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I will be selling my 4 room flat in Jurong West soon and going to buy a 3 room in the open market (looking at east, near mrt, preferable corner). Do I have to pay both seller's commission and buyer's commission? If so, at 1% each transaction?
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4 Answers

Hi Ms Tan,

You may opt to DIY for both transactions but should you require the services of a salesperson for both, service fees will be applicable. A typical sale transaction is 2% of selling price +'GST while purchasing will be 1% + GST. Clients do pay me more for value adding services and advise before therefore we can work on the figures. Just like what Vincent has indicated, most importantly is to fetch you a good price for both sales and purchase, where the benefits you get outweigh the serice fees you will be paying.

Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
Facebook: https://www.facebook.com/propertyblogshop

Dynamic Alliance Group @ www.DAG.com.sg
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Afternoon Evelyn,

Under CEA regulation, commission payable is not fixed as per market rate hence you can work this figure out with your marketing associate. If you choose to buy and sell through the same salesperson, you would likely to get better rates. As to whether to buy first or sell first, it would definitely be dependent on your requirement.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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You want to hear the honest view?

Market norm
sell 2% (with GST)
buy 1% (with GST)

Anyone offering big discount may likely pro-rate their quality of service, and likely you saved on the penny and lose the pound.

Call Raymond ERA
 83369187  Read More
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  • ET
    Hi Raymond. Thanks for your honesty :)
    If I source the flat say from Property Guru and call the agent myself? Do I have to pay the buyer's commission @ 1%+GST too?
Hi Ms Tan,

If you source the unit from propertyguru yourself, you need not pay that agent commission for buying. That is what Is termed as DIY buyer, where you will take care of all paperworks required for the purchase.

Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
https://www.facebook.com/propertyblogshop
https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e
DAG - Dynamic Alliance Group @ www.DAG.com.sg
Landed Dynamic Alliance
Home of *7772 Hotline
We Sold More Than 100 Landed Homes
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!
**Aspiring to be your preferred partner in real estate**

The Game Is Changing...
International Property Opportunities Await!
Don't Be Left Behind!
More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment.
I would like to thank more than 120 of you who have took out your precious time in attending the original Landed Homes Sales Exhibition on 7 & 8 September. 1 unit was sold with 4 units reserved over this 2 day event. Do look forward to our next edition. Register with me if you are keen. Read More
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