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Brokerage fees - whats the typical these days

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Brokerage fees - whats the typical these days

Last updated: August 3 2020
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  • Brokerage fees - whats the typical these days

    Hi all,

    I'm in the market to sell a property of mine in Vatika Manesar side. What is the typical commission to pay to a broker these days, who is helping me close a deal?

    Thanks!,

    Norbert

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  • #2

    #2

    Re : Brokerage fees - whats the typical these days

    I beleive it's 1% of deal price which is universal acorss NCR until unless you have different terms with the broker.

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    • #3

      #3

      Re : Brokerage fees - whats the typical these days

      Originally posted by norbert View Post
      Hi all,

      I'm in the market to sell a property of mine in Vatika Manesar side. What is the typical commission to pay to a broker these days, who is helping me close a deal?

      Thanks!,

      Norbert

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      Nothing is fixed as such. Sold an apartment 7-8 months back in Gurgaon and paid 0.5%. Had sold another apartment a few years back, which was of a small local Builder with real bad construction quality & equally bad location near Palam Vihar, GGN for which almost no customers were available & had paid 1.5%.
      Please read IREF rules | FAQ's

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      • #4

        #4

        Re : Brokerage fees - whats the typical these days

        Thanks guys! Slightly conflicting info but still super useful - really appreciate it!!

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        • #5

          #5

          Re : Brokerage fees - whats the typical these days

          Originally posted by norbert View Post
          Thanks guys! Slightly conflicting info but still super useful - really appreciate it!!
          Nothing conflicting. To put it in simpler words, Brokers would generally demand 1%, how much u pay depends on your negotiating skills, your urgency of selling, whether Property/location is is in demand or not etc.
          Please read IREF rules | FAQ's

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          • #6

            #6

            Re : Brokerage fees - whats the typical these days

            Originally posted by MANOJa View Post
            Originally posted by norbert View Post
            Thanks guys! Slightly conflicting info but still super useful - really appreciate it!!
            Nothing conflicting. To put it in simpler words, Brokers would generally demand 1%, how much u pay depends on your negotiating skills, your urgency of selling, whether Property/location is is in demand or not etc.
            Thanks Manoj for the help!

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            • #7

              #7

              Re : Brokerage fees - whats the typical these days

              Originally posted by MANOJa View Post
              Originally posted by norbert View Post
              Thanks guys! Slightly conflicting info but still super useful - really appreciate it!!
              Nothing conflicting. To put it in simpler words, Brokers would generally demand 1%, how much u pay depends on your negotiating skills, your urgency of selling, whether Property/location is is in demand or not etc.
              I think these days considering not many transactions happening and Real Estate having bad time so we can negotitate with broker on charging low..

              Right??

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              • #8

                #8

                Re : Brokerage fees - whats the typical these days

                Originally posted by anujwadhwa View Post
                I think these days considering not many transactions happening and Real Estate having bad time so we can negotitate with broker on charging low..

                Right??
                Yes, easy to negotiate in bad times, but one can always negotiate in any times.
                Please read IREF rules | FAQ's

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