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Hi, Im a single mother with a kid with no house under my name. Im currently staying in my parents flat. Im deciding to ask my parents to sell their flat as we need cash now, to rent a place, & wait til the prices drop b4 buying another house. Is it advisable? will i be doing something which i will regret like selling my house then later no money to buy another house?
Also, as my parents are very very old, they are not entitled to any loan. If i buy now with me & my son's name. What if in the future i remarry? i cant buy another flat right? then how?
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2 Answers

Johnny Goh Mui Huat
Hi Kelly,

To sell to cash-in may sound good as you need cash right now. However, do consider the cost of renting a place for maybe the next few years. So whether to sell or not will depend alot on your cash proceeding from the property you intend to sell.

You can still buy another flat with your future husband even if you buy with your son now.

Feel free to contact me if you need any assistance.

Johnny Goh
Dennis Wee Group
 90906267 
johnnygoh.dw@gmail.com
www.johnnygohproperty.com Read More
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