Asked by
What should I take note of if I decide to sell my current place and upgrade to a bigger condo. My current place should be able to se at about 100k or more above the price I paid for. Does it technically mean I have a 100k more for my down payment ?
0
571 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Afternoon Kenneth,

Selling your property at $100k plus purchase price would mean that you profit is likely to be lower. You will need to factor in the interest payable to CPF board, legal and stamp fee plus possible upgrading cost, if applicable.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Hi Kenneth,

That does not necessary means you have an additional $100k for downpayment. You will need to work out the overall financial calculations in order to determine the cash proceeds you can get for the next purchase.

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
https://www.facebook.com/propertyblogshop
https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e

DAG - Dynamic Alliance Group @ www.DAG.com.sg
Landed Dynamic Alliance
Home of *7772 Hotline
We Sold More Than 100 Landed Homes
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!

**Aspiring to be your preferred partner in real estate**

The Game Is Changing...
International Property Opportunities Await!
Don't Be Left Behind!
More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment.

I would like to thank more than 120 of you who have took out your precious time in attending the original Landed Homes Sales Exhibition on 7 & 8 September. 1 unit was sold with 4 units reserved over this 2 day event. Do look forward to our next edition. Register with me if you are keen. Read More
0
YT Tan (陈永达)
Hi Mr Wong,

Not necessarily means that you have additional $100k for your next property purchase's downpayment.

By doing up a financial plan, you will have a better idea how much will you profit from the sale and is it feasible to upgrade to a bigger property.

Hope it helps!

Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): yttan.stproperty.com.sg/
(W) www.lovelyhomes.com.sg
(W) www.ecgproperty.com Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions