Asked by Chen
what are the procedures of buying a resale flat and how much to pay at each stage?
455 views
1 Answer
Afternoon Chen,
Working out your financial budget and choosing your preferred estate which fits your preferred lifestyle is important. It sets your mind straight.
Viewing and deciding the type of unit will be next. Once you set your eyes on your preferred unit, nego the price and pay nothing more than $1k for Option fee. You are required to purchase the valuation report to facilitate the approval of loan document. Exercise the Option with nothing more than $4k.
Perform your paperwork and submit the case with $80 HDB admin fee.
Depending on which loan institute you engage, you need to prepare the COV, cash requirement, Legal and Stamp fee (if you do not have enough CPF). This figure would defer depending on your purchase price.
Attend your HDB appointments, sign the documents, hand-in the required cash as per HDB officer / private lawyer's instruction and collect the keys on completion.
FYI
Mike Lim
96929209
ERA Read More
Working out your financial budget and choosing your preferred estate which fits your preferred lifestyle is important. It sets your mind straight.
Viewing and deciding the type of unit will be next. Once you set your eyes on your preferred unit, nego the price and pay nothing more than $1k for Option fee. You are required to purchase the valuation report to facilitate the approval of loan document. Exercise the Option with nothing more than $4k.
Perform your paperwork and submit the case with $80 HDB admin fee.
Depending on which loan institute you engage, you need to prepare the COV, cash requirement, Legal and Stamp fee (if you do not have enough CPF). This figure would defer depending on your purchase price.
Attend your HDB appointments, sign the documents, hand-in the required cash as per HDB officer / private lawyer's instruction and collect the keys on completion.
FYI
Mike Lim
96929209
ERA Read More
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.CChenRepliedok tks Mike.... cos I thought I want to sell my property and then buy it .. will hdb prices fall or shall i buy and sell at the same time?