This depends on the circumstances. You do not need to engage an agent if you are buying a property from the primary market. In the private property market context, this refers to buying a private property directly from a developer. However, if you are buying a resale condo, it is advisable to engage an agent as the procedures are rather complex and will require a lawyer.
As a Permanent Resident (PR), you don't face any eligibility restrictions when it comes to buying a condominium in Singapore. However, you will be subjected to an Additional Buyer’s Stamp Duty (ABSD) as well as a Buyer’s Stamp Duty (BSD). For more information, please refer to the IRAS website: https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property/Additional-Buyer-s-Stamp-Duty--ABSD-/ You can also refer to our buying guide here: https://www.propertyguru.com.sg/property-guides/singapore-buy-property-guides
Hope this answers your question.
Team PropertyGuru Read More
You need not bear agent commision, hence, it is a win win situation where you get professional assistance on your real estate matters which are extended to legal and financial aspects.
Please feel free to contact me at 96659926 for a non obligatory discussion for me to better understand your requirements and specifications to optimize your time and search in a hassle free manner!
Based on your budget,needs and preferences, I will come up with a customized list of units to view, which works efficiently and effectively.
My services cover you through the whole process from finding the property to negotiating for the best price to post deal paperwork to establishing financial calculations and ascertaining risks. I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live transactions for your understanding, share on financial calculations/loans and progressive payments information you may need.
Do visit my website to view my testimonials/recent awards and gather more info on me: www.kumarrai.com.
Look forward to hearing from you! Have a great day!
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As many of my fellow colleagues have mentioned, you can choose to liaise directly with the seller's agent but do take note that as a private property buyer, normally you don't have to bear any commission to your representative.
Thus why not engage a real estate salesperson and let him make your purchase process a smooth sailing one from viewing arrangement, price negotiation, paperwork etc.
If you need any assistance in your property purchase, feel free to contact me.
Hope to hear from you soon! Happy new year to you!
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171
(W): www.yttan.com Read More
There is no requirement to go through an agent.
For the private condos, a professional agent normally cobroke with the seller agent so you do not have to pay commission fee.
This will save you a lot of hassle of dealing with many different agents and answering many different calls from agents.
A good professional agent will
- guide you through the sales process and transaction
- shortlist based on your price, location and property requirements.
- arrange viewing on shortlisted units
- price negotiation based on current market situation
- financial planning and recommend mortgage broker
- recommend conveyancing lawyer
- Inspection before final completion
Want to find out how a professional agent work? Call/SMS 97455178 for a no obligation discussion.
Thanks & regards,
Huttons Asia Pte Ltd
L3008899K Read More