A landlord posted a message in a property forum, asking whether it’s better to let the flat through an agent, a lawyer or by himself. This post is most likely from a 1st time owner. My two-cents: I don’t think it’s necessary to engage a lawyer, unless yours is a special lease that needs much customization in the contract. Lawyers tend to give 'safe advice' in order to … [Read more...]
Repossessed properties, bank auctions and mortgagee sale
Many investors like to find "good deals" at property auctions. If you are keen, you can contact the auction department of Colliers, Knight Frank and Jones Lang LaSalle. Ask them to add your name to their auction distribution list. If you're eyeing any property in the list, you can call the person-in-charge to ask for more details before attending the auction. In case … [Read more...]
In search of good property agents
Saw this heading in this week’s newspaper, "Property agents rushed to get certified" According to the new Estate Agents Bill, by October 22 this year, all property agents have to pass the industry exam and complete at least three transactions in the last two years. My question is: Can meeting these two criteria guarantee that he/she is a professional agent? First of … [Read more...]
Traits of bad property agents
After more than a decade dealing with Singapore property agents, I would say that finding a good one often depends on your luck. You want to find a good agent to represent you when you are renting, leasing, buying or selling your properties. Because you already have no control over what kind of agent the other party is using. But, how do you tell the traits of bad ones? A … [Read more...]