Selling a condo

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08-08-09, 17:34
terence

Selling a condo

Need some advise on the above.
Is it necessary to appoint an agent to sell my condo? Actually i'm thinking of selling it on my own. My condo has not TOP yet.
08-08-09, 18:37
AAA

Quote:

Originally Posted by terence

Need some advise on the above.
Is it necessary to appoint an agent to sell my condo? Actually i'm thinking of selling it on my own. My condo has not TOP yet.

Not necessary if only you know how to do it.
08-08-09, 23:44
hans

Like what AAA said unless you know how to do it. If an agent brings a buyer, you still need to pay the agent.

Quote:

Originally Posted by terence

Need some advise on the above.
Is it necessary to appoint an agent to sell my condo? Actually i'm thinking of selling it on my own. My condo has not TOP yet.
09-08-09, 05:33
Douk

Quote:

Originally Posted by terence

Need some advise on the above.
Is it necessary to appoint an agent to sell my condo? Actually i'm thinking of selling it on my own. My condo has not TOP yet.

the process to sell a condo is straightforward, everything is through lawyer, so agent is not necessary. you need a blank letter of option (2 copies) on hand to start selling the house. get it sign (for joint purchase, both names and signatures need to be on the LO, same for owner side)

The problem is, buyer may not be comfortable searching for banker and lawyer, etc. but you can get a agent friend to help on this.. they get a small fee for from the bank they recommended.
09-08-09, 08:21
terence

others?

What other fees will selling a condo attract?
09-08-09, 12:10
focus

Quote:

Originally Posted by Douk

the process to sell a condo is straightforward, everything is through lawyer, so agent is not necessary. you need a blank letter of option (2 copies) on hand to start selling the house. get it sign (for joint purchase, both names and signatures need to be on the LO, same for owner side)

The problem is, buyer may not be comfortable searching for banker and lawyer, etc. but you can get a agent friend to help on this.. they get a small fee for from the bank they recommended.

Ya.. it's as easy as ABC..

I do mine thru my lawyer..and the buyer thru his lawyer..
and basically.. the communication was done between the lawyers. The only time I need to do anything was to sign the documents and bank in cheque.

Lawyer's fee for me was around $3k.. but dunno expensive or not. dont matter to me much coz I've been using her for the past 10yrs.
09-08-09, 12:36
hans

This is a subsale case, have not TOP. Is it the same process as the resale case?

Quote:

Originally Posted by focus

Ya.. it's as easy as ABC..

I do mine thru my lawyer..and the buyer thru his lawyer..
and basically.. the communication was done between the lawyers. The only time I need to do anything was to sign the documents and bank in cheque.

Lawyer's fee for me was around $3k.. but dunno expensive or not. dont matter to me much coz I've been using her for the past 10yrs.
09-08-09, 15:47
Property_Owner

Quote:

Originally Posted by Douk

the process to sell a condo is straightforward, everything is through lawyer, so agent is not necessary. you need a blank letter of option (2 copies) on hand to start selling the house. get it sign (for joint purchase, both names and signatures need to be on the LO, same for owner side)

The problem is, buyer may not be comfortable searching for banker and lawyer, etc. but you can get a agent friend to help on this.. they get a small fee for from the bank they recommended.

You talk like drinking water. Process of course easy lah. Paperwork only mah.

Main issue is how fast you want to sell your unit and wat price! If I ever own a RG and try selling it myself and faces those few poor and famous dudes from here, I will sure report in early.
09-08-09, 23:38
Douk

Yah, Agent fee is so negligible.... is this the right way to brag?:D

I am just telling him the process. of course he has to take into other considerations. and agent does not necessary get you a good price. of course you can brag about your team of agents. i have no problem with that.

Quote:

Originally Posted by Property_Owner

You talk like drinking water. Process of course easy lah. Paperwork only mah.

Main issue is how fast you want to sell your unit and wat price! If I ever own a RG and try selling it myself and faces those few poor and famous dudes from here, I will sure report in early.