agent commission for selling hdb 90 23

The standard agent commission for providing an HDB flat in Singapore is typically 2% of your transacted value, Whilst this charge is negotiable rather than lawfully fixed. Some companies, for instance Ohmyhome and Homeseller, provide reduced, fastened Fee prices, with some starting off as little as one% or perhaps a flat price of $one,999. The Fee is compensated by the vendor for their appointed agent, and this charge covers A variety of expert services, including advertising and marketing the residence, coordinating viewings, negotiating with opportunity purchasers, and handling the necessary HDB resale paperwork. For any flat offered at $600,000, a 2% commission would sum to $12,000, although a 1% charge can be $6,000, not like GST. It truly is a typical follow for sellers to interact an individual agent to depict their passions, with the client’s agent, click here if a single is employed, usually getting a portion of the seller's Fee by way of a co-broking arrangement. Moreover, sellers need to pay attention to other likely fees, like legal service fees as well as HDB resale levy.