Buying or selling property in Singapore is stressful, no matter how well-versed you are at the real estate game. However, working with a property agent or broker that is trained and educated in the complexity of real estate will streamline the process and help make the transaction trouble-free. Real estate agents are up-to-date on property news and changes, regulations and standards, and will be able to advise you on location, price and ways to improve your property before leasing or selling.
What does an agent or broker in Singapore do?
Although the terms'agent' and'broker' often are used interchangeably, they’re not the same thing. Generally, a broker must have more specialised education as well as licensing, and as a result is legally authorised to execute a real estate transaction. Brokers usually play a more administrative role in the real estate process. An agent, by contrast, is a salesperson hired by a broker to interact with and handle the legwork for the clients.
A buyer’s agent represents a home buyer or seller in a real estate transaction. A buyer’s agent will find Singapore property listings that match your needs, works with the seller’s agent to schedule showings and accompanies you on visits to tour the home. If you’re interested in the house, the agent handles price negotiations and other terms of the sale, and coordinates the appropriate paperwork.
A seller’s agent will help you determine a listing price for a Singapore property and can suggest repairs, upgrades and staging ideas to boost the home’s appeal. He or she is in charge of marketing the house to prospective buyers and other agents through signage, websites, print ads, open houses and other methods. As with a buyer’s agent, a seller’s agent represents you in negotiating the sale.
Questions to ask a prospective property agent or broker in Singapore:
How long have you been in the business?
How long have you worked in this area?
Do you work full time or part time in this business?
Do you represent buyers or sellers exclusively, or both?
What are your professional affiliations?
For sellers: How will you market my home?
For buyers: How will you find homes that might interest me?
Have you had recent sales in the neighborhoods that I might interested in?
Can you provide me with references?
Do you have a license from the Council for Estate Agencies (CEA)?
How do you charge?
What do your services include?
Will I be working with anyone else?
Find a property agent or broker in Singapore on Houzz. Narrow your search in the Professionals section of the website to property agents and brokers. If you’re in the market to buy or sell a home, you may be interested in hiring other professionals as well. Here are some related professionals and vendors to complement the work of estate agents: Home Stagers, Photographers.
Find property agents near me on Houzz
Before you hire a property agent in Singapore, browse through our network of 146 property agents. Read through home owner reviews, check their past projects and then request a quote from the best property agents near you.