The common agent Fee for offering an HDB flat in Singapore is often 2% on the transacted cost, While this price is negotiable rather than lawfully fixed. Some companies, which include Ohmyhome and Homeseller, provide decrease, preset commission charges, with a few starting as low as 1% or possibly a flat rate of $1,999. The commission is paid by the seller to their appointed agent, which cost handles a range of providers, which include advertising the house, coordinating viewings, negotiating with likely potential buyers, and handling the necessary HDB resale paperwork. To get a flat offered at $600,000, a 2% website commission would quantity to $12,000, although a 1% charge will be $6,000, not like GST. It truly is a typical follow for sellers to interact an individual agent to depict their passions, with the client’s agent, if one particular is utilised, typically getting a part of the seller's Fee via a co-broking arrangement. Also, sellers really should know about other probable expenditures, for example authorized charges and also the HDB resale levy.