Asked by Kelvin Linn
What is the advantage of downgrading?
553 views
2 Answers
Hi Kelvin,
Well most importantly you need to access whether is a 4 room flat enough for your family size. Basically the biggest advantage we can see here will be the earnings from the sale and purchase. You did mention in the earlier question where you mention that your 5 room has fulfilled MOP and are considering the pros and cons in selling and buying a 4 room.
There are much factors that we need to assess before we can deem that it is really an advantage. If currently you sell your 5 room and purchase a 4 room within the same estate but in a much more convenient area like very near to MRT and such or if you are shifting to another estate which is generally more costly, then the advantage that we are looking at will not be the earnings but rather the convenience. Hence the advantage here will be convenience and not cash proceeds and you might just break even or we may even end up topping up.
If you are selling and buying in the same area, then the advantage that we are looking at will be earnings. So it will also fall back on what is the motivation behind your selling.
There are seriously much to be discussed and seriously I will also not be able to cover everything in just this post alone. If you are fine, maybe we can meet up for a non obligatory chat and we sit down and talk about it.
I have helped many clients in their selling and buying so I guess my experience and knowledge should be enough to give you some advice. Haha.
Looking forward to your call soon. Thanks and good day!
Best Regards,
Jeffrey Heng
Senior Team Director
ERA Realty Network Pte Ltd
Property Navigators (The #1 Team in ERA for 2009 and 2011)
Mobile : 9858 1322
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More
Well most importantly you need to access whether is a 4 room flat enough for your family size. Basically the biggest advantage we can see here will be the earnings from the sale and purchase. You did mention in the earlier question where you mention that your 5 room has fulfilled MOP and are considering the pros and cons in selling and buying a 4 room.
There are much factors that we need to assess before we can deem that it is really an advantage. If currently you sell your 5 room and purchase a 4 room within the same estate but in a much more convenient area like very near to MRT and such or if you are shifting to another estate which is generally more costly, then the advantage that we are looking at will not be the earnings but rather the convenience. Hence the advantage here will be convenience and not cash proceeds and you might just break even or we may even end up topping up.
If you are selling and buying in the same area, then the advantage that we are looking at will be earnings. So it will also fall back on what is the motivation behind your selling.
There are seriously much to be discussed and seriously I will also not be able to cover everything in just this post alone. If you are fine, maybe we can meet up for a non obligatory chat and we sit down and talk about it.
I have helped many clients in their selling and buying so I guess my experience and knowledge should be enough to give you some advice. Haha.
Looking forward to your call soon. Thanks and good day!
Best Regards,
Jeffrey Heng
Senior Team Director
ERA Realty Network Pte Ltd
Property Navigators (The #1 Team in ERA for 2009 and 2011)
Mobile : 9858 1322
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More
