Hi Jim,
Given that you bought the condo 3 years ago. You will not be subjected to the cooling measures such as Seller's Stamp Duty (SSD).
The fees you will need to take into consideration would be such as:
1) any legal fee clawback? typically $2,000 to $3,000
2) any penalty for full redemption of loan? this could be 1% to 1.5% of the outstanding loan amount
3) 2% of selling price to your selling agent
For (1) & (2), you could refer to your mortgage agreement to give the financing institution a call.
If you have used your CPF for the downpayment and/or mortgage payment for the property, the combined amount including accrued interest will be returned to your CPF Ordinary Account assuming you have not reached your retirement age. This info could be readily obtained from CPF Online.
Any balance after taking the above into consideration will be your final sales proceed.
Best regards,
Jeron Lee
Jones Lang LaSalle Residential
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If my bank loan bond is 3 years, and my condo is over 3 years from the date of S&P. Will there be still a penalty from bank? Or the 1 - 1.5% of outstanding loan amount still applicable?
By the way, seller's agent fee is not negotiable but fixed at 2%?
Thanks again.