Source : The Straits Times, Forum, Aug 30, 2007
I WOULD like to share my experience with a dishonest housing agent, in the hope that future sellers will not be fooled by unscrupulous 'I will try my best to get you the best price' agents.
Two years ago, I appointed an agent to sell my apartment for $940,000.
It took a while to sell it because market conditions at that time were not too good. Eventually, she called and said she had received an offer of $800,000 for the unit.
Desperate I might have been but I refused to sell because the price was too low. I told her that I would not sell for less than $900,000.
Playing the good, honest agent, she asked me if I would split the difference with her if she could get the buyer to pay more than $900,000.
Thinking that no buyer would agree to pay an additional sum of more than $100,000 after having offered such a low price, I agreed to split the difference with her.
Less than five minutes later, she called and said she managed to convince the buyer to pay $940,000, which was the price I wanted to sell my apartment for originally.
It was only then that I realised that I had been duped. I learnt an expensive lesson.
Goh Leng Choon
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