Hi Sir/Mdm,
I have assisted many of my clients who are in the same situation as yourself. Do allow me to provide you with some clarifications.
1. If you are under the age of 35 years old and no children, you will not be able to satisfy the family nucleus criteria to hold a flat and therefore HDB would not allow you to retain the flt under your own name.
2. Once the divorce is finalised within the 5 years MOP, HDB will not allow you to sell the flat in the open market. We will need to appeal to HDB and get a special waiver in order to sell in the open market.
3. Between surrendering the flat back to HDB and selling in the open market, you will be able to secure a much higher price selling in the open market from my experience.
4. The final settle of the sale proceeds will be determined by the court order for the divorce. When you are filing the divorce, if you have contributed more cash for the house, you will need to inform your lawyer so that the lawyer can fight for a higher portion of the sale proceeds on your behalf.
Please feel free to contact me privately so that I can understand your situation better and provide you with further assistance.
Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020/2022/2023
WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1
Visit my website to get to know me better:
www.nicktan.com.sg
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Testimonial from Satisfied Clients
“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)
I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (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
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