AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi gurus,
We are selling our 5 room flat,out MOP will be in April 2014.Is it possible to ask for valuation and buyer's option fees first before our MOP and then hand over right after the date of our MOP?I heard it will take 2 months from the 1st appointment to the 2nd appointment.We do not want to waste time as we are looking to buy an a new EC unit and want to avoid the ABSD.
0 •
810 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Mike Lim
Replied
Morning,

Under the HDB ruling, HDB owners are only allowed to sell their unit upon fulfilling MOP. Hence any OTP signed prior MOP will not be recognised. You will also be required to submit the HDB resale checklist before you are allowed to issue an option to your buyers. Valided valuation report must also be available upon submission of the case by buyer. Even if you have a buyer who is agreeable to your terms and pricing, your OTP for sales will not be recognised by law hence you are still not eligible for the purchase of EC either. Furthermore, new EC is to be purchased and registered with HDB. I believe you would not want to break the law and tell the law enforcer that you have broken the law, right?

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted
OHMYHOME PTE LTD
Replied
Introducing HomerAI by Ohmyhome – the ultimate property toolkit at your fingertips! Get instant home valuations, in-depth market insights, and connect with qualified buyers seamlessly. With our DIY calculators and expert agents boasting a stellar 4.9 rating, selling your home has never been easier or more affordable! Read More
0
Upvote Upvoted
Landon Chew
Replied
Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
1
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions