Asked by Anonymous
Hi property gurus,
If I want to downgrade from a condo to buy resale HDB, what steps should I take?
1/Buy first or sell first? Pros and cons? if Sell first then need to rent?
2/How is the current home loan for the condo settle? Buy first or sell first has any advantage? I know that need to pay 1.5% penalty if making full repayment.
3/If Buy first:
-Can I still use CPF, which I had use in the condo purchase?
-It seems like I can re-claim the ABSD for the 2nd property, but if It took too long to sell (>6mths) can I still re-claim? Any other conditions that I cannot reclaim?
Thank you very much for your advice!
If I want to downgrade from a condo to buy resale HDB, what steps should I take?
1/Buy first or sell first? Pros and cons? if Sell first then need to rent?
2/How is the current home loan for the condo settle? Buy first or sell first has any advantage? I know that need to pay 1.5% penalty if making full repayment.
3/If Buy first:
-Can I still use CPF, which I had use in the condo purchase?
-It seems like I can re-claim the ABSD for the 2nd property, but if It took too long to sell (>6mths) can I still re-claim? Any other conditions that I cannot reclaim?
Thank you very much for your advice!
1948 views
