There are a number of things that you need to know about managing a real estate agent contract. These include the following:
Take the contract seriously. Make your agent explain every term of the contract to your satisfaction. If you are unsure about anything, seek professional help from an expert such as an attorney or an accountant.
Be intelligent and never fail to read the fine print. Act with confidence that you are ready, willing, and able to understand the deal completely.
Ask for everything you want and be prepared and willing to negotiate on every item. Have the courage to speak up concerning a point, no matter how small, in the negotiation. Offer a discounted price if that’s what you want to do.
Obtain legible copies of every form and addendum associated with your offer, counteroffer, and escrow.
Keep an organized file. There is a ton of paper involved. Besides legal forms, you’ll have separate forms for inspections, ordinances, agent fiduciary matters, commissions, health hazards, insurance, and much more.
Act in a timely fashion – it’s an important part of the deal – especially if the market is in the seller’s favor.
Walk out if you don’t like the deal. If you feel that you’re being treated in a less-than-professional manner, make it clear that this is unacceptable. If necessary, change agents, cancel the deal, and move on. It’s the only way to make it clear that you will not tolerate second-class treatment.
Buying a home in Singapore may be a one-time deal, and there’s a lot of money involved. Before making a deal with any agent, make sure that you know what you are doing. Follow the steps mentioned above in order to sign a good contract with a real estate agent.