Marketing

Well done, well done.. Another villa off the grid! (“,)

For a while now this was on the market. It is officially a done deal last week after a prominent buyer from West Malaysia came with his family, viewed and purchased it outright. This was one of the very few units left of 338 U-Thant.

Personally, the one thing that struck out nicely of this development has to be its location. Sitting nicely right along Jalan U-Thant not too far from the main road, it spans over 1 acre+ of freehold land in the heart of KL city neighbouring the exclusive embassy belt. This development also boasts a limited number of villas with only 12 units for the privileged owners.

Access to either side of town is also a plus. To the left, you will reach the Tun Razak main road in less than 5mins (walking!) and to the right, you will get to MRR2 (Middle Ring Road 2) and Ampang Jaya in less than 5mins (driving).

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The price may be hefty for some, but for those who liked the idea of a suburban lifestyle in an ultra-modern concept home, this is a dream come true. The nearby area is matured and you can get almost anything just a couple of minutes of drive. Not to mention, you will be staying in an area filled with notable and prominent figures as your neighbours. The cost of the place immediately dwarfed into comparison.

The pool is filled with saltwater – a very good alternative to those of chlorine based pool. The interior finishing is top-notch and air ventilation is especially well – even when you’re a level down from the ground floor. It’s like having an air-conditioner on!

The rooms are fitted with anti-season fittings and furnishing, making it look modern even after 10 years down the road. The developer is thoughtful enough to include modernised jalousie window panes in certain areas of the house to promote ventilation and also a certain barricade to noise – not that it’s noisy out there. This villa also comes with 4 private parking bays. Talk about brimming with luxuries.

Well. That’s that. Another satisfied customer and agent. Look forward to coming back here and make a lucky strike. It’ll be tough in this market now, but if one never give up things will happen for those who persevere. Thanks for the opportunity (you know who you are) and may we all prosper when the market does a u-turn to its rightful state.

Enjoy the rest of the week y’all! Cheers!

 

Another case study… for agents (Part 2)

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  1. The pic of the agent is no other than – the buyer’s girlfriend!
  2. Both Agent A and B was shocked nonetheless.
  3. Agent A called up the owner and told him what has happened.
  4. However, the owner didn’t want anything to do with these agents’ issues. He just wants to make sure the deal goes thru although he was made aware that he is potentially selling at a lower price (hence the 2% agent fee) to this particular buyer if the agent is indeed someone attached to him.
  5. That is expected though.
  6. As also expected, when the agents tried to get hold of the buyer, he couldn’t be reached. And so does everyone.

Moral of the story for agents out there:

Make sure you try your best to get exclusivity. Always get your agency appointment letter signed by the owner. Without that, you are just another ‘person’ helping another person to market his/her property. Not until you have the appointment/exclusivity in black and white, the above would likely happen.

To the lady agent, all I can say is… karma strikes quick sometimes… (“.)

Another case study… for agents (Part 1)

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In general,  in real estate, there is a lot of weird and dirty tricks being deployed to come out on top. This happened recently to our fellow agents.

Scenario:

  1. Agent A and Agent B co-broking on an RM 530k apartment
  2. Agent B brought a potential buyer for viewing
  3. Buyer came but insist on bringing the girlfriend for a second viewing
  4. Both came a week later and was satisfied with the unit but needed to renovate the unit extensively. The buyer said he needs to get his contractor relative to do a site visit to estimate the cost.
  5. This happens the following week. However, Agent A couldn’t make it (it was a weekend and with things to follow up) and told Agent B to take care of it during the visit and try to close the deal.
  6. Buyer finally decides to make an offer and both him and the owner came to an agreeable price.
  7. However, while waiting for the buyer to come out with a cheque (earnest deposit), the owner called up Agent A and told him that a lady agent by the name of C****tine from M****City called him and says she will drop by to hand over the cheque for the purchase.
  8. Agent A was dumbfounded. Nevertheless, still get the owner to entertain the lady and see if this was indeed true as he nor Agent B could make it to the unit.
  9. The owner called back not long after saying this offer and cheque came from the same buyer Agent A and Agent B is working on.
  10. Both the agents tried calling the buyer and the lady agent to confirm the whole fiasco.
  11. As expected, none picked up their calls.
  12. Moments later, the buyer texted both agents and mentioned that he has not made up his mind buying the unit.
  13. Agent A felt something amiss and did a search on the lady agent. Her name, number and face popped up in one of the property portals.
  14. He sent the pic to Agent B.
  15. To be continued….

More affordable homes around Klang Valley – The Fresco Apartment new buddy website!

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Hey guys! Guess what. We are generating more and more visits thru The Fresco Apartment and it’s going great! But we do realise that most of the properties on display are of a higher value bracket. So, we thought, why not a place where there’s something for everyone and it is affordable, gorgeous and best of all, having us as your agents! We are proud to announce our buddy site The Frescoroom where we have rentals as low as RM2,000 and sales below the RM 1M mix.

We always believe that ‘Everyone deserves the best, even with a little less!’.

Hop on to the site and enjoy your stay. Let me know if you have comments or how we could improve the site better.


Unpleasant surprise during a viewing

This morning, while waiting for my next appointment, I received a call from my client, the house owner whom I’m supposed to meet with my buyer later. The call came in almost 1/2 hour earlier before the viewing and he told me that there was an offer made to him by another agent, who claimed that he know me.

The line wasn’t clear at that point and I was crossing the road while my client kept telling me that ‘my buyer’ and the other agent (I supposed my client don’t care much about who is who at this point) made a cash-buy offer. I was like…??? “Didn’t we confirmed the appointment/viewing 1/2 hour later?” I don’t think my buyer got there so early and made the offer without my presence. The house owner also told me the agent lowballed him with a ridiculous offer.

The agent then proceeds to get my client to sign an agency appointment letter for exclusivity. He was told to return with a better and more solid offer and also without having to sign the appointment letter.

When I got to the scene, my client showed me the agent’s business card and I told him I don’t know anyone by that name. This is indeed a blatant way to make up stories to confuse a home seller, just to have yourself an appointment letter and trying to go exclusive. Please don’t be so low fellow agents. If you need to, learn to do things the right and honest way. Don’t beat around and quote someone’s name if you don’t actually know them. When yu do this, instead of getting closer to the home seller, you are actually pushing yourself further away as you lose trust from them.

TLDR (too long didn’t read) version

  1. A roguish agent approach my client with an ambiguous cash offer out of nowhere
  2. Client called and informed me that the agent quote and knows me
  3. The agent suggest that my client sign an appointment letter with his agency for exclusivity with the promise of a cash deal
  4. Client declined and we proceed with the viewing

Although home sellers are for all to approach, it’s the ‘way’ how we do it separates the proper and the immoral ones. And, never, never quote anyone that you are not associated with – with anything.

Nevertheless, you can always come to Avid Estates to learn a few tricks on how to be a good and ethical estate agent! Cheers!