AskGuru Q&A Community

Hi,

If your finances are comfortable, buying first is not an issue and you have 6 months to sell after key collection to your purchase. However if you need your sales proceeds to complete the purchase, then you have to sell first. No ABSD is applicable for hdb upgrade.

Pros & Cons of Buy first:
Can take time to pick an ideal unit and reno first,
Selling price maybe compromised since need to sell within required timeframe

Pros & Cons of Sell first
Can have more time to market to potentially get a better price
Need to buy quickly once flat sold, may not be your ideal unit.

Its important to plan the timeline well so the transition is smooth. I have assisted with several clients on their upgrade and will be happy to share more on the best approach.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---

Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.

In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.

He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services Read More

Hi,

You can choose to purchase your 5RM flat first, and then within 6 months upon completion of the purchase, sell off your 4RM flat.

Do take note that ABSD is not applicable for HDB purchases if either of you (or your spouse) is a Singapore Citizen.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Afternoon,

You are eligible to purchase first and sell later if your financial aspect works well. You will need to prepare for the down payment in advance on top of what have being locked within your current unit. You will be provided with a timeline of 6 months to sell your current unit after key collection on your new unit.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi

Yes.

You may want to write to gavin.ng@orangetee.com for any further enquiries.

Regards

Gavin Read More

Good afternoon!

Yes indeed you can do so , however , the decision depends on your financial standing and absd liable. Perhaps you could share more on your situation so that I can advise more thoroughly. A non obligatory discussion will allow me to shed some insights on the market , provide some recent transaction caveats and sales / purchase report for your understanding as well as compute your financial sums and establish your financial timeline. All these aspects would give you a fundamental understanding of the transaction. I have transacted many of such deals with my clients and the most high profile one was when I sold a EM at a record price in Bishan which was published in the Chinese Newspaper (article available upon request). I have been an agent for years and am one of ERA Top Achievers till date and hope to value add your portfolio as I have for hundreds of my clients over time, of which testimonials can be seen on my website.

Hope to hear from you ! Do view my awards , accolades and testimonials @ www.kumarrai.com . Thank you!

D Kumar
ERA Assistant Division Director
 +65 96659926 
ERA TOP ACHIEVERS 2014-2016
ERA MULTI MILLION CLUN
ERA ASIA PACIFIC WINNER 2014-2016 Read More

11 HDB Seller Mistakes:
www.hdbhero.com/hdb-seller-mistakes/ Read More

good day sir / madam .

As per your question , yes you can buy resale hdb before selling your present hdb , however this is subject to your cash flow and finances .

If financing is a problem , Alternative solution to sell your hdb first , and to negotiate for a 3 months extension stay from your buyer if they are agreeable , to lessen your hassle to shift twice during the interim period .

Kindly contact me for a no obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights ( sole agent ) to your property or 2% for open listing ( many agents ) .

Joanne Chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Dear Sir/Mdm,

Your dilemma of whether to buy first and then sell or vice versa is faced by many of my clients. You are able to buy first but you will be required by HDB to sell your current 4 room flat within 6 months of taking possession of the new flat.

Personally, I would not advise you to buy first because if you do so, you will be restricted by the 6 months timeline imposed by the HDB to sell. Today's market is a buyer's market and sufficient time is required to secure a buyer who is willing to pay the top price for your unit. By subjecting yourself to the 6 months timeline, you may need to settle for a price which you are not satisfied with under the time pressure.

Moreover, by buying first, you will be servicing 2 mortgage loan at the same time which is not sensible.

I have assisted clients in a similar situation to plan such that they can transit from their current place to their new place seamlessly. Please feel free to contact me and share with me your situation and objectives so that I can map out the finances and timeline for you!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More