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Ya, would like to find such an active agent here in Chiang Mai.  Have 18 rai of spectacular land looking out over 3 mountain ranges, adjacent to a big health resort, and 3 km down the road from Prem school.  Pretty much all the wife has done is stick a sign at the front entrance.

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1 hour ago, NotEinstein said:

150,000 for an introduction is way over the top in my estimation

If the buyer purchases the property and the deal is done through the introducer, then the commission is irrelative in my opinion, 3% sounds ok, alternatively you could pay peanuts and get monkies at 1% and perhaps be waiting for a long time, up to you as they say 🙏

 

As for back in your home country, well that's a different story then isn't it. 

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1 hour ago, ToddinChonburi said:

US realtors charge 6 or 7 % so this market still very cheap.

If anyone paid that in the US or anywhere else for that matter, they are idiots!

1.25 % on anything of high value ( over 5M THB) is loads. 

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When I first moved to Hua Hin in 2008, agent fees were usually 3% of the sale price paid by the seller to his agent/broker. No agent/broker fee was paid by the buyer. If there were 2 brokers involved in the sale then the 3% fee was split 50/50 by the brokers.

For the last 4 or 5 years there has been less and less agents willing to accept 3%, most now want 5% commission on the sale price.

 

This is my experience in Thailand, not the UK, not the US, Australia or anywhere else in the world, just Thailand.

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3 hours ago, NotEinstein said:

When a plot was selling for 20K, 3% made sense, but we are now talking 5 million. 150,000 for an introduction is way over the top in my estimation. In the UK, in the past, I have paid between 1 and 1.75%, which were quite considerable amounts due to the values involved. 

 

As for my wife, like most, getting 10K for little time and virtually no effort would be most welcome.

 

Agreed. Out here in the country sales will be through word of mouth. I doubt anyone would use real estate agents. The commission might be 3% for anything less than 1 million Baht, but would max out at 50,000 Baht for more expensive properties.

 

I know a farang who was desperate to sell his land. Finally, a Thai lady found a buyer and the deal (4 million Baht) was done within a week.  Her commission - he paid for dinner for the lady at a local restaurant!

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I gladly pay the 3% to the broker. Very fair and standard. Want to sell a 40sqm condo unit in the Silom-Surawong area in Bangkok for 2.5 million Baht.

E-mail me at chiangrai.maesai@gmail.com

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3 hours ago, ToddinChonburi said:

US realtors charge 6 or 7 % so this market still very cheap.

It's 5% in the US and that gets split between the buyer's and seller's agents. Sometimes it gets to 6%, but that's pretty rare. Nowadays there is a lot more negotiating because of the growing preference for Sell By Owner and the internet. The agent usually has to share the commission they get with the broker that they hang their license with.

Edited by GalaxyMan

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If it is a commodity type listing..standard condo, standard house in a mood baan..list it yourself on ddproperty.  Especially if the Thais could be buying..they have to pay commission, and will try to circumvent agents, which could cause you trouble later on.  I would be willing to pay a good agency with good marketing 3%, but too many just list and wait for you to drop the price, after telling you it was worth more to get the listing.  Some condos have bulletin boards, others have JPs that insist on sticking their noses in everything.  Might offer them 1%.  I have sold 9 homes and one piece of land..Sold four myself..pretty easy, and sold the land on Craigslist from 4000 km away, but the escrow system is much better in the US, but can also be $$$.

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Three percent seems to be the norm, however long the chain of connections is.
(Surely, I think for a shopping mall there are different rules)

Some charge 3 % of sales price for putting the ad up on the internet, could have office in a far away province and never show their face,  but according to contract (try to) make you pay 3 % even if you transfer to your sister.

Some charge 3 % for full service, reasonable acceptable estimate (not a how much do you want) , photography theirs, and actually visit the house to assess whether they can sell it at all.

Others just call around to sellers and intermediaries, to repost on internet for a commission share and call themselves real estate brokers.

Furthermore, it seems there are no requirement to call oneself a real estate broker at all. I was used to get estimates within 5 % of transaction value, by people who actually followed courses to understand local markets, know whether buildings complied to code, and to assess need for structural repairs, to get the license to call themselves Real Estate Brokers. 
in my about 10 transactions here, I worked with only one agency where leadership and one of the local ladies could be called a real estate agent, who gave the right appraisal price when asked, and sold within three months.

on summary, the same as in some other countries, Caveat Emptor.

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In samui 5% is the norm although I have been asked for 10% if they sold my house in a month for price I wanted . Didn’t take them up obviously !!

All of the ones I have met have been nothing but glorified taxis who took customers to the house and left me to show the customer around and answer questions. Now refuse to use any agents !

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8 hours ago, DrPhibes said:

Ya, would like to find such an active agent here in Chiang Mai.  Have 18 rai of spectacular land looking out over 3 mountain ranges, adjacent to a big health resort, and 3 km down the road from Prem school.  Pretty much all the wife has done is stick a sign at the front entrance.

http://www.maerimproperty.com/

 

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20 hours ago, DrPhibes said:

Ya, would like to find such an active agent here in Chiang Mai.  Have 18 rai of spectacular land looking out over 3 mountain ranges, adjacent to a big health resort, and 3 km down the road from Prem school.  Pretty much all the wife has done is stick a sign at the front entrance.

AND ?

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On 11/21/2019 at 10:00 AM, Quack said:

Any ideas where to find such an agent that actively searches for buyers?

I always use Perfect Homes to find buyers, tenants and as property managers. Very active, and honest. You can check their website. They have a big team now and have grown on personal recommendation. Like this!

Good luck

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