The common agent Fee for offering an HDB flat in Singapore is often 2% on the transacted price, While this rate is negotiable and never lawfully preset. Some companies, for instance Ohmyhome and Homeseller, offer reduced, fastened Fee prices, with some setting up as little as 1% or even a flat cost of $one,999. The Fee is paid by the seller to their appointed agent, and this price 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 sold at $600,000, a two% Fee would amount to $12,000, while a 1% rate could be here $6,000, not such as GST. It really is a typical apply for sellers to engage just one 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. Moreover, sellers need to pay attention to other prospective fees, including legal fees and the HDB resale levy.