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| Junior Member |
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| 2084 Posts |
| in |
| China |
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| posted by Patrick Bateman 204 days ago |
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quote:
Originally posted by smog
The key thing to remember here is that the Agents are for all practical agents for the seller not the buyer - they are heavily incented to get the price as high as possible, which is clearly not in your best interests.
Actually, I'd like to clarify that point somewhat.
It is not necessarily in the interest of the agent to act in the interest of either party. If you consider that an increase in the purchasing price of a flat by 5% will be passed on to the agent - lets say fee from 100k to 105k, it makes sense that the agent will only care to close the deal as quickly as possible to secure his fee no matter what the final price is.
Indirectly, this could be a negative for both parties as the agent will try to make both parties feel happy with the price rather than push for more / less.
Sabrina, don't just stare at it. Eat it.
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