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Good morning Sir/ Mdm,

I am sorry for your loss.

Just wondering are you the executor of their will or administrator for their assets or you are the owner of the house?

Executor - needs to have grant of probate
Adminstrator - needs to have letter of administration

You mentioned the unit is fully paid and as your parents are deceased, their CPF accounts will have been closed so there wont be any refunded CPF. The proceeds will all be in cash.

Expenses usually for sale will be agent's commission and legal fees.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Good morning,

Sorry to hear about your loss, I hope you are managing well.

In such a scenario, the one who can decide the sale will be the executor or administrator or co-owner of the house.

Executor - you inherited via will , and have the grant of probate
Administrator - you have the letters of administration, and can act for the estate matters of the deceased

As the house is fully paid, the CPF accounts would have been closed and there will not be any cpf to be refunded required. All the sale proceeds will be in cash. The fees required will be legal fees and agent success fee for the sale.

I have worked on similar cases and would be happy to guide you through the sale.

May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi Sir/Mdm,

Sorry about your loss. I have assisted many clients who are in the same situation as yourself and will be happy to provide you with some clarifications:

Since the house is fully paid off, there wont be any outstanding loan to be repaid. The CPF used + Interests on the house to date will come back to you in the form of sale proceeds in cash as well. Once we determine the market valuation, we will be able to estimate the selling price and calculate how much you can get back in cash. As for the costs, it will be the conveyancing fees and the agent commission.

If there is a will, then you can apply for the grant of probate. If not, then you may apply for a letter of administration before you can put up the property for sale.

Please feel free to contact me so that I can give you a detailed explanation of the process and the timeline and guide you through the process.

Regards,
Nick Tan
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Dear sir/mdm,

Sorry for your loss. May I know if the property has already been transferred under your ownership in this case? Given the passing of your parents, any sales proceeds will need not be refunded to their CPF accounts given that these accounts should have already closed. If property is currently tenanted, it will be good to work with tenant on the schedule of sale and plan out accordingly. The remaining administrative process for sale are similar to that of a normal resale, therefore it will depends on whether you are already the legal owner of this property, or are you the executor or administrator of the property, where you will either have the grant of probate or letter of administration.

Hope the above helps!

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, I’m sorry for your loss... I just handled a case actually like yours a few months back where the daughter is the administrator of her parent’s flat and the CPF account of both her parent are deemed as closed and she does not have to refund it back nor pay back any accrued interest.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear Sir/Madam,

Hi, I am Brendan!

Sorry for your loss.
As the house is fully paid and your parents CPF accounts closed, you will get back sales proceed in cash.

I had helped several clients in similar situation sold off inherited properties above their ideal price.

I will be able to help you do the same. Pls contact me at 9754 5207  .
Or Whatsapp me by clicking this link: wa.me/6597545207 which will direct you to open Whatsapp on your mobile phone.

Thank you!
Brendan Bay, ERA
 +65 9754 5207 
wa.me/6597545207
bay.binhao@gmail.com Read More

Hi,

1) If you had the legal title of the HDB flat, you should be able to register an intent to sell on the HDB web.
2) Next is to engage a property salesperson to market the flat.
3) You will only need to pay the administration fee to the HDB to process the transaction, commission to the salesperson, and legal fees.
4) All sales proceed will be in cash. No returning of any funds to the CPF since your parents' account should be closed by now unless you have not informed the CPF board to close.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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