Dear sir/mdm,
The order of sale and purchase can be done concurrently instead of doing either first, but of course, we need to look into several considerations especially in terms of the financial planning and flow.
In cases where clients require the funds from the sale of existing home to be ready in order to complete the purchase transaction, then the minimal we will need is for the sale transaction to complete at least 2 weeks before the purchase where CPF funds are utilised for the existing home and is required for the purchase. This is to give sufficient time for the funds to be credited back into the CPF account from the sale and subsequent withdrawal for the purchase in cases where enhance contra facility is inapplicable.
The preparation phase will be vital as I will run through the financial details for my client and also to look into what are the available options currently in the market for their purchase selection to have a good indicator on the feasibility of the move, while not forgetting to do a comparative market analysis to find out an indicative target price their existing place can fetch from in depth research towards the latest transactions of similar units as well as the existing supply of similar units that are currently in the market for sale.
If the above sounds logical and helpful to your case and you wish to further the discussion, feel free to get in touch with me in private to schedule for a non-obligatory detailed discussion.
I have been in the real estate business since 2009, with more than 10years 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.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
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