agent commission for selling hdb 90 23

The normal agent Fee for marketing an HDB flat in Singapore is typically 2% with the transacted cost, While this rate is negotiable and never lawfully preset. Some companies, for example Ohmyhome and Homeseller, give reduced, mounted Fee rates, with some starting up as little as one% or a flat payment of $1,999. The Fee is paid out by the vendor for their appointed agent, which fee covers A variety of companies, together with marketing and advertising the residence, coordinating viewings, negotiating with probable buyers, and handling the necessary HDB resale paperwork. To get a flat offered at $600,000, a 2% commission would quantity to $12,000, whilst a 1% price could be $6,000, not such as GST. It really is a common apply for sellers to engage just one agent to signify their interests, with the buyer’s agent, if one is used, often receiving a check here percentage of the vendor's commission through a co-broking arrangement. In addition, sellers should be aware of other potential prices, which include lawful costs as well as the HDB resale levy.