In Singapore, the commission rate paid to agents for selling a condo typically ranges from 1% to 2% of the selling price. This rate is negotiable and can vary depending on various factors such as:
The property agent's experience and track record: More experienced agents with a proven track record of successful sales might charge higher commissions.
The property's price and location: Properties in prime locations or with higher price tags may warrant a higher commission.
The level of service and marketing efforts offered by the agent: Agents who provide additional services like professional photography, virtual tours, and extensive marketing campaigns may charge more.
Important Note: The commission rate paid to the agent does not include legal fees, document registration fees, or other miscellaneous expenses associated with the sale of your condo. These costs are separate and need to be budgeted for in addition to the commission.
Here's a breakdown of the costs involved in selling your condo:
Commission: 1% - 2% of the selling price (paid to the agent)
Legal fees: Approximately S$2,000 - S$5,000 (paid to the lawyer)
Document registration fees: Around S$200 (paid to the government)
Other expenses: Marketing costs (optional, paid to the agent or third-party vendors)
Before engaging a property agent, it is essential to:
Discuss the commission rate upfront: Clearly understand the commission rate and any additional fees that may be applicable.
Get a written agreement: Ensure that you have a written agreement with the agent outlining the terms of service, commission rate, and duration of the agreement.
Compare rates and services: Consider getting quotes from multiple agents to compare their commission rates, experience, and services offered.
By understanding the costs involved and comparing different agents, you can make an informed decision and choose the agent who best suits your needs and budget.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
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"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
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(***) You can check out my reviews here:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
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