Luckcent 4th Gear April 1, 2013 Share April 1, 2013 What is the market rate for commission for selling a private property ? Or it is up to the seller ? Any expert can help clear this ? ↡ Advertisement Link to post Share on other sites More sharing options...
Luckcent 4th Gear April 1, 2013 Author Share April 1, 2013 I thought there are many agents here in MCF.....why so quiet leh ? Link to post Share on other sites More sharing options...
Benarsenal Turbocharged April 1, 2013 Share April 1, 2013 What is the market rate for commission for selling a private property ? Or it is up to the seller ? Any expert can help clear this ? When I was doing property many years ago, it was about 1% of the transaction price. Dunno whether now change already or not. Link to post Share on other sites More sharing options...
Shemmy Clutched April 1, 2013 Share April 1, 2013 What is the market rate for commission for selling a private property ? Or it is up to the seller ? Any expert can help clear this ? I paid 2 percent but was worth it. Sold the house within 3 days. His network in the area was solid. sold with tenancy. buyer never even view. But my lawyer mentioned that i should only be paying 1 percent for properties above a million. Link to post Share on other sites More sharing options...
Luckcent 4th Gear April 1, 2013 Author Share April 1, 2013 When I was doing property many years ago, it was about 1% of the transaction price. Dunno whether now change already or not. OK....According to Spore Real Estate Agency, it should be from 1 to 2 %. Link to post Share on other sites More sharing options...
Luckcent 4th Gear April 1, 2013 Author Share April 1, 2013 I paid 2 percent but was worth it. Sold the house within 3 days. His network in the area was solid. sold with tenancy. buyer never even view. But my lawyer mentioned that i should only be paying 1 percent for properties above a million. Thanks, but if more than 2 mil.....it should be 1% I suppose right ? Link to post Share on other sites More sharing options...
Sp4wn Turbocharged April 1, 2013 Share April 1, 2013 1%. and please be fair and don't squeeze below 1% :P and no, im not an agent, though i deal with them regularly. Link to post Share on other sites More sharing options...
Shemmy Clutched April 1, 2013 Share April 1, 2013 Thanks, but if more than 2 mil.....it should be 1% I suppose right ? I can't advice on that. The one i sold was at 1.18M. He has been dealing with my rental all the way kind of thing. I saw some high end property on property guru. They paying 0.7percent but those really high end one la. Link to post Share on other sites More sharing options...
Ladykillerz 4th Gear April 1, 2013 Share April 1, 2013 all along, i thought there is a "standard rule" of 2% selling and 1% buying. but, of course, rule is not legalized. if the service is good, you can give more. if the service is poor, you can negotiate for less. Link to post Share on other sites More sharing options...
Felipe 3rd Gear April 1, 2013 Share April 1, 2013 all along, i thought there is a "standard rule" of 2% selling and 1% buying. but, of course, rule is not legalized. if the service is good, you can give more. if the service is poor, you can negotiate for less. dun give a damn about svc. give a damn only about the price u want. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged April 1, 2013 Share April 1, 2013 all along, i thought there is a "standard rule" of 2% selling and 1% buying. but, of course, rule is not legalized. if the service is good, you can give more. if the service is poor, you can negotiate for less. this one for HDB. for private. only seller pay. Link to post Share on other sites More sharing options...
Comnao 1st Gear April 1, 2013 Share April 1, 2013 i believe paying top dollar for top talent. so far i always get the desired results but unfortunately i cannot say the same for my tax dollars Link to post Share on other sites More sharing options...
Asher 1st Gear April 1, 2013 Share April 1, 2013 1% for private property. Don't spoil market by giving more leh. :p But don't low ball the agent by giving less than 1%. Link to post Share on other sites More sharing options...
Mcf777 Turbocharged April 6, 2013 Share April 6, 2013 If u advertise on yr own and agent call u, just tell them only can afford 0.5% or $5000 or $10000. If they are desperate, they will take it. Link to post Share on other sites More sharing options...
Felipe 3rd Gear April 6, 2013 Share April 6, 2013 If u advertise on yr own and agent call u, just tell them only can afford 0.5% or $5000 or $10000. If they are desperate, they will take it. Tink is more like take it but dun put in too much effort type Link to post Share on other sites More sharing options...
Soya Supersonic April 6, 2013 Share April 6, 2013 I thought there are many agents here in MCF.....why so quiet leh ? agents will tell u min 2% according to "blah-blah-blah" (BS one) mkt norm for pte is 1% (incl any co-broke comm) and there's no such thing as a "standard" commission as that's been outlawed by CCS. if the agent produce any "documents" to show that they are entitled to charge 2%, report it to CEA. i once paid 0.5% (incl GST). Link to post Share on other sites More sharing options...
Cerano 1st Gear April 6, 2013 Share April 6, 2013 agents will tell u min 2% according to "blah-blah-blah" (BS one) mkt norm for pte is 1% (incl any co-broke comm) and there's no such thing as a "standard" commission as that's been outlawed by CCS. if the agent produce any "documents" to show that they are entitled to charge 2%, report it to CEA. i once paid 0.5% (incl GST). lowballing its people's hardwork after all LOL Link to post Share on other sites More sharing options...
Cerano 1st Gear April 6, 2013 Share April 6, 2013 you save those few K and lose 10s of k? Penny wise pound foolish IMHO pay for a good agent and save yourself a ton of trouble with the ever changing laws and money too ↡ Advertisement Link to post Share on other sites More sharing options...
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