11 Answers

YT Tan (陈永达)
Good afternoon Nino,

You will only need to pay the agent that helps you to secure a buyer and close the deal and not of them.

The agent's commission will be based on the sale price and not the asking price. Standard commission for sale is 2% of sale price plus 7% GST but you can discuss this with your agent.

Hope my explanation clarifies your doubt.

If you need any assistance or advice in your property sale, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
Rix Jim
Hi Mr Nino,
For the selling of properties, there are both pros and cons in getting either a solo agent, a few agent or making your property a open listings. firstly, the agent would need to understand the market condition and at the same time a good negotiator in order to assist you to secure a best prices at any given time.
As this transaction involved a big sum, my suggestion would be to engaged a agent you feel comfortable with who is proficient in his/her job.
Do drop me a call or an e mail for a more detailed discussion with no obligation before you commenced with the selling.
CCheers
Rix Jim
9687 1379
rix.jim@hotmail.com
Propnex
Aaron Chong
Hi Nino, you only need to pay to that particular agent who managed to secure a buyer for your unit. The commission payable will be at 2% plus gst. Having multiple agents may not be at your advantage as no agents would likely place your interest first and invest money on newspaper advertisements. Pls feel free to let me know if you need any assistance.

Regards
Aaron
97308455
aaronchong2774@yahoo.com.sg
Geryl Lim
Hi Nino,

As Mike has explained, when you engaged the services of 3 agents to market your property for sale, you may have better exposure, however, the competitiveness may drive the prices down as agent may outbid one another 's pricing, which does not do you any favour. In paying out comissions (seller pay the appointed agent 2% of the transacted price where 7% GST of this amount is applicable), you will definitely want to maximise the prospects of selling high. How about engaging my team where Our assignments are usually comarketed by multiple agents who will be reporting tothe listing IC, and commissions paid will be shared among the team which will take care of your interest and you will have less headache in having to juggle the viewing coordinations with so many people and worse case, same buyer arranging with 2 different agents to view your unit.

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Geryl LIM

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Mobile: +65-81577565/+65-92787772

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D. Kumar
Hi Mr Nino,

Having multiple agents would might lead to price wars, which only poses a disadvantage to you. With the sliding market in view, would you want an even more uncompetitive price for your sale? Since 1 agent will eventually be selling your flat, might as well appoint one to control your price and deliver the best price possible in today's weak market! Commission for Sales is 2% plus GST and for purchase will be 1% Plus GST.

Please feel free to contact me at 96659926 for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner to assist you further. Please be rest assured, I will walk you through the entire process. I have been in the industry for many years and have many accolodes to my name. I have been in this industry for many years and just received yet another award just yesterday night for overall Top Achievers for 2014. Such shows my commitment and dedication to my job and my clients welfare.

To value add your understanding, I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live sales transactions caveats for your understanding,share on financial calculations/ loan related matters and make available rental yield projections, if needed as well as future capital appreciation stakes. As the transaction of a property involves matters of finances and legality, I have my partners whom I work closely with to assist you immediately on all queries pertaining to the relevant field, which makes it hassle free!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

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Ivan Ng
Hi,

As many have shared, you only need to pay the agent that closes the deal. Commission is based on transacted price achieved for your unit by the seller agent. Commission is typically 2%+7%GST but it is negotiable.

Having an open listing has its pros and cons, cons namely a lot of administrative hassle and agents vying for the fastest way to close the deal (most probably lowest price). There is also little or no commitment since seller is not as committed to whichever strategy agent can propose to them. For open listings, it is typically 2% commission or higher to justify the competition seller has created. It is down to your choice. Thanks and hope to have the opportunity to work with you. I will be glad to assist in marketing your unit as well.

Warm regards,
Ivan ERA
97432395
Ivanng10@gmail.com
Www.ivanng10.com
Sunil Kumar
Hi

It's only the agent who closes the deal and commission is based on the transacted price.

Feel free to contact me if you need any assistance.

Thanks
Sunil
81630450
Suni550@gmail.com
C and H properties
Jolyn Tan
Dear Mr Nino

You will only need to pay the agent that closed the deal and the commission is based on the transacted price of the property.
Hope this addresses your queries and hope to have the opportunity to work with you on this sale.

Regards
Jolyn Tan
Dennis Wee Realty Pte Ltd
Mobile : +65-90118028
Email : jntan1@yahoo.com.sg
Jeffrey Heng
Hi Mr Nino,

Thanks for your post in Propertyguru.

I believe with regards to the question of commission rates and commission payout, you would already have got your answer from all the experts here.

As to getting the right salesperson for your house, i definitely believe you would have your own set of criteria and the feeling of whether you can trust and work with the salesperson must be there. If you are fine, maybe I can suggest that we can meet up for a chat on this. No worries as there are no obligations at all. We can just take it as a coffee or chat session and we can get to know each other as a friend. I can also take the opportunity to answer any other queries that you may have and also do a financial calculation for you.

I have served quite a number of clients over my time in the industry and many of them have now became my friends. Many of them have also left testimonials for me for my service rendered. You may take a look at my testimonials on my website, www.jeffreyheng.com. I definitely believe that I can provide the same level of service to you and hopefully even better.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Branch Division Director
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Silver Award - Best Client Service
(2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service
(2012/2013)

Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com
YT Tan (陈永达)
Good morning Nino,

You only need to pay your real estate salesperson while buyer will pays his representative.

Hope my explanation clarifies.

YT Tan
9111 5171
yt.lovelyhomes@gmail.com
Kevin Chung 莊國賢
Dear Nino

Finding 1 good & reliable agent to market your property is more important that have 3 inexperience but "hungry" agents to compete for a sale. Mulitple marketing agents will create a price war to attract buyers. Buyers attracted by lower advertised prices are not going to give you the best price.

It will be challenging for you to achieve the best possible price which make the % of commission irrelevant.

Good agents focus on exclusive for sale properties that are paying 2 or 3% commission and spend less time & effort on properties marketed by afew agents and paying 1%. It's a simple logic.

Do find an agent who is willing to give frank advise and somebody you are comfortable with at first meeting. If you trust the person, give him/her your confidence and pay him to help you make more money.

Do contact me at 96855070 if you need help.

Kevin Chung
Senior Sales Director, DTZ
+65 96855070