Stories

I saw the newspaper before I saw anything else.

It was the Straits Times classified section, open on the dining table.

The unit was empty, just a small round table and three chairs in an otherwise bare 2,500 sqft condominium.

This day turned out to be historical and memorable.

It was no shabby offer. It was higher than the last price recorded in March 2020 before Covid-19 Circuit Breaker and 14.8% higher than the last offer brought in by the seller’s previous sole agent in December 2019.

A disturbing pattern emerged as I delved deeper into the scammer’s tactics.

They would seek out unsuspecting tenants who had posted “rental property wanted” ads, luring them in with beautiful pictures and attractive prices.

As a property agent in Singapore, I’ve seen my fair share of negotiation tactics. Buyers want to buy low, while sellers want to sell high.

Today, I want to share a story that highlights the potential pitfalls of using low-ball offers when trying to secure your dream home.

I was doing research late one night.

Scrolling through listings. Looking at how properties were being presented online.

The usual quiet work that doesn’t make it into any conversation but takes up more hours than it should.

Then a set of photos stopped me.

I stood in an empty apartment holding someone else’s keys.

I walked the rooms alone. Checked the fittings, the finishes, the things that needed to be flagged. Took notes. Took photos.

Did the job.

Luke & Angie (not their real names) came to see a landed house that I was marketing one Sunday afternoon. It was love at first sight 😍

But then, there was one problem. They couldn’t buy without selling their existing condo first.

This post was originally written in August 2014 when I was still a property agent with OrangeTee.

Though I’ve left OrangeTee, it doesn’t change how I felt listening to the speakers and sitting in HDB Hub’s auditorium that day.

When I heard who the two property agents were, my confidence was shot to pieces.

My chances didn’t look too good.

Surely it was game over?