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Morning Denise,

Agent commission is as follows:
2% for property sale
1% for property purchase

It's really up to you whether you want to sell or purchase first. But normally I will advise my client to sell first then ask for extension for the completion (eg. lengthy resale submission, later first appointment and second appointment)

At the same time during the period of sale, hunt for houses as well. FYI Contra only happens when you are using HDB loan for sale and purchase if not, you cant do contra.

Since you will be using a salesperson for your sale and purchase, why not you meet up with one and let him advise you on this. He will advise you accordingly.

I will love to assist you with your property needs and I am a Jurong resident thus I am pretty familiar with this area.

I will definitely be a great help to you!

Looking forward to hear from you!

Warmest Regards,
YT Tan
ECG Property
M: (+65) 9111 5171 
E: yt.lovelyhomes@gmail.com Read More

Hi Denise,

First of all, contra is applicable only if you are taking HDB loan. If it involves bank loan, then you cannot use the contra facility.

For your case doing contra, i would advise you to market your 5rm flat and hunt for an EM at the same time.

Whether you sell first or buy first is really up to your preference. For either way, we can adjust the timeline of the transactions to make sure the upgrading from 5rm to EM is a smooth process.

But the important thing to do first is to do a detailed financial calculation to make sure the upgrading plan is feasible. I can assist you with that.

Next step is to do the valuation, seller resale checklist, etc.

Commission is 2% for selling, and 1% for buying. It is best to let one salesperson handle both transactions so that he can coordinate the process effectively.

I am currently staying near pioneer mrt and have been staying in Jurong for >20 years and is familiar with the estate.

Please call me at 9862-8691  for further discussion. I would be glad to meet up with you to discuss about your upgrading plan.

Thanks,
Ander ERA Read More

Afternoon Denise,

In order to do contra, your current and upcoming mortgage loan should be under HDB. Hence knowing how much HDB can loan to you, depending on your income status, would be a good start.

At the same time, working on your finances will be important to know where you stand. Knowing what you are looking at, be it your current unit's possible selling price and which particular sector of Jurong West you want, will help decide on the possible budget and your liquidity.

As for the commission payable, engage someone you can trust and work out the figures with him.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ 82798327  -

Why Should Sellers engage me? Contact me @ 82798327 

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