agent commission for selling hdb 90 23

The standard agent commission for advertising an HDB flat in Singapore is typically 2% of your transacted value, Whilst this price is negotiable rather than lawfully preset. Some agencies, for example Ohmyhome and Homeseller, give reduce, mounted Fee fees, with a few beginning as low as 1% or maybe a flat rate of $1,999. The commission is paid by the seller to their appointed agent, and this payment addresses A selection of products and services, including advertising and marketing the residence, coordinating viewings, negotiating with potential purchasers, and handling the necessary HDB resale paperwork. For any flat offered at $600,000, a 2% commission would quantity to $12,000, whilst a 1% price could be $6,000, not such as GST. It's click here a common practice for sellers to engage a single agent to represent their pursuits, with the customer’s agent, if just one is applied, generally obtaining a part of the seller's commission via a co-broking arrangement. Also, sellers really should know about other likely charges, including legal service fees as well as HDB resale levy.