The conventional agent Fee for advertising an HDB flat in Singapore is typically two% of the transacted price tag, although this fee is negotiable instead of legally mounted. Some businesses, such as Ohmyhome and Homeseller, offer you lessen, fixed commission costs, with a few starting as low as 1% or maybe a flat rate of $1,999. The commission is paid by the seller to their appointed agent, and this cost handles An array of solutions, like marketing the home, coordinating viewings, negotiating with prospective prospective buyers, and managing the mandatory HDB resale paperwork. For just a flat bought at $600,000, a two% Fee would amount of money to $twelve,000, while a one% level would be $six,000, not including GST. It is a check here common practice for sellers to engage only one 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 potential prices, which include lawful costs along with the HDB resale levy.