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Hi can guru here guide me on the procedure of purchasing a re-sale property with the timeline?

I believe that before offering the owner, its best to have an IPA from bank and the IPA will only last for a month.
When will the loan be secured? Is it when I was given the option to purchase or when I sign the S&P?

I'm asking this because I'm worried about the loan approval if I switch job in between that 3 month purchasing process.

Thanks.
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3 Answers

Ivan Ng
Replied
Hi,

Yes its is better to have an IPA done before you do the purchase, and typically it lasts around 3 months, as long as there are no significant changes in your income/credit profile in the interim.

Perhaps we can work together on your purchase? Have you found an unit to your liking? Typically buyers do not need to pay commission for private property transaction. Thanks and hope to assist with your purchase plans further.

Warm Regards,
Ivan Ng
Proactive. Sincerity. Feedback.
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Lynn Ong
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Hi,

The IPA will give you a good estimate on the loan amount. Even if you are changing job in between, as long as your next job is having the same or higher salary, it will not be an issue for your to secure the IPA.

I am serving a client who is intending to buy a property before going overseas for her overseas posting. Similar to your case, she will be experiencing fluctuation in her income during this searching and buying process.

I would love to be able to serve you in the purchase process. As mentioned by Ivan, there is no commission payable by buyer for buying private property so it will be advisable to get a reliable and trustworthy agent to be your consultant.

I can be reached at 90034385  and lynn.lovelyhomes@gmail.com.

Thanks!

Yours Sincerely,
Lynn ONG | BSc. Real Estate
National University of Singapore Read More
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GAN ENG JOO ONASSIS
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Hi,

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