toxic property agent pwning their competitors.......

[mewmew]

Most of the agent efforts is spent on competition against other agents. And not ok providing value to their client.

that is a natural phenomenon when the service is overpriced. So it’s not that they shake leg earn good money nowadays. It’s because that was the case previously, so a lot of people rush in to be agents. Hence you see the over supply of agents, and most of them are spending time to sabo or spend money on marketing to get eyeballs. Very little is spent on providing value.

hence this market disruption by this company is threatening the entire market structure that is centered on spending 80% fighting each other and 20% serving customer

there need to be a benchmark to gauge these agent value, moi suggest hitting the 75th percentile of transact price for past 1 year for that area or block to be even considered a value service

when in fact these useless agent are just leeching and eroding buyer/seller's profit

 

[Forever84]

I wonder how many % comm do agents like property lim bros charge with all their fancy videos and marketing?

I heard is 3-4%

 

[curahee]

Start to kill each other liao. After this will be different division kill different division. Then take all the agents to work under them like mlm. More agent more money for the top pyramid


Read HWZ Forum Rules!

 

[s-ghost]

i hope property and insurance industry gets an overhaul and get rid of useless JLB agents

 

[s-ghost]

Start to kill each other liao. After this will be different division kill different division. Then take all the agents to work under them like mlm. More agent more money for the top pyramid


Read HWZ Forum Rules!

hope all wind up, give the power back to the spenders

 

[Forever84]

The stockbroking industry comes from 1% till now.. 0.08% or lesser .. why not insurance or property industry?

Hope property industry will be disrupted and commission move to transparent flat fee structure. Sell one unit pay them $20-40k not worth. Those bigger condo commission even as high as 60-80k.

Are they really bringing 40k value? If the buyer don’t like unit, no money can they talk until the buyer say waseh love this unit! I buy today!

then they showflat also commission is as high as 4-6% then keep bringing ppl there

 

[BiomedicalPasta]

Market rate is not enforceable. Just a guideline. Charging lower than market rate is disrupting a market which is good. Never see agents kpkb when grab disrupted the taxi market.

 

[virtualape]

Hdb should have an all in one portal that lists all hdb for sale and facilitate transaction services at a fee. 0.5% each from seller and buyer. Ie they become the king of agents. Imagine the revenue they can earn.

 

[mewmew]

Hope property industry will be disrupted and commission move to transparent flat fee structure. Sell one unit pay them $20-40k not worth. Those bigger condo commission even as high as 60-80k.

Are they really bringing 40k value? If the buyer don’t like unit, no money can they talk until the buyer say waseh love this unit! I buy today!

then they showflat also commission is as high as 4-6% then keep bringing ppl there

chatgpt scrw tech werker big time, dont see huai their fella mates cannot compete by werking harder and using the 薄利多銷 model for jacking up sales honestly

 

[johnsonheng]

good la, it bring more competition in sg

 

[lifezard]

You'll see 999, 499, maybe even 199. The whole property transaction market becomes like a wet market.

It is a wet market what. Just add one salesman to make the good look more atas and worth paying more. Question is, is it really so?

 

[chottohen]

Never assume that your agent is working in your interest but more towards his commissions and top awards
Homeseller is a good avenue for HDB sellers but not for private property owners as 0.5% commission of sale price is payable to cobroke agents

Where is the guideline for pte owners having to pay 0.5% to cobroke agents? I haven't found anything on this. Seller only pays their own agent whatever is the arranged fee.

 

[Roadster01]

Wondering if homeseller will sell moi 4-rm hdb for $1.9M within 3 months. Moi only want pay a grand huge 5k for their service to transact. Moi not greedy Hor, asking below that $1.96M ohhay.

brought moi for $300k. Till now hab not seen a bird come to moi area yet.

 

[1l92041H]

I support Patrick and Homeseller.

hopefully Govt can impose cap on fees, perhaps will be able to control housing prices too

 

[mewmew]

Wondering if homeseller will sell moi 4-rm hdb for $1.9M within 3 months. Moi only want pay a grand huge 5k for their service to transact. Moi not greedy Hor, asking below that $1.96M ohhay.

brought moi for $300k. Till now hab not seen a bird come yet.

moi gib chiu 2% chiu sell moi for 1.5m loh

 

[Spike]

Suppose this is a CEA problem, let the investigations follow its due process..

If this is an agency problem, a simple matter of changing agencies.

Once upon a time, Propseller, Ohmyhome also have low fixed fees before their current model.

For any other thing, time will tell.

 

[woonwoonjiakbeehoon]

Market comm rates exist for a reason. If one is allowed to market whatever low fees he fancies, 1999, 2999, 3999 or whatever, what happens next? You'll see 999, 499, maybe even 199. The whole property transaction market becomes like a wet market.

boomer mentality leh

Dont think u will survive well in this ever evolving economy

 

[mewmew]

I support Patrick and Homeseller.

hopefully Govt can impose cap on fees, perhaps will be able to control housing prices too

these property scrums have it good for too long, time for garment to tighten their marbles to curb inflation

 

[Forever84]

Where is the guideline for pte owners having to pay 0.5% to cobroke agents? I haven't found anything on this. Seller only pays their own agent whatever is the arranged fee.

Agent is damn smelly one… the one I shared, asked me for additional 1%! If not he bring his buyer elsewhere (because newly TOP lot of competition)

End up I paid additional 10k plus! So that my agent can close deal

 

[1l92041H]

Homeseller TikTok very informative.

what I gather is that
u pay 2% for the agent to stand there during viewings nia.

Some don’t even come for viewings or do open house to save their own time and reject ppl who cannot make it for open house date and time.