Hi,
If you have an outstanding loan for the hdb, the max loan you can obtain for the next property (condo) will typically not be sufficient for you to buy first. The ABSD of 7% upfront also can't be avoided. One way will be to negotiate with the condo seller on the option timeline, but this is usually at the expense of higher price, which may not be in your favor. He/she may not want to wait for you as well. Sometimes its a matter of timing and affinity as well I guess.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact:
(+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)
-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --
We like to commend our realtor, Ivan Ng, whom we appointed as our exclusive agent to sell our flat in 2016.
Our estate had just touched 5 years MOP and had quite a number of competing units for sale, and we were concerned if we can secure a decent offer in the current slow market.
Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship. Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start.
It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end. Interestingly, the eventual buyer commented Ivan was the only agent who was respectful to his mum during his viewings, which helped with his decision.
Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. We are kept informed regularly on the profile of the viewers as well as their feedback. He was there for all viewings, timeline coordination, financial planning, valuation, inspection all the way to HDB completion appointment. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.
We're looking to find an investment property next and will be glad to work with Ivan again for the long-term to restructure our property portfolio. He has become a friend now, and we are most happy to recommend his professional services to our loved ones and friends.
--- HDB Flat Upgraders Mr. & Mrs. Lee ---
We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.
He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.
When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.
Thanks Ivan! :)
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