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I am looking to purchase a resale HDB flat after being unsuccessful in our BTO applications. We recently found a unit that we are interested in; however, the sellers are on a tight timeline as they have already secured a BTO flat and collected the keys.

I would like to understand what happens if their disposal timeline runs out. We have submitted an offer, but was informed that the seller is holding out for a higher price. How long are they realistically able to wait before this affects their disposal timeline with HDB?
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4 Answers

Hi, appreciate your sharing over PropertyGuru, it depend on the seller whether conducting biding or open house to achieve what they are looking at. Usually within 1-3 working day to determine the outcome.
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

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Stewart
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Hi

Based on HDB regulations, they are required to sell off their existing HDB within 6 months of key collection to the new flat. But they may have appealed for a longer timeline due to special extenuating circumstances.

If you guys really like the flat, suggest to give the seller agent a phone call to find out the baseline price that the seller is likely to accept and position yourself as a hassle-free buyer to improve the chances. Thereafter it is your call whether to match the baseline or bid just under.

If its a popular location and relatively new flat below 15 years old, where buyer demand is strong, it will not be difficult to secure a buyer who can meet the sellers expectations and sell off within the required timeline. The good thing is the seller likely does not need extended timeline, which is quite rare in the resale market as most sellers need extension.

Its not easy to encounter one that ticks all the boxes that both you and the partner can accept. The question to ask is how likely is another similar flat will come up within the next 1-2 months. And even if it appears, the seller will use this transaction as a reference to sell higher. One way to look at it is that the premium is to pay off all these uncertainties so you can progress to the next phase of lives.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 home-owners to smoothly complete their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Hi Sir/Mdm,

HDB will allow them to extend the disposal timeline if they are not able to secure a buyer so in this sense, if the demand for their property is still strong, they will be able to wait out for another buyer.

Please feel free to contact me if you need any further assistance.

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Nick Tan
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✔1 Sellers usually must sell their old flat within six months after moving into the new one.

✔2 Some sellers may get more time if HDB approves an appeal.

✔3 If you like the unit, speak to the seller’s agent to gauge the seller’s acceptable price.

✔4 Decide whether to ACCEPT the SELLER price

As Sun Tzu once said, “In the midst of chaos, there is also opportunity.”
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