agent commission for selling hdb 90 23

The common agent Fee for offering an HDB flat in Singapore is often 2% on the transacted price, Though this level is negotiable and never legally fastened. Some agencies, including Ohmyhome and Homeseller, present lower, set commission premiums, with a few beginning as low as 1% or maybe a flat fee of $1,999. The commission is paid by the seller to their appointed agent, and this price handles An array of solutions, like marketing the property, coordinating viewings, negotiating with prospective customers, and dealing with the required HDB resale paperwork. For your flat bought at $600,000, a two% Fee would total to $twelve,000, when a one% amount might be $six,000, not which include GST. It is actually more info a standard exercise for sellers to have interaction one agent to characterize their passions, with the client’s agent, if one particular is utilised, typically obtaining a part of the seller's Fee via a co-broking arrangement. Also, sellers really should know about other likely fees, including legal fees as well as HDB resale levy.