agent commission for selling hdb 90 23

The typical agent Fee for marketing an HDB flat in Singapore is often 2% on the transacted price, Despite the fact that this rate is negotiable and never lawfully preset. Some agencies, for example Ohmyhome and Homeseller, give reduce, mounted Fee fees, with some starting up as little as one% or a flat charge of $1,999. The commission is paid out by the vendor for their appointed agent, which rate handles a range of providers, which include advertising the home, coordinating viewings, negotiating with likely read more prospective buyers, and managing the mandatory HDB resale paperwork. For a flat sold at $600,000, a two% Fee would amount of money to $twelve,000, while a one% level would be $six,000, not including GST. It is a common practice for sellers to have interaction only one agent to stand for 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. On top of that, sellers should really be familiar with other probable expenditures, for example authorized charges and also the HDB resale levy.