AskGuru Q&A Community

Good afternoon buyer,

Great hearing from you!

Seems like you have a good knowledge of what do you have to incurred for your second residential property purchase.

But do take note that you will need to incur misc fees like valuation fee, stamp duty for mortgage etc. And If you have utilised CPF OA funds in your current HDB, you will have to set aside a minimum sum of $77.5k in your CPF OA+ SA before you can use the excess in this purchase.

Yes in the past, most banks do subsidise all these misc fees fully but nowadays only some banks do offer subsidy for valuation fee, fire insurance or legal fees.

In regards to this, maybe do inform which are your preferred banks. I can check with my bankers.

Hope my explanation helps!

If you need further assistance or advice in your property purchase, feel free to contact me. I can forward you a typical private purchase flowchart.

Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com Read More

Hi,

Yes your understanding is correct, and there are also some misc fees with the bank, that will be all. Important thing is if you have utilized cpf for your first property, and you intend to use cpf for the 2nd, you need to set aside 77.5K in your OA and SA before you can use any excess for your 2nd property.

Thanks and may I understand your housing requirements before value-adding further?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Hi,

You've hit the nail right on the head!
Your understanding is ace, and you might only incur petty miscs, which you can check with one of the bankers I work closely with.

Please feel free to contact me at 96659926  for a non obligatory discussion for me to FULLY understand your requirements and specifications (budget etc) to be able to succinctly shortlist and come up with a customized list of units to view. Since you are not liable to pay agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

I will walk you through the entire process- assisting you all the way from finding the perfect unit to negotiating for the best price to post deal paperwork, to establishing financial calculations/ loan matters and ascertaining risks. I will also provide you with the transaction caveats and sales report to further enhance your understanding of the market sentiments.

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 Overall Top Achievers
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More

Hi,
I am sure you have done some study to gather the cost breakdown.
1. All the cost for major items are listed already.
2. Current market, most bank dont subsidise legal fee.

To assist you on the estimated bank loan amount, kindly drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Dear Sir/Mdm,

Thanks for your post in Propertyguru and congrats on your plans for a second property

Haha, to be honest, your knowledge is very good and you have gotten them right! Those are already the fees that you will be looking at. Banks used to subsidise legal fees but sad to say they no longer do that anymore. Just to note that we can use our CPF to pay for the legal fees.

If you are fine, maybe we can meet up for a discussion on your condo purchase and we see how we can plan for your house purchase when we help you with the purchase.

Over time, I have served many clients and many of them are now my friends. Many of them have also left testimonials for me for my service rendered. If you are available, you can take a look at my testimonials on my website, www.jeffreyheng.com. I was also very honoured to have won the SAEA Real Estate Excellence Silver Award for Best Client Service. I sincerely believe that I can be able to provide the same level of service to you.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Branch Division Director
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Silver Award - Best Client Service
(2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service
(2012/2013)

Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More

Good day.
Most banks will be able to assist you in your loan. There might be other factors that will affect your loan, e.g, monthly commitments.
Lets discuss in details so I can assist you in the whole process from here.
I am reachable at 91442664  .
Tricia Tan propnex Read More