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Morning Lucas,

If you did not apply to rent out your entire unit during your 6 years of possession, you should have fulfilled your MOP. The next thing is to look at how much your unit can be sold for and which estate you intend to move into. Getting your mortgage ability assessed by banker or HDB is a good gauge to work on. With all this information, we can work out on the detail financial plan to get the micro details right.

Do feel free to contact me if you would like to meet up for non-obligatory discussion.

Regards
Mike Lim
 96929209 
ERA Read More

Morning Lucas,

First you have to work out your sums which I gladly can assist you on.

Secondly there are few options to your situation:

1) buy and sell at the same time. (contra)
- you might have to sell off your unit in a rush and not at the price you desire

2) sell first, short term rental, buy
- selling your unit at a desirable price, look for a best priced 4RM flat while taking on a short term lease

Option 2 is less risky. Do let me know what's your take on my views.

Definitely will love to assist you with your property needs.

Looking forward to hear from you soon!

Warmest Regards,
YT TAN
ECG Property Pte Ltd
Mobile: (+65) 9111 5171 
Email: yt.lovelyhomes@gmail.com
Website: www.yttan.com/ Read More

Dear Lucas,

As you have mentioned about staying for 6 years, you should have already met your MOP. As for the procedures to take note of, it is pretty straightfoward and can be assisted by the appointed salesperson. What you need to do is to confirm with the relavant financial institutions on your eligibility for loan and the amount you can be looking at to work on the turnover.

Let me know how I may assist you.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Hi Lucas,

There are probably 2 very important things that you need to take note

1) Time line – as you are buying and selling at the same time, you may require alternative place to stay during the transaction. Whether you are or buying or selling first, or doing contra or bridging loan or not, we might be able to move in smoothly through careful planning.
2) Loan-Depending on whether you are taking HDB or bank loan, your amount cash required to the purchase will be different.

Hope that I had answered your questions.

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
R018297H
Group Director
DWG Ace Division
Dennis Wee Realty Pte Ltd
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More