agent commission for selling hdb 90 23

The conventional agent Fee for marketing an HDB flat in Singapore is often 2% on the transacted price, Despite the fact that this level is negotiable and never lawfully fastened. Some agencies, including Ohmyhome and Homeseller, present lower, mounted Fee fees, with a few commencing as low as one% or simply a flat charge of $1,999. The commission is paid out by the seller for their appointed agent, which cost handles a range of providers, like marketing the home, coordinating viewings, negotiating with likely 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, though a one% level would be $six,000, not including GST. It is read more a standard observe for sellers to have interaction only one agent to stand for their pursuits, with the customer’s agent, if a person is made use of, normally acquiring a part of the seller's commission via 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.