LUKE LIM PROPERTY

LukeLimProperty charge a standard 2% commission+GST for sales. Nothing more. And it's payable only when the deal is sealed. We will undertake all marketing costs like professional photography, videography, 3D plans, portals fees, social media marketing, home staging etc. In short, all the risks are on us! And it goes before and beyond the sales! We are the dedicated project manager/advisor, and work with competent bankers, lawfirms and partners to make sure everything are in order for you!

The consultation is free-of-charge and non-obligatory. Why it is so? Why do we do that? In this day and age, you would have seen a lot of advertisements enticing homeowners to upgrade to a bigger flat, to sell one and buy two, to do 99/1 ownership, to decouple and the list goes on. A lot of homeowners start to believe that it is the natural next step to take. And this is concreted by their many friends who had done that. But everyone have different aspiration. Different financial goals. Different liabilities. One man's meat can be another man's poison. And we have seen numerous cases of homeowners in difficult situation due to the steps they took. That's why we want to have this consultation to understand you and your needs, to propose options, and most importantly to cover your blind spots. After the discussion, we will prepare and send you a customised report based on your numbers. You can then decide whether to appoint us to work with you. That's the way we prefer to be treated before we engage any services. That's why we made adding value to you a cornerstone of our business!

1) What is an exclusive appointment? There are 2 kinds of appointments - Exclusive and Non Exclusive. Extracted from Council of Estate Agencies (our governing body) website: Quote Starts/ Exclusive - You appoint only one property agency during the validity period of up to three months. Non Exclusive - You appoint a few property agencies to help you sell, buy, or rent a property. You can choose the type of agreement depending on your needs and preferences. Generally, property agents engaged on an exclusive basis are likely to devote more resources and time to look after your interests. /End Quote (Source: https://www.cea.gov.sg/docs/default-source/module/newsletter/may-jun-2016/201605/prescribed-estate-agency-agreements.html) 2) Why we only market on an exclusive basis? You have placed your trust in us to market your biggest asset and we will definitely invest in it to deliver the best. We value transparency in our business. So to put it simply, these are upfront investment and present some business risk for us. While we undertake all marketing costs like professional photography, videography, 3D plans, portals fees, social media marketing, home staging etc, our commission will only be payable when the deal is sealed. That's why it will only be viable for us to operate well through a mutually committed appointment by our clients. Some sellers prefer non exclusive appointment to create competitions amongst agents to fight for the best price. However from a business perspective, few agents will dare to commit extra money and resources into a listing they share with many others. And it is also harder for us to fight for the best price for you when another agent is trying hard to persuade you to take a lower offer. Because most buyers will just contact one by one to see which agent is willing to push through the offer. So, the strategy may just work against your favour. We value industry professionalism and would be happy to cobroke with all other agents to get maximum exposure for you!

LukeLimProperty charge a standard 1% commission+GST for HDB Purchase. What is the process like? We will start with a consultation to understand you and your needs, to propose options, and most importantly to cover your blind spots. Once you have appointed us on an exclusive basis, we will start the 5 stage process to secure your ideal place. Plan budget - Check loan eligibility and financial numbers. Shortlist and Viewings - Exchange shortlisted links, arrange for viewings, shortlist top 3 choices. Automated Resale Profiling System (ARPS) - Profile top 3 choices, analyse quality, entry price and exit plans, final verdict. Negotiations - Statistical research based on unit, strategical positioning (avoid overpaying yet avoid being outbid. Post Closing - Plan and monitor timeline, request for valuation, submission to HDB, secure loan, liaise with lawfirm (for bank loan), subsequent payment timeline, and guidance until takeover.

Typically, there will be no commission payable for Private Resale or Private New Launch Purchase. We will cobroke with the seller's agent or if it's a New Launch Purchase, our agency, PropNex Realty Pte Ltd will collect from the developer. What is the process like? We will start with a consultation to understand you and your needs, to propose options, and most importantly to cover your blind spots. Once you have appointed us on an exclusive basis, we will start the 5 stage process to secure your ideal place. Plan budget - Check loan eligibility and financial numbers. Shortlist and Viewings - Exchange shortlisted links, arrange for viewings, shortlist top 3 choices. Automated Resale Profiling System (ARPS) - Profile top 3 choices, analyse quality, entry price and exit plans, final verdict. Negotiations - Statistical research based on unit, strategical positioning (avoid overpaying yet avoid being outbid.) Post Closing - Plan and monitor timeline, secure loan, liaise with lawfirm, subsequent payment timeline, and guidance until takeover.