The common agent Fee for offering an HDB flat in Singapore is often 2% on the transacted rate, Though this level is negotiable and not legally fastened. Some agencies, including Ohmyhome and Homeseller, present lower, set commission premiums, with a few beginning as low as one% or simply a flat fee of $1,999. The commission is paid out by the seller for their appointed agent, which cost handles a range of providers, like advertising the house, coordinating viewings, negotiating with probable potential buyers, and managing the necessary HDB resale paperwork. To get a flat sold at $600,000, a 2% commission would amount to $12,000, while a 1% rate could be $6,000, not including GST. It's a common practice for sellers to engage a single agent to represent their pursuits, with read more the customer’s agent, if a person is made use of, normally acquiring a part of the seller's commission via a co-broking arrangement. On top of that, sellers should really be familiar with other opportunity expenditures, for instance authorized charges and also the HDB resale levy.