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what is the minimun deposit to book a resale hdb 4rm? 1k will do? would prefer at pasir ris street 52 but 4 to 8 floor. high floor will be toooo expensive. will i need to pay comm to seller's agent fully or just pay the admin fees only of less than 1%? i don't intend to engage buying agent coz i'm doing my own research.
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1 Answer

Clinton Lim
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Good afternoon monjil,

You need not pay any commission to the seller's agent. He/she will be the one paying. On your side, if you're very familiar with the procedures, you only need to deal with your solicitors and mortgage issues etc etc.
If you're taking a HDB loan, make sure you have got the HDB Loan Eligibility (HLE) or if you're taking a bank loan, the Letter of Offer (LO) from the bank must be attached to the Option to purchase before you exercise it.

A deposit of up to $5000 shall be made to the seller. The amount is usually agreed between you two and it shouldn't exceed $5000.

Feel free to drop me an email at clintonlimzj@hotmail should any doubt arises.

Wishing you all the best in searching for your ideal unit! Read More
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