Buying FIRST HAND PROPERTY - Agent Pays to the BUYER ?

It's a fact that when you buy FIRST HAND PROPERTY,

the agent does not charge you commission, correct ?!

However, I have heard a case where the agent who helped the buyer to buy the FIRST HAND PROPERTY, not only that the buyer did not pay commission, the agent have given him money BACK ?


Is that possible ?

For first hand, the agents typically take their commission from the developer. You could say that the commission is built in to the price.


There is nothing to stop the agent from paying part of that commission to the buyer. I have not experienced his myself as I generally prefer to buy second hand.

The agents get 3-4% from the developer, so be sure to negotiate a rebate.


It will help to defray the extra cost of new properties, which is often 10-20% above comparable secondhand.


...And sometimes MORE than that. From today's SCMP:


"Prices for Century Gateway (in Tuen Mun) were up to double the current HK$5,500 to HK$6,100 per square foot transaction prices in the area..."


What's that old saying about Fools and Money??


The property next to me (Imperial Cullinan in the Olympic station area) is now being occupied as owners get their keys. If you check prices, it is "OFFERED" at prices equal to or below where it was sold one year ago, despite the uplift in the market.


BEWARE, Gentlemen and Ladies !