Singapore Property Scene Discussion

[Throttle2]

On 5/13/2024 at 5:44 PM, ccc888 said:

I think the difficult part is the showsmanship and price negotiation.

If u are already a talented conman or your unit is very easy to sell at reasonable pricing.

Im a terrible liar…..scared buyers ask me why i wana sell (truth is hell neighbours for eg.) whahahaha

Also need to entertain lowballers and keep yr cool not to shout 4letter word whahaha

I tried to sell my car last time via sg carmart for 3mths and gave up trade in to dealer whahaha

 

Correct, if you want to sell your own place, dont be emotional, just be effective.  People will say what they say, just smile

[Volvobrick]

On 5/13/2024 at 5:44 PM, ccc888 said:

I think the difficult part is the showsmanship and price negotiation.

If u are already a talented conman or your unit is very easy to sell at reasonable pricing.

Im a terrible liar…..scared buyers ask me why i wana sell (truth is hell neighbours for eg.) whahahaha

Also need to entertain lowballers and keep yr cool not to shout 4letter word whahaha

I tried to sell my car last time via sg carmart for 3mths and gave up trade in to dealer whahaha

 

Just advertise "Owner upgrading" like cars lor! 

[13177]

On 5/13/2024 at 5:44 PM, ccc888 said:

I think the difficult part is the showsmanship and price negotiation.

If u are already a talented conman or your unit is very easy to sell at reasonable pricing.

Im a terrible liar…..scared buyers ask me why i wana sell (truth is hell neighbours for eg.) whahahaha

Also need to entertain lowballers and keep yr cool not to shout 4letter word whahaha

I tried to sell my car last time via sg carmart for 3mths and gave up trade in to dealer whahaha

 

Actually even you have an agent, buyers would still ask you why you want to sell your house. The only difference is agent would tell the buyer on your behalf.

[Volvobrick]

On 5/13/2024 at 10:31 PM, 13177 said:

Actually even you have an agent, buyers would still ask you why you want to sell your house. The only difference is agent would tell the buyer on your behalf.

2% to answer on your behalf? I will answer myself. Upgrading! 

[13177]

On 5/13/2024 at 5:51 PM, ccc888 said:

Simi contra….i dont even know whats that 😅

Contra is the person who needs to sell and buy and they want their transaction to be transacted at the same time smoothly, usually due to the person needs the money from selling their flat to pay for their next flat. So timing to submit for selling and buying must time swee swee, if not the sales proceed from the selling cannot go back to CPF on time to pay for the purchased flat.

Also contra only one party can submit. So if you are doing contra, you cannot find a flat that the owner also doing contra at the same time. 😂

Edited May 13, 2024 by 13177

[13177]

On 5/13/2024 at 10:34 PM, Volvobrick said:

2% to answer on your behalf? I will answer myself. Upgrading! 

Some owners they let agent to handle the entire viewing process, when buyers go view house, you cannot see the house owner at all. So 2% maybe quite worth for them, cause they let the agent run the whole show. Think the only time owner appear to show face is during the HDB appointment. Now even during the buyer OTP phase, both parties no need to meet also can.  😅

 

[13177]

On 5/13/2024 at 6:46 PM, ccc888 said:

It was a 5yo 3series…..i list few k cheaper than other similar model….

I recall around 3 direct enquiries and 5-6 dealers during the 3mth period.

End up trade in when buy new car whahaha

Like that only 3  direct enquiries? Looks like people still don't trust direct sellers?! 😅 They rather go to car dealers to buy and pay few k ex?

[Throttle2]

As i personally prefer to deal with the seller (as a buyer) , i trust that like minded people (buyer) would prefer to speak directly to seller.

My sales pitch is always honesty and as the person who has owned and lived in that property i can share meaningful experiences and answer any question from the buyer.    To do that, seller must be objective and leave ego outside the room regardless of how the buyers act.

There will be differences in views and opinions and taste, let it be. But facts will remain facts

At the end of the day, i rather sell to someone i prefer, than not.  As much as to buy from someone i prefer, than not.
So as little agent input as possible is how i prefer it.  
buyer and seller have that solid understanding and agreement by open two way communication for a win win deal.      

😎✌️👌

 

[13177]

On 5/13/2024 at 11:15 PM, Throttle2 said:

As i personally prefer to deal with the seller (as a buyer) , i trust that like minded people (buyer) would prefer to speak directly to seller.

My sales pitch is always honesty and as the person who has owned and lived in that property i can share meaningful experiences and answer any question from the buyer.    To do that, seller must be objective and leave ego outside the room regardless of how the buyers act.

There will be differences in views and opinions and taste, let it be. But facts will remain facts

At the end of the day, i rather sell to someone i prefer, than not.  As much as to buy from someone i prefer, than not.
So as little agent input as possible is how i prefer it.  
buyer and seller have that solid understanding and agreement by open two way communication for a win win deal.      

😎✌️👌

 

Whether the seller has an agent or not, there is always needed some chemistry between the potential buyer and the seller, then the deal will closed. usually seler has the upper hand to choose which buyer they want to sell their house to. Sometimes it is not entirely about the price. Maybe the buyer can offered the price that the seller wants, but the seller might rather sell the house to another buyer even few k lower.

[inlinesix]

 

[Invigorated]

On 5/14/2024 at 8:32 AM, inlinesix said:

 

A lot of hypothetical arguments here. Some are her own guesses/gases.

I don't know why suddenly all these agents coming out in full force. Perhaps they do feel threatened but there's no denial that tho such a platform will kill off all their sales, it's the start to eventually killing most of their sales. With AI tools to evaluate properties now, buyers and sellers are more savvy in valuating the properties they want to transact.

There's still a demand for agents to outsource work but this demand may drop a little every year. 

[inlinesix]

On 5/14/2024 at 9:13 AM, Invigorated said:

A lot of hypothetical arguments here. Some are her own guesses/gases.

I don't know why suddenly all these agents coming out in full force. Perhaps they do feel threatened but there's no denial that tho such a platform will kill off all their sales, it's the start to eventually killing most of their sales. With AI tools to evaluate properties now, buyers and sellers are more savvy in valuating the properties they want to transact.

There's still a demand for agents to outsource work but this demand may drop a little every year. 

She already said Property Agent needs to add value to their service.
Otherwise, bye bye liao.

[Volvobrick]

On 5/14/2024 at 9:19 AM, inlinesix said:

She already said Property Agent needs to add value to their service.
Otherwise, bye bye liao.

Adding value? Yeah. Maybe now need to help repaint the unit before taking photos.... 

[inlinesix]

On 5/14/2024 at 9:25 AM, Volvobrick said:

Adding value? Yeah. Maybe now need to help repaint the unit before taking photos.... 

That’s the wrong strategy.

Should take photos before move in.

Use the photo during sale 🤭

[Invigorated]

I have no beef against paying agents, since it's a service and they should be paid.

But I do have beef with paying agents an inordinate amount that isn't proportional to their effort. 1% of 500k,1 mil,2 mil property will amount to 5k,10k,20k accordingly. Does the remuneration commensurate with effort? I think this is what many are probably concerned/unhappy about too as there's currently no ceiling to comms.

Agents may prioritise maximizing their profits over the best interests of the clients and it's a moral hazard. If an agent is profit driven and looking for better comms, would it be in the buyer's favour if his agent co-broke the deal at a higher price in order to get more comms? That itself is a contradiction, especially when there's no cap.

As more buyers DIY and become more savvy, agencies will start to realise that change is inevitable and they'll have to adapt accordingly. Just look at travel agencies, how many people buy their own tickets now? Car insurance too? The only bugbear now is that the housing market is not homogeneous and the paperwork is complicated. But AI is likely to correct some of that eventually.

[Volvobrick]

On 5/14/2024 at 11:28 AM, Invigorated said:

I have no beef against paying agents, since it's a service and they should be paid.

But I do have beef with paying agents an inordinate amount that isn't proportional to their effort. 1% of 500k,1 mil,2 mil property will amount to 5k,10k,20k accordingly. Does the remuneration commensurate with effort? I think this is what many are probably concerned/unhappy about too as there's currently no ceiling to comms.

Agents may prioritise maximizing their profits over the best interests of the clients and it's a moral hazard. If an agent is profit driven and looking for better comms, would it be in the buyer's favour if his agent co-broke the deal at a higher price in order to get more comms? That itself is a contradiction, especially when there's no cap.

As more buyers DIY and become more savvy, agencies will start to realise that change is inevitable and they'll have to adapt accordingly. Just look at travel agencies, how many people buy their own tickets now? Car insurance too? The only bugbear now is that the housing market is not homogeneous and the paperwork is complicated. But AI is likely to correct some of that eventually.

Paperwork is not complicated lah! Filling up ETA to USA is 10 times worse and anyone using agents? 

[13177]

On 5/14/2024 at 9:13 AM, Invigorated said:

A lot of hypothetical arguments here. Some are her own guesses/gases.

I don't know why suddenly all these agents coming out in full force. Perhaps they do feel threatened but there's no denial that tho such a platform will kill off all their sales, it's the start to eventually killing most of their sales. With AI tools to evaluate properties now, buyers and sellers are more savvy in valuating the properties they want to transact.

There's still a demand for agents to outsource work but this demand may drop a little every year. 

Actually lesser people engage agent liao, esp many people who is buying no agent.

[13177]

On 5/14/2024 at 11:28 AM, Invigorated said:

I have no beef against paying agents, since it's a service and they should be paid.

But I do have beef with paying agents an inordinate amount that isn't proportional to their effort. 1% of 500k,1 mil,2 mil property will amount to 5k,10k,20k accordingly. Does the remuneration commensurate with effort? I think this is what many are probably concerned/unhappy about too as there's currently no ceiling to comms.

Agents may prioritise maximizing their profits over the best interests of the clients and it's a moral hazard. If an agent is profit driven and looking for better comms, would it be in the buyer's favour if his agent co-broke the deal at a higher price in order to get more comms? That itself is a contradiction, especially when there's no cap.

As more buyers DIY and become more savvy, agencies will start to realise that change is inevitable and they'll have to adapt accordingly. Just look at travel agencies, how many people buy their own tickets now? Car insurance too? The only bugbear now is that the housing market is not homogeneous and the paperwork is complicated. But AI is likely to correct some of that eventually.

Paperwork for housing is no longer that complicated that buyer/seller can DIY if they want. Maybe last time paperwork and procedure more complicated.