Hi,
I have handled similar cases before and one of the cases is actually my father-in-law's house. If you were to take out your name then your parents will need to refund all your CPF used plus accrued interests. So this will be one bulk of cash involved. In the event if you still have a loan, your parents will have to bear the remaining loan of the house. If they are not able to bear the loan then that will be another amount of cash needed to clear off the loan. So all in all, you will need to fork out a lot of cash in order to make. your move work.
A more viable option will be sell off your current house and you can get back your CPF used plus accrued interests and the rest of the money can use used to get a smaller unit for your parents. This is not a bad move as it will be easier for your folks to maintain and clean the house if it is a smaller place. Of course this is the theory behind but in order to know if this can work out as said, a detailed financial calculations will be very necessary. Maybe what I can suggest is, we can have a online meetup to discuss about this. No worries about the meetup as there will be no obligations at all. We can just use this time to find out more and give you some proper advice. After the financial calculations are done, we can send it to you for your keeping so that you can have a proper discussion with your family and make that informed decision.
ust to share a little on myself. I have been in the industry for more than 10 years. Over the years, I have served many clients and many are my friends now. Many have also left testimonials for me for my service rendered, I was also featured in CEA's newsietter together with my partner for Great Client Service. I also won the SAEA Real Estate Excellence Silver Award for Best Client Service. I have left some links below so maybe I will need to trouble you to copy the links to your internet browser and take a look. Hopefully this will give you some idea of how I conduct this business. I am proud to say that we have always placed our clients' interests in the top position and I believe we will be able to offer the same level of service to you and hopefully even better.
Looking forward to hear from you soon! Cheers!
Best Regards,
Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)
Mobile :
+65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com
Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012/2013)
* Featured in CEA Newsletter for Great Client Service - https://goo.gl/NMusPZ *
* Featured in Propertyguru Magazine With My Partner- https://goo.gl/cioyEu *
* Featured in PropertyGuru Magazine for Team Building - http://tiny.cc/80w5lz *
* Words From Clients - https://www.sgpropertyadvisers.com/testimonials *
* Check Out Our Client Testimonial Video Here - https://youtu.be/WzNepsjH1Oc *
* Check Out My Team Mates’ Testimonials Video Here - https://youtu.be/SmdXkgREVOU *
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