agent commission for selling hdb 90 23

The common agent Fee for promoting an HDB flat in Singapore is usually two% from the transacted selling price, Even though this fee is negotiable instead of legally set. Some businesses, such as Ohmyhome and Homeseller, supply decreased, fixed commission charges, with a few setting up as low as 1% or even a flat cost of $one,999. The Fee is compensated by the seller to their appointed agent, and this charge addresses A selection of products and services, such as internet marketing the property, coordinating viewings, negotiating with possible customers, and dealing with the required HDB resale paperwork. For your flat bought at $600,000, a two% Fee would total to $twelve,000, when a one% fee might be $six,000, not which include GST. It is actually a standard exercise for sellers to have interaction one agent to characterize their passions, with the client’s agent, if one particular is utilised, typically obtaining a part of the here seller's Fee via a co-broking arrangement. Also, sellers really should know about other likely charges, including legal fees and the HDB resale levy.