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Should I Pay Commission To Property Agent?

Nov 17th 2014 at 10:56 PM

During the search of the house, we often face several troubles. It can be due to the price change of the property you had been eyeing for past couple of months or the additional charges, which are not mentioned along with the price. Such miscellaneous charges can affect the cost of the property making it much more expensive for the buyers. Often the additional charges vary from place to place and agent to agent involved in sale of the property. Henceforth, it is better to check out all the available options to know the different in cost.

While buying the property, most of the buyers try to keep the fact in mind that they have a proper budget and a place where they will begin the search of property. Moreover, a person who is planning to go through different properties is often glued with the idea of investing in a good location instead of the affordable one. There are various ways through which a person can begin their search of the right house and commercial space but the best one is to hire a property agent who works precisely in this field.

Property agents are contacted by the sellers to have suitable buyers, which in turn will start advertising or promoting a certain available space. The seller can be a developer company or a person trying to earn from his property. In return, of his services, the Singapore property house agent charges commission from one or both the parties. They will not charge any fee for the work but a certain percentage of the cost of the property. Due to the commission associated with the property sale, the property agents will work hard for obtaining a property or a buyer as per your requirement.

Their earnings depend highly on the commission hence you should pay them as per the sale of the property. In case you are unable to pay the percentage, try to seek different agents finding about the charges applicable with them. Most of the property agents charge different commission or fee in return of their services. Henceforth, it is wise do a survey of the agents working in Singapore to ensure affordable commission charges.

Paying them commission ensures good service, timely search of the property, negotiation on the cost, and assured document delivery as per the government rules. Even though you are not aware of the conditions applicable on buying or selling the property, the agents can guide you for that. Pay them the commission to enjoy happy property buying.


Clark Colin is a Real Estate agent working in Estate Management and a blogger. He loves to write about properties available in Singapore, Indonesia etc.


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