Property Stories

Confessions Of A Property Agent In Singapore: Why I Had To Drop My Worst Client Ever

Join our Telegram group for instant notifications
Join Now

Sean

Sean has a writing experience of 3 years and is currently with Stacked Homes focused on general property research, helping to pen articles focused on condos. In his free time, he enjoys photography and coffee tasting.

Subscribe
Notify of
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Ben
Ben
1 year ago

Nice there was somewhat of a happy ending for Tracy this time.

Woojung
Woojung
1 year ago

Thanks for sharing the story. Very well written. Totally unimaginable that such thing could happen.

Daniel
Daniel
1 year ago
Reply to  Woojung

i once had an agent, my wife’s “friend”.

In a rising market, with enbloc fever raging, apartment units within our development were fast selling. He sent a couple our way, knowing the price was beyond them. Then silence…

Meanwhile, viewings all round were going on. Prices were rising by the transaction… Then he claimed to be going overseas for a three-week holiday and wanted a signed “blank option”. i.e. an option to purchase, where details of the buyer were left blank but not the sellers’. He said his colleagues would handle matters in his stead.

We let him have it. BIG MISTAKE!

As the agent’s holiday stretched, I noticed a property listing with familiar characteristics similar to mine. I called. The answerer said he had a blank option in front of him and would be able to execute… He wanted a price higher than mine…

I called the agent, received a local dialling tone on his mobile, terminated the agreement and asked for the return of the ‘blank option”. Shortly, we received an executed option for the price we asked for from his colleague and a deposit.

Relieved, we accepted the document and deposit. NOT NOTICING that the buyer was essentially a limited liability corporation with a foreign name…

Upon completion, we were informed that our property was flipped at a similar price to another. Presumably, the enbloc fever had abated by then.

About twenty years later to day, the property has appreciated marginally.

However, I too am glad for Tracy.

Latest Posts

The Vales Condo
Property Picks 10 Cheapest Executive Condos In 2023/24: Here’s Where To Find Them
April 24, 2024
Cluster homes
Analysis Are Cluster Landed Homes Still Profitable? Here’s How They’ve Performed Over 10 Years
April 22, 2024
Amanda Thumbnail Selected 1 compressed
Living In Inside A 1940s Shophouse Unit With A Rustic Motorcycle Garage
April 21, 2024
retirement options cruise singapore
News Would You Sell Your Home To Retire On A Cruise Ship For $300k In Singapore?
April 21, 2024
rivergate condo 1
Analysis Why This District 9 Condo Made Each Owner $775k In Profit: Uncovering The Numbers Behind The Success
April 20, 2024
mcnair area HDB kallang whampoa
Advice We Own A $1.1 Million HDB And Make $22k Per Month: Is It Feasible To Upgrade To A Condo Without Additional Cash?
April 19, 2024
32 Gilstead Featured
Editors' Pick 5 Unique Boutique New Launch Condos You’ve Probably Not Heard Of (From $1.471 Million)
April 18, 2024
5 Cheapest 5 Room HDB Flats Close To The MRT Priced Below 600k
Units Of The Week 5 Cheapest 5-Room HDB Flats Close To The MRT Priced Below $600k
April 18, 2024
How well have old leasehold condos performed
Analysis Can Old Leasehold Condos Still Be Profitable? A Case Study Of 355 Leasehold Condos
April 18, 2024
15. view sky everton
Condo Reviews I’ve Lived At Sky Everton For 4 Months: Here’s My Review Of What It’s Like To Live In A New Condo In The City
April 17, 2024
5 Lesser Known Condos With Unique Duplex Units From 2.08m
Property Picks 5 Lesser-Known Condos With Unique Duplex Units (From $2.08m)
April 16, 2024
garden home sengkang singapore
Living In Inside A Secret Garden Terrace Home Transformation In Sengkang
April 16, 2024
district 11
Commentary Where Have Freehold/Leasehold Condo Prices Dropped The Most In 2023/24?
April 15, 2024
thumbnail royston kenny New 1
Living In Unveiling A Unique Dark Twist To A Wabi Sabi Home In Singapore
April 14, 2024
the residences at W sentosa cove
News Should You Buy This Sentosa Condo At A 40% Discount?
April 14, 2024
Twin vew vs whistler grand
Investment Whistler Grand Vs Twin VEW: Which Has Been A Better Purchase?
April 13, 2024