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282 replies to this topic | 798 praises

#1

Posted 01 April 2013 - 09:15 PM

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What is the market rate for commission for selling a private property ? Or it is
up to the seller ? Any expert can help clear this ?
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#2

Posted 01 April 2013 - 09:32 PM

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I thought there are many agents here in MCF.....why so quiet leh ?
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#3

Posted 01 April 2013 - 09:33 PM

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What is the market rate for commission for selling a private property ? Or it is
up to the seller ? Any expert can help clear this ?


When I was doing property many years ago, it was about 1% of the transaction price.

Dunno whether now change already or not.

#4

Posted 01 April 2013 - 09:38 PM

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What is the market rate for commission for selling a private property ? Or it is
up to the seller ? Any expert can help clear this ?


I paid 2 percent but was worth it. Sold the house within 3 days. His network in the area was solid. sold with tenancy. buyer never even view.

But my lawyer mentioned that i should only be paying 1 percent for properties above a million.

#5

Posted 01 April 2013 - 09:46 PM

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When I was doing property many years ago, it was about 1% of the transaction price.

Dunno whether now change already or not.

OK....According to Spore Real Estate Agency, it should be from 1 to 2 %.
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#6

Posted 01 April 2013 - 09:48 PM

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I paid 2 percent but was worth it. Sold the house within 3 days. His network in the area was solid. sold with tenancy. buyer never even view.

But my lawyer mentioned that i should only be paying 1 percent for properties above a million.

Thanks, but if more than 2 mil.....it should be 1% I suppose right ?
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#7

Posted 01 April 2013 - 09:49 PM

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1%. and please be fair and don't squeeze below 1% :P and no, im not an agent, though i deal with them regularly.

#8

Posted 01 April 2013 - 09:54 PM

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Thanks, but if more than 2 mil.....it should be 1% I suppose right ?


I can't advice on that. The one i sold was at 1.18M. He has been dealing with my rental all the way kind of thing.

I saw some high end property on property guru. They paying 0.7percent but those really high end one la.

#9

Posted 01 April 2013 - 10:06 PM

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all along, i thought there is a "standard rule" of 2% selling and 1% buying.
but, of course, rule is not legalized.
if the service is good, you can give more. if the service is poor, you can negotiate for less.
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#10

Posted 01 April 2013 - 10:18 PM

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all along, i thought there is a "standard rule" of 2% selling and 1% buying.
but, of course, rule is not legalized.
if the service is good, you can give more. if the service is poor, you can negotiate for less.

dun give a damn about svc. give a damn only about the price u want.

#11

Posted 01 April 2013 - 10:19 PM

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all along, i thought there is a "standard rule" of 2% selling and 1% buying.
but, of course, rule is not legalized.
if the service is good, you can give more. if the service is poor, you can negotiate for less.

this one for HDB.

for private. only seller pay.
Those who are for a cleaner MCF, change your avatar to a empty black image.

#12

Posted 01 April 2013 - 10:31 PM

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i believe paying top dollar for top talent.
so far i always get the desired results

but unfortunately i cannot say the same for my tax dollars

#13

Posted 02 April 2013 - 02:39 AM

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1% for private property. Don't spoil market by giving more leh. :p

But don't low ball the agent by giving less than 1%.

#14

Posted 06 April 2013 - 10:50 AM

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If u advertise on yr own and agent call u, just tell them only can afford 0.5% or $5000 or $10000.
If they are desperate, they will take it.

#15

Posted 06 April 2013 - 11:00 AM

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If u advertise on yr own and agent call u, just tell them only can afford 0.5% or $5000 or $10000.
If they are desperate, they will take it.

Tink is more like take it but dun put in too much effort type

#16

Posted 06 April 2013 - 11:24 AM

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I thought there are many agents here in MCF.....why so quiet leh ?



agents will tell u min 2% according to "blah-blah-blah" (BS one)

mkt norm for pte is 1% (incl any co-broke comm)

and there's no such thing as a "standard" commission as that's been outlawed by CCS. if the agent produce any "documents" to show that they are entitled to charge 2%, report it to CEA.

i once paid 0.5% (incl GST).



#17

Posted 06 April 2013 - 12:26 PM

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agents will tell u min 2% according to "blah-blah-blah" (BS one)

mkt norm for pte is 1% (incl any co-broke comm)

and there's no such thing as a "standard" commission as that's been outlawed by CCS. if the agent produce any "documents" to show that they are entitled to charge 2%, report it to CEA.

i once paid 0.5% (incl GST).



lowballing its people's hardwork after all LOL

#18

Posted 06 April 2013 - 12:30 PM

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you save those few K and lose 10s of k?

Penny wise pound foolish IMHO pay for a good agent and save yourself a ton of trouble with the ever changing laws and money too

#19

Posted 06 April 2013 - 01:14 PM

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lowballing its people's hardwork after all LOL



hard work??..... laugh.gif laugh.gif


#20

Posted 06 April 2013 - 01:16 PM

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hard work??..... laugh.gif laugh.gif

actually depend on your property lah.

let say you are selling a property that worth 10Mil. 1% is 100K leh,, you think if you lower the commission they will not take?? sly.gif
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