You can start marketing your HDB flat now, even before you get the keys to your new house. This way, you can find potential buyers and have a smooth transition when you move into your new home.
Here's a breakdown of the timeline and commission rate:
**Timeline:**
* **Now:** Start marketing your flat online (e.g., on property portals, social media) and engage a property agent if you wish to.
* **End of September:** Receive keys to your new house.
* **7 days after key collection:** Register your Intent to Sell on the HDB Resale Portal. This is a mandatory step before you can issue the Option to Purchase (OTP).
* **7 days after Intent to Sell registration:** You can officially grant the OTP to potential buyers.
* **6 months after key collection:** You must sell your HDB flat within this timeframe to avoid owning two properties simultaneously.
**Commission Rate:**
* **Seller's Agent Commission:** The typical commission rate for HDB resale flats is 2%. However, some agents may offer lower rates, especially if they are confident of selling your flat quickly.
* **Buyer's Agent Commission:** If the buyer is represented by an agent, you will typically be responsible for paying their commission as well. This is usually around 1% of the selling price.
**Important Note:** The commission rates mentioned above are negotiable and can vary depending on several factors, such as the agent's experience, your flat's location and condition, and the prevailing market conditions.
**Tips for Selling Your HDB Flat:**
* **Start Early:** Begin marketing your flat as early as possible to give yourself ample time to find a buyer.
* **Price Competitively:** Research recent transactions in your area and set a realistic asking price.
* **Use Professional Photos:** High-quality photos can make your listing more attractive to potential buyers.
* **Be Responsive:** Respond promptly to inquiries and be flexible with viewing schedules.
* **Consider Engaging a Property Agent:** An experienced agent can help you navigate the process, market your property effectively, and negotiate the best deal.
I hope this information helps! If you have any other questions, feel free to ask.
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 ”
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