling to work n take on the job on the performance based tingy

  9. #49

    Default

    Quote Originally Posted by gohsoonk
    I thought of performance based as well...and I think it works if I am in the shoes of the agent...

    Fixed commission
    x price or less = 1%

    Tier commission
    105% of x price = 1.5%
    110% of x price = 2%
    For every 5% increment of 110% of x price onwards, agent gets additional 1%. Sounds good?

    Set x price based on URA caveats + 5%. hee hee...


    Don't tink my nego power so good to get agent to agree to such offer.
    Tink I will jus nego to pay a lower commision if the price is lower than x...

  10. #50

    Default

    Have engaged a new agent.let's see how tings goes. Tis time I am armed wif beta knowledge of the process... Hope tis time noting go wrong n I can start to look for a new plc to buy


    Quote Originally Posted by rattydrama
    Sgysfj

    Share with you more while its still fresh in my mind for the HDB sales.

    You must do a bit of home work for your current house.

    Have you done a valuation? U need to pay $180.

    You can ask the agent what is his strategy of handling the valuer when they are here. If your unit is renovated, valuation price can be higher. It is important to get a high valuation.

    You also need to find out what is the recent transacted price of your neighbour house. You can ask your potential agent to show you a copy of the OTP contract selling price of his recent sales similar to your unit. Similar can mean same size, same level, same facing, same location.

    Also read up on classified page in the straits times how many flats of same or close as yours are on sale. You can call to find out the asking price or the last offer price. Pretend that you are the potential buyer and ask as many questions as possible such as is the unit renovated, price negotiable etc..

    property guru may not be a good gauge as the price may be inflated or too low. It does not really tell the current market price of your unit due to many reasons which I shall not elaborate here.

    So, in this way you will know the price range that your unit will be sold. It will mean that:

    X price = sure sell
    Y price = can sell but need to wait
    Z price = agent got to work super hard, not impossible.

    and finally your price A.

    Ask the agent, what is the price he is confident of selling before signing the exclusive. (very important! If he cannot sell later, suan him hard hard)

    So you price your asking price accordingly and for the rest, read my previous post on how to deal with agent.


    Get an agent that has been dealing with your estate only. Dont get agent who deals with several estates as he may not have the feel of the market price of your unit.

    This is because, agent familiar with your estate will know all the prices of his competitors and will probably have a strategy of how to close a deal, he is familiar with the estate and is able to response swiftly to potential buyer or even buyer's agent tones of questions. In this way your agent has upper hand to influence the buyer's agent and ultimately the buyer.

    During the open house, pls ask your kids to play around yr house,make it as cosy as possible, buy few BMWs toy cars to show that you are well off as this will leave an impression to your potential buyer.

    Try to engage the house viewers. Talk to them and tell them how convenient it is from your place to market etc.... Be friendly. If they ask why you sell, just say that upgrading to private in D 9,10,11 and share with them your views on ppty market. (I din say that thou)

    Keep your house in clean and tip top conditions. on all your aircons 15 minutes before viewings and switch on all lights to make the whole house as bright as possible. Best is install few down lights it will really lighten up your place.

    If your house is west facing, dont arrange house viewing in the late afternoon. Do it after 7pm or before 11am.

Posting Permissions