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Hi Gurus, I'm planning to sell my 4S-rm 2nd floor flat at Ubi Ave 1 . At the moment i have the whole unit for rental and i plan to sell in 1st week December 2013 as I need to collect 2 more months rental in end Oct and end Nov for my financial needs. Before I proceed, I need advise with no obligation on the cash proceeds, and timings. I have made enquires from cpf and hdb for the amount I will net if i can sell at a price of 400k . My hope here is to know from an experience agent who is well-versed in purchase/sales transaction timing as the cash flow for the OPT and COV is important to me. Thanks.
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1 Answer

Dear owner,

Perhaps you may wish to furnish more information about what do you need to know. Are you looking to purchase after selling in terms of cash flow planning?

Otherwise it is pretty straightforward in terms of timeline that you will receive up to $5000 from the buyer upon them exercising the Option To Purchase, with remaining cash proceeds being presented to you in cheque on the day of legal completion, which is usually about 10 weeks onwards from the day of exercising Option To Purchase.

Let me know soon.

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
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