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Hi, we would like to sell our 5-rm HDB under 2nd time HDB loan & buy fm open market 4-rm. As we do not hv cpf or cash, how should we go about the proper procedure in selling n buying so that we can use the proceeds of sale of 5-rm to pay for the 20% of the 4-rm. Thank you.
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2 Answers

Mike Lim
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Morning Lee,

Firstly, you need to know how much you can loan and the proceed from your sales. With such figures, you can work on the preferred estate and location.

Secondly, the timing for the sales must be planned properly to match the timing for the purchase. The would allow your CPF and cash proceed to be available without you coming with much of your own money.

Lastly, if you have any specific request or requirements, we'll need to address that accordingly. There are many micro management required in your case.

Do feel free to contact me if you require further assistance.

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