Property
A Singaporean’s Step-By-Step Guide: How to Buy a HDB Resale Flat Without an Agent And Save on Fees
By Seedly  •  September 9, 2020
Sometime last year, my family and I moved house from an HDB resale flat in the Northeast to an HDB flat that was more central. Just as we were about to engage a property agent for our HDB flat purchase, I met a friend of mine and told him about our plans to do so. This was a turning point, as my friend strongly advised us to buy an HDB flat without an agent and save on the one per cent commission when you engage a property agent to buy a flat. Although one per cent may not seem a lot, hear me out. To get an idea of how much you can save, I took the average of the median prices for four-room HDB-flat in all the towns for Q2 2020. The value I arrived at is $466,154, which means that you will save about $4,661.54 in property agent commission fees. Imagine, this money can be used to renovate your home and build a mini cinema room in your house....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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