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

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stevenryl86
post Dec 4 2023, 01:55 PM

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3% are the maxed they can charge. Find other agency that can lower it to 2%
stevenryl86
post Dec 4 2023, 01:57 PM

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QUOTE(renodiy @ Dec 2 2023, 08:13 PM)
3%?  Penang  Seller 1% Buyer 1%
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Report that agent! No such thing on charging Buyer agent fees.
stevenryl86
post Dec 4 2023, 01:59 PM

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QUOTE(yhtan @ Dec 2 2023, 05:07 PM)
U pay for the service worth, the 3% is justify provided the REN is capable of advising.

Don't forget the REN specialize at XX area because they have database on the transacted value in the past 10 years, so when u sell they will advise to set at certain price to get the right price.

Secondly, they have to advertise it with their own cost, be it website iproperty, mudah, property guru, physical banner etc. All this come out with their own cost.

Thirdly, the hassle of viewing, the agent has to entertain many viewers and follow up the case, imagine 20 viewers within a month, all this come with a cost.

The whole process will take at least 4-6 months to get it done, unlike rental whereby the deal can be close within a month or two. Most importantly for a seller is, whether the agent is able to sell it higher than transacted price for u.
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Agent fees are based on the SPA. The advertising, miscellaneous fees etc will be on separate billings. This must be agreeable when Seller appoint an agent

stevenryl86
post Dec 4 2023, 11:22 PM

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QUOTE(renodiy @ Dec 4 2023, 02:08 PM)
all agents in penang practice this
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The below kena all agency/agent in Penang really fun.

Subsale are stupid in Penang

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This post has been edited by stevenryl86: Dec 4 2023, 11:23 PM
stevenryl86
post Dec 5 2023, 08:49 AM

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QUOTE(renodiy @ Dec 5 2023, 06:54 AM)
penang and i think jb also like this

you can try report and try. no action based in feedback from.many. There is a loophole I think, they issue the receipt differently to buyers..not stated comm.... maybe disbursement charges and also have a signed copy buyer will to pay those charges.....

but it is acceptable in my opinion since seller also pay mostly 1%>
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Only few property company follows such. But majority are not. As buyer, check before you sign anything.

Everything I ask upfront and show them this, thereafter they will admit cannot charge buyer and followed by this usual practice in Penang.


 

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