Selling house yourself without agent?

Discussion in 'Home And Deco' started by starry_chan, Dec 27, 2006.

  1. starry_chan

    starry_chan New Member

    Has anyone here sell the house yourself without engaging an agent? If yes, I would appreciate that you share with me your experience, pros and cons. Would it be difficult? Thanks a million.
     
  2. pinkhippo2002

    pinkhippo2002 New Member

    not difficult at all.

    all info on hdb web site. just read through. there is hdb hotline so anytime you have any enquiries, just call their hotline

    valuation can submit on line through hdb web site. advertise on straits times Saturday

    one thing to note: you need a witness around when you & your buyer sign on the OTP. usually agent act as witness but if you are not paying buyer's agent, then have your own witness ready so that buyer's agent cannot use that excuse to charge you commission

    I sell & buy my house. zero commission to agents. My house sell above valuation. If your house in good location, sure can sell good price, nothing to do with 'good' agent
     
  3. mintee

    mintee New Member

    hi hippo, did the buyer of your house also do it without an agent? I've heard of some buyer's agent forcing the seller to also use them as agents for the sell side as well. Some unscrupulous agents.
     
  4. pinkhippo2002

    pinkhippo2002 New Member

    yes, my buyer has an agent. I didn't pay him commission. He didn't insist, he just want to close the deal. still get his 1% from his buyer.

    his buyer nearly bought another unit through another agent, so the agent is more eager to close the deal than you are

    As a seller, you can be honestly upfront with any agents who called you (after seeing your advert) that you do not pay commission. they can choose whether to still bring their buyers.


    When I bought my current house, seller also had an agent.

    I felt that the seller's agent didn't represent me. unless he can help me to get a good price, then probably that justify his commission. But I'm already paying above valuation when i bought the house.

    It's the seller who negotiate directly with us when we all sit down to talk. When both parties agreed on price, agent then take out OTP to fill up the form. I have OTP form too, easily available from any HDB office

    I brought a witness along on that day so I didn't pay seller's agent commission either. He is also eager to close, won't reject your offer even if no commission
     
  5. starry_chan

    starry_chan New Member

    Hi hippo2002;

    Thanks. I just attended the HDB seminar and you are right, it does not look difficult. Will do it on our own with no agent. Thanks very much with the information and it is very helpful.

    hippo2002 is right to say that you are not obligated to pay the other party’s agent commission. This is because you did not engage him/her and thus they don’t represent you. If the agent (the other party) insisted that it is the regulation, don’t be fool by them. This issue has been reported in the newspaper and confirmed by HDB.
     
  6. snowy76

    snowy76 New Member

    Hi, btw how do you advertise your house to sell? Via d papers?
     
  7. pinkhippo2002

    pinkhippo2002 New Member

    Straits Times
    just call their hotline
     
  8. hdbfan

    hdbfan New Member

    hippo2002,

    can i know, if one buy flat without any housing agent, do we need to fill up any form for submission or is it just the agent representing the seller, will fill up the otp and submit?


    another questionl, if you sell without agent and buyer comes with agent, do u fill up the otp for them or agent does it?
     
  9. benceltay

    benceltay Member

    OPT is done by the buyer's agent, but if this is a direct buyer then you got to do for them.

    if you can do all the paperwork yourself then you do not need to pay the buyer's agent any commission.

    hope this helps!
     
  10. milobing

    milobing New Member

    Hi,

    I had my fair share of experience.

    Would like to warn all young couples buying flats to look out for E** agent Don C*** 9880**** / 9273**** (deals with Bishan and other places) and P***N** agent K** Siew T** 9060**** / 9671**** (deals with Private property).

    The E** agent would go through the deal then suddenly introduce his partner from P****N** without your approval.

    If you face any difficulty, he’d verbally abuse you and threaten you constantly. Then he likes to side with whoever is nicer and even threatened to commit perjury. WTH!

    I lodged a complaint to the directors of E** and P***N** but they simply refer you to their legal department and don’t give a D**M about you!

    Such a disgrace to Singapore. 1st class SERVICE.
     
  11. call20

    call20 New Member

    How about private house? Does anyone has experiences or tips to share on selling/buying private property without agent?
     
  12. yeokelvin

    yeokelvin New Member

    Hi i am looking for a resale hdb flats anyone know where to find to find information on anyone selling other than newspaper?
     
  13. hello88

    hello88 New Member

  14. yeokelvin

    yeokelvin New Member

    Hi sunnyday

    Thanks so much for the info
     
  15. yeokelvin

    yeokelvin New Member

    Hi sunnyday

    Thanks so much for the info
     
  16. green_tranquility

    green_tranquility New Member

    "hippo2002 is right to say that you are not obligated to pay the other other's agent commission. This is because you did not engage him/her and thus they don't represent you. If the agent (the other party) insisted that it is the regulation, don't be fool by them. This issue has been reported in the newspaper and confirmed by HDB."

    I was shopping for a resale unit in Dec 2008. My hb shared with the seller's agent politely that he wanted to do the paperworks by himself. The seller's agent became angry and threatened us that it was HDB regulation that we seller must pay the buyer's agent even if we didn't engage his service. He die die stood by his claim though my hb said that there was no such rule. At that point of time, silly me still believed the agent was right until I went to research about it online haha.

    So please be careful with agent's claims.

    Guess the times are bad. Agents are desperate to earn more $$$.
     
  17. rena87

    rena87 New Member

    Quality Moving Services

    Felicia @ 96811159


    Specialise in House, Shop , Office, Foctory, WareHouse, School, Retail Shop and Etc .... Relocation

    WareHouse to Exhibition Monthly or Weekly

    Wrapping & Packing of all items

    Dismantle and Assemble for all needed items

    Protective wrapping for all Fragile items

    Disposal

    Partitions dismantle and assemble

    Relocation of SafeBox and Piano With protective wrapping

    Painting Services

    CCTV Fixing

    Cable wiring and lens wiring

    Cleaning Services

    Reliable Workers

    No Hidden Cost

    Free Boxes and Protective wrapping

    Free Quotations

    24 Hours Services

    For Booking of time and Enquiry please feel free to call Felicia @ 96811159
     
  18. cassie

    cassie Member

    i've just agreed to buy a flat, but the seller's agent insists i have to pay him commission. is this the norm? why do i have to do pay him? should i mention this to the seller?
     
  19. icygal

    icygal Member

    since he INSISTED, tell him you are not willing to buy if commission is involved.

    Will you lose out???
     

Share This Page