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kaylinpickles

Housing Agent's Commission

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hi all, sorry if this is a repeated post but i really cant find the answer i need. exactly how much do we need to pay the housing agent? i understand its 2% for seller, and 1% for buyer. so for my case, i'm both the seller AND the buyer rite? so do i hv to pay a total of 3%?? did a calculation...i'm gonna sell my EA flat, if 3% then its gonna cost like over $10K, which is really ridiculous! someone pls kindly advise. so i pay 3% to my own agent, or do i hv to pay the other side's agent oso? thx!

Edited by kaylinpickles
 

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the standard is 1% for buyer 2% for seller.

if u sell ur flat u pay the agent 2% of the selling price. and u buy another flat with him u pay him 1% of the buying price.

i suggest u talk to ur agent and nego. some can take lesser. if not just find another agent who will help u do it at lesser or better still, just learn the procedures and do it yourself.

 

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