The Risks Of Selling Below Market Rate Commissions

Hi. I planning to sell 4room HDB . Very High Floor. Any agent willing to sell at 0.5% commission can pm me. I will contact you very shortly.

Posted by Mr. Ong Lee - 2015-02-26 16:41:49 - Viewed 76 times

Answers (8)

Mervin Tang

Posted 2015-03-05 23:13:59

Hello Mr Ong Lee,

I hear your plan to sell your 4 room HDB. Though it is a high floor unit, your flat will still be subject to market forces. The current market forces are such that HDB resale prices have been steadily falling over the last year.

Transaction volumes are also notoriously low, as such, many sellers are unsuccessful in selling of their units.

Do notice that none of the agents who have replied to your query has accepted the offer of 0.5%?

In today's market, sellers and landlords alike are competing for buyers and tenants. Reducing the payment way below the market rate is a sure fire way to UNSUCCESSFULLY sell your flat.

Why?

The current market is such that it will take 3-6 months to successfully sell a HDB flat. Hence any agent you engage will be in a loss position by the time you reach month 3-4 of the sale process. Anything longer and the agent will have to abandon your case and cut losses, therein you will have to start the process all over again.

Best Regards,

Mervin Tang
Group Director
Division Lead Trainer, Project Sales, International Projects
CEA Reg No. : R030951Z
Huttons Asia Pte Ltd

Mobile: (65) 9184 0208
Website: http://sg-realestate-sg.blogspot.sg/
Sales Enquiry: mervintang.huttons@gmail.com
Career Discussions: http://sg-realestate-sg.blogspot.com/
Testimonials: http://sg-realestate-sg.blogspot.sg/p/testimonials.html
North East Line GTA: http://nelpropertychampions.blogspot.sg/