Asked by Ms Tan
Dear all Gurus,
I am dealing with a real estate agent in my hometown and I have some questions what to ask :
1) An agent introduce a property to me and I am offering a price lower than the price given to me by an agent, I was told to pay a deposit for making the offer, is that the right procedure by the agent?
2) The property is from a deceased person and it has not transferred to the name of a rightful owner or beneficiaries. There is no court order ready and I was told to get a lawyer and draft an agreement, I am doubt as I am yet to get a confirmation from the Sellers themselves about their willingness to sell their property.
Please help! Thank you
I am dealing with a real estate agent in my hometown and I have some questions what to ask :
1) An agent introduce a property to me and I am offering a price lower than the price given to me by an agent, I was told to pay a deposit for making the offer, is that the right procedure by the agent?
2) The property is from a deceased person and it has not transferred to the name of a rightful owner or beneficiaries. There is no court order ready and I was told to get a lawyer and draft an agreement, I am doubt as I am yet to get a confirmation from the Sellers themselves about their willingness to sell their property.
Please help! Thank you
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TQVM for your advise.
1) Yes, I'm dealing with a registered real estate agent here. He collected my earnest money in cash even b4 they get the approval from the rightful owners. As early as when I wanted to offer.
2) The principal told me that the LA letter is ready. But he can't give it to me. Only pass to my lawyer.
Now, I am asking for a comfirmation letter from rightful owners but they refused to give me. Keep pushing me to draft S&P.They says they dont have customer asking so much doc like me.
3) They want to charge to 3% commission and then later negotiated to 2%, can they do so for a property introduce by them?
Do I have right to get back my earnest money in this case?
Thank you.