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Hi agents.
I am considering to sell my 4 room flat (BTO) seng kang to a 3 room flat near my mum's place which is a matured estate.
Can I check if :
1) there is any resale levy right? No right? Whether or not if we are taking HDB/bank loan or not taking loan.

2) do not understand the minimum sum thingy that we need to side aside. Using the selling price of current flat or purchase price of next resale flat as a guide? I am in my 40s and my wife is in mid 30s. Both of us have quite a lump sum in our cpf oa.

3) how much must I pay upfront? Can I use all in cpf if I have sufficient?

4) roughly how much cash proceeds will I get after selling my flat?

5) what is the market practice now - if I get an agent to sell my current flat, can she/he be my buyer agent when I buy my 3 room flat?

6) what are the current commission rate for agent for seller and buyer?

Thanks.
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6 Answers

Morning,

Since you are getting resale unit, levy is not payable.
Since you are selling your unit to downgrade, you do not need to comply to the CPF minimum sum requirement.
As for how much cash you will need, it will depend on how much loan you are getting, are you getting bank or HDB loan, what is the difference between transacted pricing against the valuation, etc.
Yes, your servicing agent for sales can also assist you for the purchase.

Do contact me further for non-obligatory discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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OHMYHOME PTE LTD
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"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : )

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
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