Asked by Anonymous
Hi, I currently need help with a rather unique situation.
I currently own a HDB flat with my mother for 6-7 years, we are both co-owners to this house and we bought this house thru a BTO under some scheme (she's a divorcee). At that point of time, I was still single.
However, I'm planning to get married now and me & my spouse would like to buy a new home. My mother agreed to sell this house that we both currently co-own to me & my spouse. How do I go about doing it? Do I do a transfer of ownership, or do I sell the house with my mom on the market and buy it over again with my spouse (I'm sort of like the seller & buyer)? How will the finances be like?
I also read about something called the Resales of Part-Share - how does it work?
Thank you for whoever answers my question!
I currently own a HDB flat with my mother for 6-7 years, we are both co-owners to this house and we bought this house thru a BTO under some scheme (she's a divorcee). At that point of time, I was still single.
However, I'm planning to get married now and me & my spouse would like to buy a new home. My mother agreed to sell this house that we both currently co-own to me & my spouse. How do I go about doing it? Do I do a transfer of ownership, or do I sell the house with my mom on the market and buy it over again with my spouse (I'm sort of like the seller & buyer)? How will the finances be like?
I also read about something called the Resales of Part-Share - how does it work?
Thank you for whoever answers my question!
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