AskGuru Q&A Community

Hi,

May I know how much loan is currently outstanding for the property? This will affect the sales proceeds as well. Perhaps you could also share the property address so I can make better recommendations. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Hi

Congratulations for taking the 1st step towards upgrading for your family.

Other financial numbers that we need to work out are your household's mortgage servicing ratio so that we can ensure you upgrade within means.

Non-financial considerations include whether staying near a particular school is important and convenience to your working location.

Let's have a discussion on how best we can upgrade your family home. i can be contacted at 9620 2483  or at Ritchie.Li@gmail.com. Read More

Hi,

You have make the correct first step to ask aorund first rather than hearsay.

Indeed, you are not too far away by using an average per sqm price. However, do note that HDB is selling by per quantum rather than per sqm. Thus this is just assumption since there are no recent sales record to refer to.

(1) Let's just do a simple calculation just to have certain understanding:
Sales proceed = selling price - outstanding loan - (CPF + accrued interest) - legal fee - misc
Sales proceed = $285k - $67.333k - $98k - $2.5k - $1k
= $116.167k

This amount is consistent with majority of the sales transactions I've encountered, majority has a slightly over $100k if using merely CPF to pay monthly mortgage.
Only those that had use substantial cash throughout the mortgage will get back more cash or those that bought their flats in early 80's or 90's.

(2) You have to consider where you intent to shift to and the size of flat you are looking for before you can determine how much you need.
Amenities and public transport are the 2 major factors that affects the purchase price.

(3) The next thing to calculate is how much your possible budget, 2 major factors that determine is household income + age.
The younger you are, the higher financial support you could get.

(4) Last but not least is to remind you that if you intent to use HDB housing loan, you are subjected to right-size policy, and this will eats into your cash proceed.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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