The typical agent Fee for offering an HDB flat in Singapore is often 2% in the transacted rate, Though this amount is negotiable and not legally mounted. Some organizations, like Ohmyhome and Homeseller, offer you lessen, fixed commission costs, with a few starting 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 products and 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 1% charge can be $6,000, not like GST. It truly is a typical follow for sellers to interact just one agent to symbolize their passions, with the buyer’s agent, if 1 is utilized, frequently receiving a percentage of the vendor's Fee by way of click here a co-broking arrangement. Furthermore, sellers ought to concentrate on other possible costs, such as lawful expenses along with the HDB resale levy.