Hi Fiona,
You will not be able to do contra as contra involves taking a HDB loan which you will not be eligible. But do not worry, the sell and buy transaction can still be conducted smoothly and seamlessly if the timeline is planned out properly.
I have addressed many of my clients on the the question of sell first or buy first. My opinion is that in the current market conditions, you should always sell first. This is because it is now a buyer's market and therefore it is easier to buy as compared to sell due to the large number of units looking for a buyer. However, if you were to buy first, you will not be able to make full use of the CPF that was utilised in your current property, and you will also be given a 6 months period to dispose off your current HDB. Securing a buyer who is willing to pay a good price for your unit takes time and if we are not able to secure such a buyer, you may be forced to accept a lower price due to the time constraint which does not makes sense.
I have assisted many clients who are in a similar situation as yourself. Please feel free to contact me so that I can plan, share and guide you step by step through 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 (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)
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