Dear Sir,
1. For a resale property, the option fee is 1% of the purchase price. The option period is usually 2 weeks. You have to pay another 4% of the purchase price for the option exercise fees when you exercise the option.
2. The balance is payable upon the completion of the purchase which is about 10 weeks from the date of exercise.
3. Stamp Duty is payable within 14 days from the exercise of the option. You may use your CPF to pay the stamp duty but it is usually paid in cash first and subsequently reimbursed from CPF.
4. You will be eligible for ABSD remission but you have to bear in mind that both you and your wife will have to purchase the condo jointly in order to qualify for the remission.
5. Purchased date is usually the option exercised date.
6. Yes you can. You can also use up to 50% of your minimum sum for the purchase of the condo.
7. Yes. CPF can be used to pay for stamp duty.
Please feel free to contact me so that I can assist you further and guide you thru the whole process!
Regards,
Nick Tan
(M)
+65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com
Testimonial from Satisfied Clients (2015/2016)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
Read More
