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Hi, i am planning to bid for a 3room BTO at no loan and resale my current 3 room flat in hope to pay off my outstanding house loan with the grants and resale price. What are the thing & charges that i need to consider and what point of time will i need an agent? What happen if i can find any buyer at the end of the day? Is this move advisable?
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2 Answers

YT Tan (陈永达)
Good morning Kelvin! You have to find out about your estimated sales proceeds first (estimated sale price minus off outstanding housing loan, CPF utilized and accrued interest.) And another matter to take note will be "where are you going to stay after sale while waiting for BTO completion?" You have to consider about rental expenses. You can engage a real estate salesperson from the start to assist you with financial planning, marketing and sale of property. Standard commission for HDB sale is 2% of sale price plus 7% GST. If you choose to DIY, then be mindful of the process and procedures if not, play safe, engage a professional like us. If you need any assistance in your property sale, feel free to contact me. Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
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Afternoon Kelvin, You will need to work on your financial standing, knowing how much you will get back from sales and how much you will need for purchase. Then you will need to know if you have enough to settle the downpayment. In today's market, all unit can get buyer but pricing is the major deciding factor. Do feel free to contact me for non-obligatory discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
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