Commentary An Inside Look Into Co-Broke Deals: 5 Things You Must Know To Help In Your Property Purchase

  • June 23, 2021
  • 11 min read
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Aidah

Aidah Omar is a marketing consultant and digital strategist for various SMEs in Singapore for the past 8 years. Over the last 5 years, she has worked with property agents from various agencies. She has a 2-year old daughter who is obsessed with dinosaurs and Peppa Pig.

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Dy Francisco
Dy Francisco

Agents are “transaction driven”. They only make money if a deal is done. While a seller would like to sell at a great (high) price his agent knows that the getting it is often not easy. The certainty of a “lower commission” might be preferred to the uncertainty of a higher commission tied to a very high asking price. Being transaction-driven the seller’s agent might try to convince the seller to lower his/her “asking price” to increase the likelihood of a transaction (therefore a commission). If a seller is making a huge gain in selling it is often easier to… Read more »

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