agent commission for selling hdb 90 23

The standard agent commission for selling an HDB flat in Singapore is usually two% from the transacted selling price, Even though this amount is negotiable and not legally fastened. Some organizations, like Ohmyhome and Homeseller, present lower, set commission premiums, with a few beginning as low as one% or simply a flat fee of $1,999. The commission is paid out by the seller for their appointed agent, which rate handles a range of providers, which include advertising the home, coordinating viewings, negotiating with likely prospective buyers, and managing the mandatory HDB resale paperwork. For a flat sold at $600,000, a 2% Fee would amount to $twelve,000, while a check here one% rate would be $6,000, not including GST. It's a common practice for sellers to engage a single agent to represent their pursuits, with the customer’s agent, if a person is made use of, normally acquiring a percentage of the vendor's commission through a co-broking arrangement. Additionally, sellers should be aware of other opportunity prices, which include authorized costs as well as the HDB resale levy.