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If I have not bought any property but inherited my parents fully paid 4RM HDB and wants to sell it, will the sale of proceeds be in cash?

If I have bought a property that's not fully paid (BTO/Resale/SBF) & inherited my parents fully paid 4RM HDB and wants to sell it, will the sale of proceeds be in cash?
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7 Answers

Hi, yes the sales proceed should be in cash.

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Yes, it will be in cash.

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Hi,

Yes the proceeds will be in cash and the sale cash proceeds have to be deposited into their Estate bank account first. If you do not have other property, and am 35 years old single singaporean citizen, you may be eligible to keep it. Otherwise, you need to sell in the open market since you are not eligible to keep the HDB. May I know if you have gotten the probate document?

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever

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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes once the flat is sold then the sale proceeds will be all in cash and in the form of a cheque. I have done a couple of sale of HDB Inheritance and looking forward to answering your query too.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi J T,

Yes, the sale proceeds will be fully in cash, payable to you on the completion day of the sale in the form of a Cashier's Order.

I have assisted my clients who are in the same situation to sell their inherited flat. Please contact me privately so that I can give you an overview of the sale process and highlight to you the important issues that you may need to take note of.

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

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Judy Rong (Seller) Dec 2023 Read More
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1. The proceeds from the sale will be in cash and must be deposited into the Estate bank account first.
2. If you don't own any other property and are a 35-year-old single Singaporean citizen, you may be eligible to keep it.

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