As the administrator of your late father's HDB flat in Singapore, you are responsible for managing the sale of the property. Here's a breakdown of the procedures involved:
**1. Obtaining Legal Authority:**
* **Grant of Probate or Letters of Administration:** If your father had a will, you will need to apply for a Grant of Probate from the Family Justice Courts to confirm the will's validity and your appointment as executor. If there was no will, you will need to apply for Letters of Administration to be appointed as the administrator of his estate.
* **Transmission of HDB Flat:** Once you have the Grant of Probate or Letters of Administration, you need to inform HDB of your legal authority to handle the flat's sale by applying for transmission. This process transfers the flat's ownership to you as the administrator.
**2. Preparing the HDB Flat for Sale:**
* **Valuation:** Obtain a valuation report for the flat from a recognized valuer. This will help you determine a realistic selling price.
* **Marketing:** Decide whether you want to engage a property agent or handle the sale yourself. If you choose to engage an agent, ensure they are registered with the Council for Estate Agencies (CEA).
**3. Selling the HDB Flat:**
* **Register Intent to Sell:** Register your intent to sell the flat on the HDB Resale Portal. This will provide you with information on the eligibility to sell, ethnic quota, and recent transacted prices.
* **Grant Option to Purchase (OTP):** Once you find a suitable buyer, grant them an OTP, which gives them the exclusive right to purchase the flat within a specified period.
* **Submit Resale Application:** After the OTP is exercised, submit the resale application to HDB along with the necessary documents.
* **Complete Resale:** Attend a resale completion appointment at HDB, sign the necessary documents, and hand over the keys to the buyer.
**Important Considerations:**
* **Timeline:** The entire process, from obtaining legal authority to completing the sale, can take several months. Plan accordingly and be prepared for potential delays.
* **Legal Fees:** Engage a lawyer specializing in estate and property matters to guide you through the legal procedures and ensure a smooth transaction.
* **Distribution of Sale Proceeds:** The sale proceeds will be distributed according to the terms of your father's will (if any) or the Intestate Succession Act (if there is no will).
* **HDB Rules and Regulations:** Ensure you comply with all HDB rules and regulations regarding the sale of flats by administrators.
**Where to Seek Help:**
* **HDB:** You can approach HDB for assistance and guidance on the resale process for flats under administration.
* **Lawyers:** Consult a lawyer specializing in estate and property matters to ensure legal compliance and protect your interests.
By following these procedures and seeking professional guidance, you can successfully navigate the process of selling your late father's HDB flat.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
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