Jump to content
Luckcent

Property Agents' commission

Recommended Posts

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 ?

↡ Advertisement

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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 %.

↡ Advertisement

Share this post


Link to post
Share on other sites

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 ?

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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%.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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).

 

 

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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

↡ Advertisement

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×