Hi,
Sharing some current real estate market practice:
1) Buy when engaging an agent:
(a) HDB: 1%
(b) Private resale: No charge. Your agent will co-broke and share the commission with the seller's agent or direct from the seller, dependent on a different scenarios.
(c) Private new launch: No charge. Your agent will collect commission from the developer.
2) Sell when engaging an agent:
(a) HDB: min 2%, dependent on service and marketing strategy, can go as high as 7%.
(b) Private resale: Dependent on the service and marketing strategy. Minimum 2% (this is because the commission is shared with buyer's agent).
(c) Private new launch: Dependent on the developer. Non-negotiation.
Thus dependent on which type of property you are purchasing to determine how much is a fair market rate.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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