AskGuru Q&A Community

Dear Sir/Mdm,

Good day to you!
I’m Rick Kwok from PropNex Realty Pte Ltd.

To engage a real estate consultant, the market rate is as follow:

a) From seller - 2%
b) From buyer - 1%

Can I invite you for non obligation discussion pertaining your concern to explore further?

Best Regards.

Rick Kwok
PropNex Realty Pte Ltd

(+65) 9690 1739 
rick-kwok@hotmail.com
www.rjsgpropertyconsultant.com
https://www.facebook.com/rickkwok96901739/

**Note: We are not prompted when you respond here, hence please get in touch directly via WhatsApp/SMS or drop us a line. Look forward to hear from you soon! ** Read More

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi, I have assisted many buyers like yourself who planned to either upgrade or downgrade to the next housing. And with this I meant doing the selling and buying at the same time, and also planning for a smooth timeline for both transactions. Pls feel free to let me know if you need any assistance.

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

Hi,

In general, the cost you would incurred for buying are as such for buying:
(1) OTP deposit & exercise = $5k
(2) Resale application = $80
(3) Registration & microfilming = $215.90 (3-rm & above)
(4) Valuation = $120
(5) Miscellaneous = $15
(6) Caveat = $139.30
(7) Fire insurance = $6.60 (5-rm), $5.50 (4-rm)
(8) Salesperson commission (1%+GST) = $4,285 ($400k), $5,350 ($500k)

CPF:
(1) 10% downpayment = $40k ($400k), $50k ($500k)
(2) Basic stamp duty = $6,600 ($400k), $9,600 ($500k)
(3) Legal fee = $1.2k~$1.4k dependent on loan amt
(4) HPS = $600 dependent on loan amt.

Cost for selling, mainly on:
(1) Agent fee
(2) legal fee (dependent on selling price) similar to above. ~$1K ($500k)
(3) Registration & microfilming = $215.90 (3-rm & above)

Hope the above answer to your main concerns, but if there are more queries, 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

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More

Hi there,

Thank you for your query!
Please find a rough breakdown of the financial outlay involved in selling & buying :

Loan, 10% CPF downpayment
Buyer Stamp Duty
OTP deposit & exercise - $5k
HDB Admin Fee / Resale application = $80
Valuation
Legal Fees
Agent fees

I have been actively involved in such intricate upgrade cases, and am familiar with this landscape. The first step forth is always the preliminary discussion and financial calculations to affirm your plans. In such cases- the management of transaction timeline and succinct financial calculations is paramount.

Perhaps you could share more details on your end for me to churn out a more comprehensive, exact and thorough financial calculations with exact figures. Furthermore, I would be able to share more on the varied marketing strategies and mediums through which your property might get maximum exposure as well as study the recent up to date transaction caveats of similar sized units in vicinity and hence, present a sales and elevation report to advise further. I have transacted a EM unit in Bishan at Record Price and it was published in the Newspaper (Available on my website). After which, we can proceed to explore your residences options and I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award Read More

Hi,

Thanks for your enquiry.

It could be quite an information overload to breakdown all the costs to you. But generally speaking the typical breakdown for sale is as below:

Sale price
Less outstanding loan
Less cpf OA to be refunded
Less agent commission
Less legal fees

Balance will be the cash proceeds. The cash proceeds and CPF OA utilized and refunded will be able to use for the next property purchase. You also get to enjoy Proximity Housing Grant if buying near parents in Pasir Ris Estate.

Most importantly, is to work with an professional agent whom you are comfortable with and can be committed to your plans. Selling and buying involves careful planning of the finances and timeline.

I happen to be working on a similar 4room case at 432 sengkang west area, will be happy to share on the best approach.

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

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Fully understand your concern on the entire sale and purchase process with young kids in tow as I have 4 young children with me too and have just recently shifted into our new place to be near the children's school. With the experience in mind, perhaps we can discuss further on what we need to take note of in terms of timeline, which is the most critical part in your sale and purchase timing, in addition to consideration of renovation works to be done.

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Register at bit.ly/RealDealSG today.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com

G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

Dear Sir/Mdm,

To upgrade seamlessly and smoothly without a need to rent an interim place to stay during the transition period required meticulous planning in term of the timeline and the finances.

For the planning of the timeline, you may want to request for an extension of stay from your potential buyers so that you will have sufficient time to renovate your new place (if necessary) and have sufficient time to move especially with the young kids.

As for finances, it will be worthwhile to plan it such that you do not have to take up bridging loan and will be able to reuse the funds from your existing flat to finance the new one.

I have successfully helped many of my clients to upgrade smoothly. Please feel free to contact me so that I can understand your situation better and propose an upgrading plan and timeline for you!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients (2016/2017)
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More