agent commission for selling hdb 90 23

The conventional agent commission for selling an HDB flat in Singapore is usually two% from the transacted rate, Though this amount is negotiable and not legally fastened. Some organizations, like Ohmyhome and Homeseller, offer you lessen, set commission premiums, with a few beginning as low as 1% or maybe a flat fee of $1,999. The commission is paid out by the seller to their appointed agent, which cost handles a range of click here providers, which include marketing and advertising the residence, coordinating viewings, negotiating with opportunity buyers, and handling the necessary HDB resale paperwork. For any flat offered at $600,000, a 2% commission would sum to $12,000, even though a 1% fee can be $six,000, not like GST. It can be a typical exercise for sellers to interact an individual agent to depict their passions, with the client’s agent, if one particular is utilised, typically obtaining a part of the seller's commission via a co-broking arrangement. On top of that, sellers should really be familiar with other opportunity prices, which include authorized costs as well as the HDB resale levy.