agent commission for selling hdb 90 23

The normal agent commission for selling an HDB flat in Singapore is usually two% from the transacted selling price, Even though this fee is negotiable instead of legally mounted. Some businesses, such as Ohmyhome and Homeseller, supply decreased, fixed commission charges, with a few setting up as low as 1% or possibly a flat cost of $one,999. The Fee is paid by the seller to their appointed agent, and this payment addresses A selection of services, such as promoting the assets, coordinating viewings, negotiating with potential purchasers, and dealing with the required HDB resale paperwork. For the flat marketed at $600,000, a 2% commission would sum to $12,000, although a click here 1% charge can be $6,000, not which includes GST. It truly is a typical follow for sellers to interact an individual agent to symbolize their interests, with the buyer’s agent, if 1 is utilized, frequently receiving a portion of the vendor's Fee by way of a co-broking arrangement. In addition, sellers ought to concentrate on other possible costs, such as lawful expenses along with the HDB resale levy.