Tips to find the best property agent in Singapore

Posted by Jaden fok on July 4th, 2019

Tips to find the best property agent in Singapore

Choosing a good property agent in Singapore might be a tough job, as the demand for purchasing and selling property in Singapore has seen a constant increase in the recent years, simultaneously the availability of agents has increased too to guide the customers find the most suitable property unit for themselves. If you are one of those Singaporeans who need the help of a property agent to buy, sell or rent a property in Singapore, the below-described points can help you find the right agent for property dealing through determining their qualities and limitations. As the property market in Singapore is a lucrative market, it will keep on attracting the property dealers in the years to come, but it’s upon you to decide whom you want to work with.

The agent should be CEA (council for estate agents) registered

The first and foremost thing you should look before appointing an agent is, to ensure whether he is registered with CEA or not. Meeting the legal guidelines always stands to be the most important factor to consider. As there are certain cases where individuals presented themselves as agents despite not being registered with CEA; as these individuals do not meet the legal standards, they lack the required knowledge and expertise required for property dealing.

Getting recommendations

Another important tip besides checking the basic requirements of an agent is, asking your friends and family to recommend any real-estate agent whom they know or have worked with in the past. Most probably someone of your friends and family may have engaged any property agents to help them with property transition. Hence in such a case, you would get a clear view and in-depth details about the agent you want to appoint for assisting you with buying, renting or selling any property unit in Singapore.

Check the property agent’s knowledge

Knowledge of any individual is the most important thing you should consider. Accessing the knowledge of your property dealer is the key to determine the quality of an agent. A well –informed agent will not only find the best suitable deal for you but will also guide you to an overall smooth transaction. The aspect where he should have knowledge is regarding the latest regulations regarding the property market that includes the recent cooling measures announced by the Singapore government and other potential laws.

Commission of the agent should be reasonable

One way to decide the excellence of your property agent is through considering the commission charged by him. The commission rate should not be so high that you need to cut on your budget. Generally an estate agent charge between 1-2% commissions on the total sale value of the property unit. Besides, the exact amount depends upon the type of property, that is a landed, non-landed, private or HDB property.

Conclusion

Finding a good property agent in Singapore can be quite a challenging job, as it involves a number of considerations. The above-mentioned point’s best explain the necessary steps to consider before appointing an agent in Singapore. All you need to do is, just get a clear knowledge about the Singapore property market and be aware of the do and don’ts before involving an agent to your property transaction.