1. The report is good for those who do not have the time to do some research. The content of the report can be obtained from various property websites.
2. This is an isolated case. I guess it's bad luck for the owner to get only 1 buyer who pressed down the price. The buyer has insider news.
3. There are situations where desperate sellers who wants to get rid of the property fastest at a discount in order to tie over a crisis. Perhaps the price this agent brought in was the ONLY offer for the period they market. The sale took place at a time of transition when property market was about to take off.
4. Flipping a property for a fast gain is common practice, but hiding information/providing misleading information/not giving a seller a "best" deal is sinful of a property agent.
5. in all industries, there will be black sheeps. there should be some systems of control to weed them out. the housing agents industry is one desperately in need now.
6. Willing buyers vs willing sellers. Do ur homework. DON'T BLAME ANYONE. BE SMART!
7. Middle men are dangerous.
8. All property agents should be regulated. There are simply too many fly-by-night agents in Singapore.
9. Better engage an agent (pay him a fee and transfer the accountability risk to him) to do it.
10. Invite prospective buyers (not agents) to send in their quotations with a description of the properties listed in the newspaper.