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T(65)6259 0880
F(65)6353 3070
1 Goldhill Plaza
#02-47
Podium Block
Singapore 308899
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Selling your property can incur
costs such as the real estate agent's commission and legal
fees when using a solicitor. Other costs to be taken into
account are advertising and marketing costs, a valuation
report, pest and building inspection reports, as well as
financial fees.
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» a checklist may include ...
- Agents Commission.
Typically, agents commission ranges from 3 to 5% plus GST.
- Advertising & Marketing Costs.
Real estate agents will charge the seller fees for
advertising and marketing your property in order to
achieve for you the highest possible price. This can
involve advertising your property in local newspapers, on
property websites, or dedicated property magazines. GST is
payable by the seller on these items and included in the
advertising account.
Advertising and marketing is particularly essential if you
decide to auction your property - the more people who are
aware of the auction date, the more likely it is you will
achieve a high turnout on the day and consequently sell
your property at the best price.
- Legal Costs.
Solicitor's fees are negotiable - it is advisable to
compare the fees being charges by a few different
solicitors. Good referrals and past experience is valuable
when choosing your legal representative.
- Financial institution fees.
As the seller of property
your bank or financial institution may charge you for
their attendance at the Settlement to receive and
discharge the mortgage. Fees vary between institutions.
- Valuation report.
In some cases the seller may wish to
procure a valuation of their property to give to potential
buyers.
- Inspections and other miscellaneous items which can
include preparing the property for sale through garden and
painting service providers and other attendant costs of
making the property look its best for potential buyers.
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