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  • 4 months later...

Having an hdb that I'm looking to sell due to the whole pandemic situation. I got this one last year as a further addition to my portfolio right before the pandemic started. If I knew that I would never be able to rent it or resell it with all the lockdowns and huge drops in people's spending mentality. So if there's someone willing to sell it or buy it, let me know, and I can hook you up with more details in private. I have to say I feel grateful that my first house which I got with a great mortgage advice Liverpool that made my monthly rate so low that I have no issues paying it off even with my salary cut.

Edited by Adriard
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  • 4 weeks later...
9 hours ago, Dennis23 said:

For single scheme. Wanting to buy a 3rm/4rm resales. What is the min cash to have on hand?

 

Planning for next yr.

Next year is long way to go. Prices fluctuate. U should  bargain if the owner offers a price to sell. Try n explore the hdb resale prices at the area u r looking for from hdb website. 

Usually u need to have 1-2k in hand to book an unit. Once the transaction is done n u have the house key in ur hand, u need to pay 1% of the buying price. Eg. House price 300k . U have to pay the agent 3k. 

Hope this roughly gives u the idea. 

Edited by cutejack
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14 hours ago, cutejack said:

Next year is long way to go. Prices fluctuate. U should  bargain if the owner offers a price to sell. Try n explore the hdb resale prices at the area u r looking for from hdb website. 

Usually u need to have 1-2k in hand to book an unit. Once the transaction is done n u have the house key in ur hand, u need to pay 1% of the buying price. Eg. House price 300k . U have to pay the agent 3k. 

Hope this roughly gives u the idea. 

 

an agent friend of mine told is 5% on hand cash if borrowing bank loan. If from CPF, i must have at least 20% cash down payment made on hand. 

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1 hour ago, single42 said:

 

an agent friend of mine told is 5% on hand cash if borrowing bank loan. If from CPF, i must have at least 20% cash down payment made on hand. 

My apologies as i got no idea abt bank loan. My advice above is for hdb loan only. More str8 forward.

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2 hours ago, cutejack said:

My apologies as i got no idea abt bank loan. My advice above is for hdb loan only. More str8 forward.

 

noted & no worries. thanks btw. 

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