AskGuru Q&A Community

Hi Mr Avi,

1) Commisison for selling is 2% and commission for assisting buyer to purchase a HDB unit will be at 1%. Legal fee and other miscellaneous will be about $2000.

2) You will need to declare to HDB if you own any overseas property and you may not be allowed to purchase any HDB unit. ( case to case basis)

3) Due to the weak market sentiment, it is advisable to sell first before you commit to the next property.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Mr Avi,

1) Standard market commission for selling is 2% and for buying is 1%. Stamp duty is only applicable for purchasing the HDB. For legal fees, you may use HDB lawyers which are cheaper ie typically a few hundred dollars.

2) You will need to appeal to HDB to get the approval to keep your overseas property. Approval is granted on a case by case basis. I can share with you more on the appeal process.

3) In my opinion, it will be better to sell first due to the current market conditions. It is easier to buy than to sell and therefore selling first is advisable as you will be able to wait out for a good price for your flat and not be pressurized to sell if you were to buy first.

I have assisted many of my clients to sell and buy concurrently and have just transacted a unit at Punggol Place for a record high price.

Please feel free to contact me so that I can understand your situation better and provide you with further assistance!

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 (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 benefited 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

* Read More

Hi Mr. Avi,

Typically commission for the sale is 2% and the purchase is 1%. Stamp duties only applies for the purchase, which is approx 3% of purchase price. Legal fees wise, if you are on HDB loan, you can apply for HDB conveyancing. There are also HDB admin fees to take note, and both HDB conveyancing and admin will add up to approx 1k. (For each transaction).

If you have overseas property, current regulations is such that you are required to dispose the ownership of the property after purchasing the HDB. You could appeal to the HDB Branch if you have unique circumstances, and approval is on a case by case basis. I be able to share more on the appeal process.

It depends on how you wish to structure the process, you need not sell first. Typically for current subdued market, it will be better to secure a buyer first before embarking on the next move. There are pros and cons in either option, be it (sell first then buy / buy first then sell / selling & buying concurrently, ie. Contra case)

I will be glad to share more. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---

Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.

In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.

He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services. Read More

Hi Mr Avi M

Since the other real estate salespersons have answered your questions, what I will do is to suggest your next step.

You may write to gavin.ng@orangetee.com or call 9620 0827  for a no obligatory chat on your concerns.

We can do a simulation of a pro-forma Sell and Buy to help ascertain the cash flow. Assist in your strategic direction of whether to Sell first Buy later and to establish your eligibility.

Awaits for your response.

Gavin Read More

Hi Mr Avi,
I am able to assist you throughout the process. There are some important things to be careful, example where to stay after sold. For buying, the loan quantum is an important factor. I can assist to compute the estimated loan amount with some data from you. Please drop me an email for me to share more details.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi Sir. I would love to assist. Kindly reached me via a call or sms away at 91442664  for a detailed discussion on budget, financial breakdown and timeline.
Looking forward to assist your property needs.
Tricia Tan
 65 91442664  Read More

Hi Mr Avi,

To begin, I would like to point out the key essential in the sell-buy process and that is the : Financial Cash Computations and Calculations. It is recommended to have a preliminary discussion with a professional who will work out your financial cash projection, generation of sales proceeds and factor in the likely purchase price so that the process is smoothly facilitated and ensures you a tidy substantial profit. Sometimes, being rookies and unfamiliar with the overwhelming process, a slight wrong decision can lead to a paper loss and even actual loss!

As we are experiencing a market downswing with weak market sentiments, it may take a longer time to sell of your existing unit. However, as long as we embrace the realistic approach, of maximum exposure and setting realistic yet profitable purchase price, we will maximize the timeline. For this, I would need to have a physical look at the unit, study the recent up to date transaction caveats of similar sized units in vicinity and hence, present a sales and elevation report to advise further. Furthermore, a preliminary discussion would allow me to shed some light on my working style and comprehensive marketing strategies to get your unit maximum exposure through the various mediums and more.

In addition, it will be best to understand more on the market insights and caveats of your intended purchase as well as for me to run through the overview procedural framework. Sell-Buy process should be expedited on a step by step basis, to ensure no financial liquidity complication and no wrath of regulations.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com (Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top 1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More

Good day Mr Avi M .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive ( sole agent ) selling rights to your hdb , or 2% for open listing ( many agents ) .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More