Hi BillGates,
Am not sure why you need a resale HDB when
you already have gates.
OK, I personally think it is not necessary for you to attend the
HDB resale seminar or learn your own
transactions.
As the HDB resale rules and regularations
keep changing.
About the commissions,
1) if you have an agent bringing you along to view flats, he is
considered as your agent (commonly known as buyer’s agent since he
represent you, a buyer) and you have to pay him 1% of the
transacted price. However, you can negoiate with him about the
commission rate before he brings you around.
2) if you are looking for a flat yourself, you are likely to
encounter agents, they are called the seller’s agent. The common
practice is 1% of the transacted price.
However, you can choose not to pay him commission, but you must
make known your decision not to pay when making appointment to view
the flat.
The Agent also has the choice of whether to sell you the flat or
sell it to someone else who are willing to pay him commission.
The midway is to tell the agent that you are NOT
PAING FULL commission and bargain a lumpsum price if the
flat you like the flat.
Of course if you are not paying him the commission, the agent
has the rights not to do the necessary documentations for you since
he is not acting for you.
So, during a seller’s market when HDB
flats are in high demand, usually, those buyers who refuse to pay
Housing Agent commission find it hard to buy a flat.
Agents have influence over, who he prefer to sell the flat to
and sometimes, some agents do not reveal all the offers to the
seller.
patgoh