Hi,
HDB Upgrade Tips: Buy First or Sell First?
Caught in the dilemma of whether to buy or sell your HDB flat first? You're not alone! It's a common concern among homeowners. Here's a quick guide to help you navigate this decision:
Buy First? Worried about selling your existing property under time constraints? It's a valid concern. But buying first gives you peace of mind knowing you've secured your next home.
Sell First? Concerned you won't find a new property later? Understandable. Selling first minimizes the risk of being stuck with two properties. But it comes with the challenge of finding your next dream home.
Ideal Timeline?
Market Your Current Unit & Shop Concurrently: Begin by putting your current HDB unit on the market while simultaneously exploring potential options for your next home. This dual approach ensures you have a clear understanding of your selling potential and what properties are available within your desired criteria.
The optimal approach begins with issuing an Option to Purchase (OTP) for your current unit. Once the buyer exercises the OTP, proceed to secure your next unit by paying the option fee for its OTP. This strategic sequence circumvents the Additional Buyer's Stamp Duty (ABSD) for the second property, maximizing efficiency and financial prudence in your upgrade journey.
Smooth Transition? Aim for a completion date for selling three weeks before buying. This allows time for CPF refund and accrued interest to be back in your CPF account for the next purchase. Requesting a three-month extension from the buyer can make the transition even smoother.
This platform does not allow me to contact you directly so kindly contact me at
https://wa.me/6597261112 I would be glad to assist you further
Thank you and best regards,
Jenny Tran
Propnex Realty Pte Ltd
(HP)
+65 97261112
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS
Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by
your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several
agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling
the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole
dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a
trustworthy, honest, sincere and hardworking agent. We are happy with her service and would
gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation
should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)
--Jenny is very committed and responsive to her clients and she has spent hours updating them and
looking out for great deals and even tailor-made property proposal geared towards their needs. Will
certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)
--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our
neighbourhood to understand what she was marketing. During the marketing period, she managed
potential buyers and provided timely updates and recommendations so we could stay on top of the
process. Overall, Jenny was professional and helped us to achieve a positive result which we are very
thankful for--
Aaron ( HDB seller)
--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and
recommendations, I had finally found my dream home--
Yvonne (New launch buyer)
--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was
also patient and client-centered throughout the process of finding a home that met our criteria. As a
first-time home buyer, we appreciate how she went out of her way to explain the process and
answer questions we had--
Samantha (Resale condo buyer)
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