For most of us who want to sell our property, we’d almost definitely hire a real estate agent, even though it will cost us a pretty penny.
Commission to an agent for a successful transaction is 1% to 2% of the transacted price. That’s $10,000 to $20,000 for a $1million property. If you are feeling cheap and want to save yourself the commission, you could advertise for buyers on your own, either through word of mouth, taking out an ad in the Classifieds in the Straits Times, or in recent years, posting it on property portals.
We’ve even heard of extreme cases where sellers sign up for the Real Estate Salesperson course, so they could handle their own transaction. One got his license to handle all his property sales and
