DIY sell yr own home

[KARTer]

I think what MND implies is to let people know that there is avenues for people to DIY selling own houses and need not go through agent as some people ( mountian tortise or what ) don't even know can DIY sell house. [laugh]

Its quite understandable why sellers (especially first timers) prefer to use the service of an agent coz the amount of money involved in the deal is usually the single most EXPENSIVE item by a big margin in his/their possesion.

 

On the other hand, if an A levels guy can learn and go thru the forms, processes etc to do a deal, many of us should be able to do it also. The question is: do we have the time, and do it chop-chop?

Edited February 14, 2012 by KARTer

[Cerano]

What makes you think the agent will get for you the best price ? It doesnt make diff on his comm with the 20/30K. to him/her is to just close the dea. My 3 cents.

 

That would be unprofessional. Any proper agent thats not fly by night knows that new listings are just opportunities for return customers who are very happy with you. Just have to surprise them everytime

[Cerano]

If i am willing to pay 2%, would these top agents accept a non exclusive arrangement? The issue is there is no way the owner will know who can perform.

 

Its dependent on agent to agent. Some do some dont. The key is finding a good one. Same thing about workshops, you just have to find the right one by chance

[Cerano]

Most agents request 2%. Its the seller's choice actually, pay 1% and get a shabby agent, or 2% and smash the record price. Ultimately, owners who does their homework know who to engage.

 

well said but nowadays alot of agents going for 1%

[Cerano]

i have a different experience and sold my pte properties diy... open house (i dictate the date/time) and pick up calls as per my advertised time-period. Unless the market is really bad/slow for seller, otherwise it is not as hard as some may imagine. Of course, the types and values of the properties may affect the difficulty or ease in doing diy sales.

 

In between diy deals, i use one particular agent who is hardworking, resourceful, and full of initiatives. She deserves to earn her fees from me.

 

Also, if the seller is a busy business man or elite dealing with other money making business making tens of thousands / millions every hour, he may not want to spend time and energies on properties deals and therefore chooses to use agents to do the work for him.

 

Thats the key you see, some fantastic agents can seriously set record prices. I didnt believe it too but then i realised thats how people set those prices in newspapers.

 

Furthermore, many agents go the further mile by helping u with matters. For example rental matters even searching for new fridge and all

[Mercur1al]

well said but nowadays alot of agents going for 1%

 

The 1% agents are still aplenty on the market, i agree with u.

 

However, just like footballers, the top ones command a top salary and transfer fee, the less capable ones settle for less.

 

There will definitely be exceptions, top agents who command a modest fee, but in general, pay peanuts, get monkey.

[Scb11980]

for me i think its about not being penny wise pound foolish

 

You save 5k in commission but you lose 20-30k or more in potential pricing or discounts. Wouldnt that be silly? Alot of fellas nowadays think they can do better but just like freight forwarding (leave the hard stuff to the agents). Sure you can do yourself but what are you risking

 

 

my 2c

 

 

TELL THAT to throttle

[Jj5599]

today read the papers.......noted a column on how to sell yr house w/o gg thru pty agents......but the article only state briefly......anybody knows the

 

detailed steps on doing it.......like step 1........till step X......anyone can advice?????????? any website to see?????????

 

You are selling private property? If so I can let you know, its very easy.

[Scb11980]

That would be unprofessional. Any proper agent thats not fly by night knows that new listings are just opportunities for return customers who are very happy with you. Just have to surprise them everytime

 

BS nearly all agents just want to close the deal

 

without a close deal there is NO commission be it lower or higher price

 

in all my encounters with agent ZERO have demonstrated professionism

 

in fact if not for my soft heartedness i would have reported them to the authorities

 

[Asd78]

Exclusive agent might not act on your best interests.

They can chose to ignore the highest offer price but less co-broke from the buyer agent and instead persuade you to accept a lower offer price with higher co-broke commission.

 

I quote 1 example...personal experience....I was selling this city fringe 3bedrm hdb. They wanted $75k cov for it and the hse is in original condition like it was 30yr ago with only repainting and electrical wiring redone. Managed to get $60k cov for it which was the highest price there. A record already but she refuses to accept. so the buyer bought another unit next blk for $50k cov and this owner of mine is still waiting to sell her hse...it has been like 8mths already...with market softening, doubt she ever get $75k cov for that hse....we already forewarned her this would happen but she got too greedy....original deal was $60k, then when someone offer $55k, she wanted to increase to $75k...

[Scb11980]

Thats the key you see, some fantastic agents can seriously set record prices. I didnt believe it too but then i realised thats how people set those prices in newspapers.

 

Furthermore, many agents go the further mile by helping u with matters. For example rental matters even searching for new fridge and all

 

searching for new fridge does not command thousands of dollar of commission

 

 

[Asd78]

No , i am not.. i am an accountant.. i wish to be one so that i dont have to slog and balance the company's book.

I just wana take care of my own P&L. It looks easy especially in a bullish pty mkt like now.

 

 

if you thk its easy, do take the jump and tell me in 6mths time whether its worth it or nt...

[Jj5599]

BS nearly all agents just want to close the deal

 

without a close deal there is NO commission be it lower or higher price

 

in all my encounters with agent ZERO have demonstrated professionism

 

in fact if not for my soft heartedness i would have reported them to the authorities

 

Bro don't say that. There are alot out there with integrity.

[Davinci]

The 1% agents are still aplenty on the market, i agree with u.

 

However, just like footballers, the top ones command a top salary and transfer fee, the less capable ones settle for less.

 

There will definitely be exceptions, top agents who command a modest fee, but in general, pay peanuts, get monkey.

 

I don't need Messi or Ronaldo, maybe Henry will be good enough. Cheap, effective and on target.

Also when market is good, even monkey can sell your property.

[KARTer]

Thats the key you see, some fantastic agents can seriously set record prices. I didnt believe it too but then i realised thats how people set those prices in newspapers.

 

Furthermore, many agents go the further mile by helping u with matters. For example rental matters even searching for new fridge and all

i must agree those extra miles are really welcome by clients, eventhough such agents take some kickbacks from suppliers/contractors who sell the items (fridge etc). The agents i came across even volunteer to mob/sweep the floor themselves!!

 

Some really know how to sweet talk the other party to achieve better than expected prices for us as you mentioned. Somehow, i find more than half of the agents i met are not as good, so when i see such good agents, i grab

 

 

[Davinci]

i must agree those extra miles are really welcome by clients, eventhough such agents take some kickbacks from suppliers/contractors who sell the items (fridge etc). The agents i came across even volunteer to mob/sweep the floor themselves!!

 

Some really know how to sweet talk the other party to achieve better than expected prices for us as you mentioned. Somehow, i find more than half of the agents i met are not as good, so when i see such good agents, i grab

 

You need an agent to do his/her job, not mob/sweeping your floor!

[KARTer]

searching for new fridge does not command thousands of dollar of commission

no lah, although its not hardwork, such minor efforts do add up to time they have to put in ... but bottomline is still achieving best price in shortest time and dont miss the market etc...

 

doing such 'small' work wont justify the thousands of dollar commission, but without it, the effort will be less sweet. Best possible price + such small works = complete service?

 

i am no supporter of tom. dick, harry type of agents, but wont want to miss a good and genuine one either

[KARTer]

You need an agent to do his/her job, not mob/sweeping your floor!

after doing what an agent is supposed to do as her main job, she did extra including this: really multi-task