Dear sir/madam,
It is difficult to ascertain if it is right time to sell in terms of dollars and cents, as there are intangible benefits involved for your situation to move near your SIL, which I believe could be to assist in taking care of the elderly and such arrangements can rate highly in terms of intangible values.
Nevertheless, if I were to sum up the current resale market, whenever there is a need to purchase after sale, it is usually sell low and buy low or sell high and buy high. In your scenario, you will just need to ensure that you are eligible to undertake a housing loan for your purchase based on your existing income and age even after considering the sales proceeds from your current property.
If necessary, do get in touch with me so that I can assist for a financial assessment with a professional banker.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://youtu.be/6UfrCOCB6Mg
Regards,
Geryl LIM
Real Estate Director
Global Alliance - Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!
Read More