agent commission for selling hdb 90 23

The conventional agent Fee for providing an HDB flat in Singapore is typically 2% of your transacted price tag, although this fee is negotiable instead of legally mounted. Some businesses, like Ohmyhome and Homeseller, offer you lessen, fixed commission costs, 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, which cost handles An array of providers, like marketing the home, coordinating viewings, negotiating with prospective prospective buyers, and managing the mandatory HDB resale paperwork. For just a flat sold at $600,000, get more info 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 a single agent to represent their pursuits, with the customer’s agent, if just one is made use of, normally acquiring a part of the seller's commission through a co-broking arrangement. On top of that, sellers should really be familiar with other opportunity expenditures, for instance authorized charges and also the HDB resale levy.