blackjack
Joined: 04 Jan 2006
Location: anyang
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 Posted: Wed Jul 29, 2009 5:40 pm Post subject: |
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| Ruthdes wrote: |
| phoneboothface wrote: |
| Ice Tea wrote: |
It's standard practice to work through a realtor in Korea. Typically the landlords own multiple places and don't give too much attention to them. And I'm pretty sure a realtor must sign the lease.
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I've done it without one. My landlord owned multiple places. Hopefully I didn't spliff you too bad or whatever but it would save someone money if you didn't use one. What would be the point if you find the person yourself, anyhow? Think of the 'for sale by owner' signs in the West...
Disregard / flame me but I think it might actually help you find a tenant quicker if they knew it was gonna be cheaper ie no agent. |
I agree with this and the next post. For those who don't know, in Korea, both the landlord and the tenant pay a commission to the realtor when the lease is signed. I don't know what the US situation is like, but in Australia, the realtor takes a percentage of the rent and has an ongoing relationship with the tenant and landlord. Here, the realtor is out of the picture after the lease is signed. Therefore, if you find a tenant yourself, neither have to pay the commission. I've found that landlords are generally quite eager to avoid using a realtor. Maybe not Ice Tea's landlord, but for any prospective tenant it would be worth looking into. It could save you 300,000 won. |
For villas and apartments as well as some of the smaller offictels. However Some of the bigger officetels the realtors have exclusive contracts with the building owners. My building isn't owner by a person but rather a corporation (or what ever you call it). Ops is probably the same |
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