Here's a suggested timeline for selling your current HDB flat, considering your situation and the expected BTO completion in Q2 2017:
1. **Q4 2016 - Q1 2017:** Start researching the market and gathering information.
* Look at recent transaction prices for similar flats in your area to get an idea of your flat's value.
* Research different property agents and choose one who has experience selling HDB flats in your area.
* Start decluttering and preparing your flat for viewing.
2. **Q2 2017:** Begin the marketing process.
* List your flat for sale with your chosen agent.
* Prepare all necessary documents for the sale (e.g., title deed, floor plan, maintenance fee receipts).
* Start conducting viewings for potential buyers.
3. **Q2 2017:** Secure a buyer and obtain the Option to Purchase (OTP).
* Once you receive an acceptable offer, the buyer will pay an option fee (usually 1% of the purchase price) and sign the OTP.
* You have a 21-day window to exercise the OTP and proceed with the sale.
4. **Q3 2017:** Complete the sale and collect your keys to the new BTO flat.
* The conveyancing process typically takes 8-12 weeks.
* Once the sale is completed, you'll receive the cash proceeds, which you can use for the renovation of your new BTO flat.
5. **Move to your new BTO flat and begin renovations.**
By following this timeline, you can ensure that you have enough time to sell your current HDB flat at a good price and receive the cash proceeds before you collect the keys to your new BTO flat. This will allow you to start renovations without delay and move into your new home as soon as possible.
**Additional Considerations:**
* **Temporary Storage:** If you need to store your furniture and belongings between the sale of your current flat and the completion of your new BTO, consider renting a temporary storage unit.
* **Alternative Accommodation:** If you don't have an alternate place to stay, you might need to find temporary accommodation (e.g., renting a smaller unit, staying with family or friends) during the transition period.
By planning and preparing in advance, you can minimize stress and ensure a smooth transition into your new BTO flat.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
XXXXX The End XXXXXXX
Read More
