Dear seller,
Typical fees incurred in selling a property will be:
1) 2% commission based on selling price (7% GST is applicable on the commission)
2) Administrative fees for discharging your existing mortgage loan
3) Legal fees
Seller's Stamp Duty is applicable if you are selling it under 4 years from your purchase (date you exercise the Sales and Purchase Agreement/Option To Purchase to the date your buyer exercises the Option To Purchase).
Depending on your home loan and the involvement of CPF, legal fees may also vary. I am working very closely with a conveyancing broker where I have noticed that the legal fees are very competitive for consumers and most of my clients have no issues in engaging the lawyers introduced by him.
Let me know if you have any other concerns or questions? We can meet up to discuss more in details.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://youtu.be/6UfrCOCB6Mg
Regards,
Geryl LIM
Real Estate Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
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