AskGuru Q&A Community

Hi Edwin, LEt me and my team help you. WIth the new changes in the market, I will advise you to proceed with marketing of your hdb first. Do give me a call or drop me a text for a detailed discussion. I will be able to help you through the whole process. Timeline can be arranged. Hope to hear from you. Tricia Tan propnex 91442664  Read More

Morning Edwin, Since you are selling off your HDB to purchase the private property, you will need to work on the financing. Understanding how much cash you can obtain from the sales, how much loan you are eligible for and how much cash you have in hand (to pay off the ABSD and downpayment for the upcoming purchase) is essential. We can also work on the S&P transition timing with better management and control once we get a clearer picture of your financial status. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More

Hi Edwin, Yes this timeline is very ideal and tight. You have made a good decision to sell first. While you are looking for Condo to purchase, plan to rent. Even if you have decided on a resale / subsale condo to buy, there is risk the HDB process will prevent you from securing that unit. Depending on your asking price, HDB resale can take 3-8 months... Gary 81883186  Read More

Dear Edwin, you have made a very good point to sell your HDB first, rent a condo for 6 months during the transition period to buy a resale condo. I have a brand new condo for rent (TOP in end Jun/early Jul-14) which can give you a lease of 6 months. Do contact KC at 9369-0054  , I hope to help you during this transition to find a home. Thank you ! Best Regards, KC Wong, Propnex Tel : 9369-0054  Email : kc_wong@live.com.sg Read More

Dear Edwin, A Jurong East 4A is still seeing healthy transactions for units where location is good but there is no doubt that the transacted price has been quite significantly affected by the cooling measures in place. You may need to be more creative in your purchase in order to work around the timeline issue which you have correctly identified. More importantly, it is also restricted by the financial profile of yourself. In securing back to back transactions from HDB sale to condo purchase, the completion for condo purchase is very likely to be faster than the HDB, therefore how are you going to move funds into this purchase if your HDB has not been completed is worthwhile to explore. Most buyers will likely take up the option of a bridging loan to work around. There are of course other options depending on the seller's situation which you can work out if creative thoughts are put into purchase negotiations. This is where an experienced salesperson can value add to their clients. Visit and Like my facebook page at https://www.facebook.com/propertyblogshop Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com M.O.R.E Landed Dynamic Alliance Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Our next exhibition is on 2nd and 3rd August 2014. If you have missed out successful exhibition on 10th and 11th May, do not miss this opportunity again. Register your interest to attend this showcase event now! Read More