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Hi James, as long as you have outstanding mortgage loan, you need to sell first before can qualify for 80% loan for the next purchase. Once you can show the exercised OTP of your sold flat to the bank, you will qualify for 80% loan for the next property purchase. Pls call me at 96836230  to discuss further. Tks. Ander ERA Read More

The S&P process needs careful and confident planning in financial, timeline and checklist especially HDB, CPF, bank and lawyer etc. Recently my client 'suddenly' bought a dream condo while 'holding on' to a HDB flat.
They needed the extra 'funds' for the condo.
Hence, after a series of planning, discussion and deliberation, they finally decided to sell their HDB unit.
Engage an agent if you expect a consistent S&P process.
The stress relief effort is enormous and the commission is insignificant.
Check this site: www.catherinepang.com Read More

Morning James,

Firstly, you need to work out your financial prudency. Knowing how much you have and how much you can borrow.
Second, work on the preferred location for your new home and match it against your budget.
Thridly, you can choose to hunt for unit first then sell, sell first then start hunting or do both concurrently. Different situation calls for different approach.
If you purchase first, certain arrangement need to be coordinated between your seller, banker, salesperson and your mindset, which have being done.
If you sell first, you can get better price for selling but you may not be able to have the time to hunt for the perfect lodging.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More