Asked by JT
I'm selling my hdb and buying a condo. What is the lowest agency fees payable? At which stage of my sale can I commit to the purchase?
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2 Answers
Hi JT,
Most reasonable agency fee charges is likely to be 2% of your sale of HDB. Committing to purchase will be very subjective to the availability of your funds to commit to the downpayment of your purchase. If you are still servicing your existing HDB loan, you will only be eligible to loan up to 60% of the purchase price or valuation of the purchased unit whichever is lower. It is also important to time your purchase as any mis-management, you may end up with no roof over your head unless you have alternative accomodation temporarily.
Do talk to a banker to understand the finances for your purchase in case of over commitment.
If you need further advise, please give me a call.
I have just got a new 3 bedroom apartment listing in at a very reasonable asking price.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More
Most reasonable agency fee charges is likely to be 2% of your sale of HDB. Committing to purchase will be very subjective to the availability of your funds to commit to the downpayment of your purchase. If you are still servicing your existing HDB loan, you will only be eligible to loan up to 60% of the purchase price or valuation of the purchased unit whichever is lower. It is also important to time your purchase as any mis-management, you may end up with no roof over your head unless you have alternative accomodation temporarily.
Do talk to a banker to understand the finances for your purchase in case of over commitment.
If you need further advise, please give me a call.
I have just got a new 3 bedroom apartment listing in at a very reasonable asking price.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More
Hi JT,
Standard market rate is 2% for selling.
Regards to when you can commit to buy, depend on your financial status. I can’t answer this question unless I get more information from you.
Hope that I had answered your question.
Feel free to contact me if you need my assistance.
Thanks and Regards
Johnny Goh
R018297H
Dennis Wee Realty Pte Ltd
Group Director
Mobile: 90906267
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More
Standard market rate is 2% for selling.
Regards to when you can commit to buy, depend on your financial status. I can’t answer this question unless I get more information from you.
Hope that I had answered your question.
Feel free to contact me if you need my assistance.
Thanks and Regards
Johnny Goh
R018297H
Dennis Wee Realty Pte Ltd
Group Director
Mobile: 90906267
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More