Most would appreciate a set target. For example, when we plan for a vacation, we would know where we're headed and book the trip accordingly. When we buy a pair of shoes, we check the price tag, then decide if we want to buy it. When we pick up fresh fish from the market, the fishmonger will weigh it, give us a price and then we pay for it.
How does one decide to complete a purchase, when there is no set price?
This situation has become common in the real estate industry. Are the market forces really so dynamic that the prices are changing like the stock exchange? It's looking like my colleagues and myself have become a trader, instead of a property broker.
Imagine if you saw the price tag on a pair of shoes that read $80.
You try it on, it fits, you walk to the cashier, take out two $50-bills.
Then the cashier tells you, 'sorry, this pair actually costs $160.
That is not unethical, it may be sloppy work on the part of the shop OR simply cheating.
Ethics and cheating may emit similar negative vibes, but they are totally running on different tracks.
A colleague of mine was in such a predicament yesterday.
Words were exchanged and a buyer left Singapore upset.
The reality of it all is not the market that's causing this constant price change, it's greed.
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