SoonOh Posted May 15, 2019 Share Posted May 15, 2019 In an Exclusive one year listing contract agency agreed to maintain exterior grounds and show property to all potential buyers. They do not maintain grands as promised and always have an excuse not to show property that is located about 25km from office. Your positive advice or suggestions will be much appreciated and welcomed Link to comment Share on other sites More sharing options...
Puchaiyank Posted May 15, 2019 Share Posted May 15, 2019 Most of my experiences with realtors have been positive, however, two bad experiences remain etched in my mind. 1. Left rental property in hands of realtor as I had accepted a job in another city...rental checks stopped coming in...realtor was pocketing checks... 2. Realtor agreement to sale home...company insisted on asking much more than I felt home would bring in housing market. Many people came by to see home...other homes were selling in my neighborhood...did some checking...they were using my over-priced home to sell more reasonable priced homes...fired realtors...put sign out "For Sale By Owner"...reduced price by amount realtor would have received...sold in 2 weeks... ???? Link to comment Share on other sites More sharing options...
ezzra Posted May 15, 2019 Share Posted May 15, 2019 You should compile a registered letter addressed to the head of realtor office whereby to list all the shortfalls and grievances you have with their service and attitude and put them on notice to do better or you will cancel the contract, give them some time to try to do better, if still unhappy, notify them of the contract's termination forthwith in a register letter... Link to comment Share on other sites More sharing options...
theoldgit Posted May 16, 2019 Share Posted May 16, 2019 This is in the totally wrong forum, it has nothing to do with visas, I’ll move it to a more appropriate one.Sent from my iPhone using Thaivisa Connect Link to comment Share on other sites More sharing options...
watcharacters Posted May 16, 2019 Share Posted May 16, 2019 8 hours ago, Puchaiyank said: reduced price by amount realtor would have received...sold in 2 weeks... ???? Is there a set percentage or fixed amount given to the selling agency? Link to comment Share on other sites More sharing options...
scorecard Posted May 16, 2019 Share Posted May 16, 2019 7 hours ago, ezzra said: You should compile a registered letter addressed to the head of realtor office whereby to list all the shortfalls and grievances you have with their service and attitude and put them on notice to do better or you will cancel the contract, give them some time to try to do better, if still unhappy, notify them of the contract's termination forthwith in a register letter... But recheck the original contract, it might have a clause like: - If another agency / person sells the property the original selling agency is also entitled to a selling commission, and even more, it not have an end date. Beware. My neighbor ran into this a few years back, so he hand delivered a letter to the agency involved telling them he was withdrawing his property from their books that same day and demanded they make a written note of his copy that they had received his letter and dated. Plus another document which he demanded they sign and date to the effect that from same day the agency confirmed they were not entitled to any payments from the seller for any item including future selling commissions, regardless of who actually sold the property (or words to that effect). Link to comment Share on other sites More sharing options...
Puchaiyank Posted May 16, 2019 Share Posted May 16, 2019 10 minutes ago, watcharacters said: Is there a set percentage or fixed amount given to the selling agency? Yes, but they may not all be the same...just ask...they will tell you...seems like 6-10% was the going rate a few years ago... Be careful to check all calculations...I took my calculator to a signing..."discovered a 100000 baht "mistake"...didn't even get an apology...lol Link to comment Share on other sites More sharing options...
KittenKong Posted May 16, 2019 Share Posted May 16, 2019 17 hours ago, watcharacters said: Is there a set percentage or fixed amount given to the selling agency? All commission rates are 100% negotiable. Many agencies will try and make you think that there is a fixed rate but it isnt true. Quoted rates are usually around 3-5%. But it is quite common here for a vendor to say "I want 3MB for my condo" and then for the agency to list it at, say, 3.5MB or 4MB for no valid reason. Link to comment Share on other sites More sharing options...
alacrity Posted May 17, 2019 Share Posted May 17, 2019 14 hours ago, KittenKong said: All commission rates are 100% negotiable. Many agencies will try and make you think that there is a fixed rate but it isnt true. Quoted rates are usually around 3-5%. But it is quite common here for a vendor to say "I want 3MB for my condo" and then for the agency to list it at, say, 3.5MB or 4MB for no valid reason. The valid reason could well be that the agent is over-valuing your property in order to make other properties more attractive. Failing to maintain your property could well indicate this but I'm assuming if you're aware of this you must be here. Don't be reliant on hearsay. Western styled codes mean nothing here. Unless you're committed to the agent being a sole proprietor of any transaction, add more agents to your portfolio but check referrals first. You may be recommitting to the same agent many times. If you're resident try the Thai networks. Over the past two years we've easily sold some properties that we wanted to realize. Which was always our objective. Link to comment Share on other sites More sharing options...
KittenKong Posted May 17, 2019 Share Posted May 17, 2019 21 minutes ago, alacrity said: The valid reason could well be that the agent is over-valuing your property in order to make other properties more attractive. That could certainly be one reason but I would not call it a valid one. Link to comment Share on other sites More sharing options...
alacrity Posted May 17, 2019 Share Posted May 17, 2019 5 minutes ago, KittenKong said: That could certainly be one reason but I would not call it a valid one. Valid to an agent though. Nothing personal but it's business. Link to comment Share on other sites More sharing options...
watcharacters Posted May 24, 2019 Share Posted May 24, 2019 On 5/16/2019 at 1:27 PM, Puchaiyank said: On 5/16/2019 at 1:13 PM, watcharacters said: Is there a set percentage or fixed amount given to the selling agency? Yes, but they may not all be the same...just ask...they will tell you...seems like 6-10% was the going rate a few years ago... Be careful to check all calculations...I took my calculator to a signing..."discovered a 100000 baht "mistake"...didn't even get an apology...lol Thanks for the reply. I've been told a problem with realtor fees is if it's percentage based, an issue arises at the land office when it comes to reporting the actual house selling price. The seller often wants to report a lower price in order to lower transaction fees or taxes. I don't speak from experience as I've never bought a house in Thailand. Link to comment Share on other sites More sharing options...
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