agent commission for selling hdb 90 23

The common agent Fee for offering an HDB flat in Singapore is often 2% on the transacted cost, While this price is negotiable rather than lawfully fixed. Some companies, which include Ohmyhome and Homeseller, provide decrease, preset commission charges, with a few starting as low as 1% or maybe a flat fee of $1,999. The commission is paid out by the vendor for their appointed agent, which rate covers A variety of companies, together with advertising and marketing the residence, coordinating viewings, negotiating with potential purchasers, and handling the required HDB resale paperwork. For the flat marketed at $600,000, a two% Fee would total to $twelve,000, when a one% amount could well be $six,000, not together with GST. It is a common practice for sellers to engage a single agent to represent their pursuits, with the customer’s agent, more info if a person is used, often receiving a percentage of the vendor's Fee by way of a co-broking arrangement. Furthermore, sellers must concentrate on other prospective expenses, like legal service fees as well as HDB resale levy.