Property
3 Easy Ways To Lower Your Property Agency Commission
By ValueChampion  •  April 14, 2021
Buying or renting your new home is an exciting time. While you may be focused on the location, design of the house, and the monthly maintenance charges, try not to forget the commission fees you have to pay the agency. In Singapore, the average commission costs range from 0-2% depending on the type of flat and whether you are renting or buying. For instance, HDB flats might charge buyers 1% in commission, while private properties might have no additional commission charges. While these fees seem small, they could amount to thousands of dollars. Below, we listed some things to keep in mind to help you pay the least amount in commission when you are buying or renting real estate. Know the Charges You Might Have To Pay While there is no standard commission rate, there are rules one should follow when accepting a fair price. For instance, if your monthly rent is less than S$3,500, and you will only be there for a year, expect to pay about half of your monthly rent in commission for acquiring the flat....
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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