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 No 3%? You sell it yourself., Selling property

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chainyong
post Dec 4 2023, 02:16 PM

On my way
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527 posts

Joined: Feb 2019


If your property is hot cake, can sell easily, then 1% also got agent willing to handle.

3% commission is a max, if you only offer 2%, they will not give priority to your unit, unless your asking price is lower compared to 80% of others' asking price

Why agent charges you 3%, not only they need to handle many viewing, they also need to find the potential buyers, and promoting your unit, also have a room for negotiation, once the buyer asking price is very close to own asking price, agent can cut their commission to 2% in order to close the deal.

Same to my case, my agent only earn 2% commission after a price negotiation, some more is a co broke with other agent, because she need to close the deal faster instead of next buyer might not from her customer.

If you think few k to let neighbor open the door is cheap, just let your neighbor to handle, after few months still unable to sell , your neighbor will get mad if still many ppl come for viewing.

Myself also view more than 40 units only can find the suitable one, i don't think others can simply make decision unless your asking price is relatively low, then maybe can sell easily.

Last time my unit want to sell, also took more than 1 years, in the begin i offer market price, then reduce to 5% lower than market price, in the end someone offer 15% lower than market price, only can let go. 3% commission easy to earn?

This post has been edited by chainyong: Dec 4 2023, 02:21 PM
chainyong
post Dec 4 2023, 02:22 PM

On my way
****
Junior Member
527 posts

Joined: Feb 2019


QUOTE(stevenryl86 @ Dec 4 2023, 01:57 PM)
Report that agent! No such thing on charging Buyer agent fees.
*
Some part of Malaysia is using this way, sell and buyer share the commission , 1% from buyer, 1 to 2% from seller

 

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