How to find genuine sellers and real estate agents who work on commission

There is no option exist in Pakistan for it. Unfortunately we just have to pay this amount and that's how it works in our country. This is reality and after long time getting frustrated from all this, I have patiently accepted it.

Yes i totally agree with you most of the cases are like this but i know some people personally who do the deals and take fair amount of 1% if they are single or take 2% commission if the multiple agents are involve.

Dear Sir,



There are good as well as bad people in every field and every corner of the world.



One of the property dealer sold a 32 lac plot in 56 lac to one of the guy from our village.



The same guy visited me and I give very good consultation and was charging him 1 percent as per the property rule but in the end he went to someone and got probably what he deserve.





Best Regards:

Zahid

Only on Mars.!

This "top" business is something that Malik Riaz and taught to his gringos very well. Now they have perfected the art and no deal is without "top".

However, you should insist on buying from the original owner. Check allotment letter to confirm and then negotiate price yourself. Your insistence on this procedure will break this chain selling.

The other technique is to delay the deal. Usually these intermediates have short time to pay so delays will frustrate them and they'll negotiate a lower price.

Not sure why, but my previous response is still not showing up. May be going through a moderation for some reason.



Thanks Ali, AM Abbasi, Zahaid and Isloo1 for your valuable comments and feedback.



Still looking to do a business with genuine sellers if there are any....

Can someone please explain what is this "top"? How does it work?

AB Brother, very genuine, touching and concerning point shooted by you....we observed here that very few worthy members have replied to ur question...i m also going through the same situation and finding difficulty to find genuine agent / dealer who take comission and get me good deal...any ways, as said by one of the member, good dealers / agents do exist in our country..lets hope, we find one.

Waleed bro,

Definition from Dealer-dictionary:

"Top" (noun) or "Top Lagana" (verb) are the terms used in realty industry where a dealer mints extra money by selling your property through intermediaries with the view to jack up price and keep the difference.

Process:

Dealers make a chain of buyers and sellers. Suppose you are A, your dealer is B, dealer's buddy an investor is C and they both find a genuine buyer who is D. Then this single sales transaction makes a chain like this:

A -> B -> C -> D

Suppose you had bought a plot some 2 years ago for 8 lac. You put it up for sale through a dealer. He tells you that he has a buyer who pays 10 lac. He then tells the investor that I have a plot with 4 weeks payment time at price 12 lac. You agree and biyana is paid. Now B and C make effort and find a genuine buyer and sell him for 14 lac, C recovers his biyana money from D.

Now payment time comes, so B takes A, C and D to transfer office, A and D sign documents, D pays balance amount in draft and cash. C keeps his profit (cash), B keeps his profit (cash). Then B takes commission from A and D in cash. And everybody goes home happy.

You invested 8 lac, waited for 2 years and made 2 lac profit (minus taxes, commission and expenses). Your dealer invested Rs.0 and made 2 lac profit (plus 2-side commission). The investor invested 2-3 lac in biyana, waited for 2-3 weeks and made 2 lac profit.

اس کو کہتے ہیں، پراپرٹی ڈیلنگ کا نیا طریقہ۔ کہیے پسند آیا۔

When prices are increasing fast, this chain sometimes include 3, 4, or 5 investors. They all gather at transfer time and no-one knows who is who (except the dealer, of course).

Well said Isloo1 sb

Thanks Isloo1 and Abdul Qayyum sb. Appreciate your time and effort.



Any tips on avoiding all this top game besides insisting on finding the original seller/owner?