can advice how much COV can be expected for selling my EA@yishun Blk 7++. just wonder if possible to get our COV in cash 1st then pay for the COV while buying.
I believed you were the one who have posted in another post regarding the selling of your Blk 7++ EA in Yishun. I have already addressed the concern of a smooth transition for the timeline of selling and buying. As for your question, we cannot get the COV first to fund our next purchase. The buyer will pay the COV to HDB and all the cash proceeds will be given to us during the completion.
Maybe we can meet up for a non oligatory discussion and we can discuss about your timeline of selling and buying and also on the financial planning portion. Then you will be in a better position to make a more informed decision.
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I am not sure on why are you focusing on only the COV, but I wish to advise you on the procedures and financial calculations of your potential sale of your EA in Yishun.
The cash proceeds that you will receive from the sale of your EA is not limited to COV only. It is worked out based on your selling price minusing off the outstanding loan amount, amount of CPF that has been utilised in this sale inclusive of interest, any resale levy and upgrading fees. This final figure is the cash that you will be getting from the sale of your current EA. To answer you question, COV is greatly variable based on the condition of your unit, facing as well as the level of unit. 1 unit in BLK 736 #12 achieved $66k COV last July, while another unit in BLK 723 #10 achieved $50k COV. Would you be free anytime this afternoon or tonight for discussion in details?
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COV no only depend the location, renovation & level, COV also depend how the agent marketing for the unit.
We always strong advertise seller listing at all property website & major newspaper ,Help the seller to get highest possible price.
Any enquiry can be call or email to me.
thank,have a nice day.
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Me and my team specialise in YISHUN area. We have served many seller and buyers in Yishun & Sembawang area and is very familiar with all aspect.
May we have the chance to drop by for a discussion so we can understand your concerns and share the whole process and pricing with you.
Look forward to a call or sms from you.
I am contactable at 91442664 .
Tricia Tan ERA Read More