The common agent Fee for offering an HDB flat in Singapore is often two% in the transacted rate, Though this level is negotiable and not legally fastened. Some organizations, including Ohmyhome and Homeseller, present lower, set Fee premiums, with a few commencing as little as one% or simply a flat charge of $1,999. The commission is paid out by the vendor for their appointed agent, which rate handles a range of providers, which include marketing and advertising the house, coordinating viewings, negotiating with probable potential buyers, and managing the mandatory HDB resale paperwork. For a flat sold at $600,000, a 2% commission would amount to $12,000, while a 1% rate could be $6,000, not such as GST. It's a common practice for sellers get more info 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 seller's commission through a co-broking arrangement. Additionally, sellers should be familiar with other opportunity prices, for instance authorized costs as well as the HDB resale levy.