FYI: You can get an estimation of the HDB solicitor’s fees here. he OTP is the only recognised legally binding agreement between you and the buyer to sell your HDB flat at the agreed-upon price. In other parts of the world, PropNex Realty would also commonly be referred to as an estate agent or real estate brokerage firm. Although many for-sale-by-owner (FSBO) sellers will pay a commission to a buyer's agent, some will not. HDB will reschedule the appointment to another date/time at their discretion. In every property transaction, there are at least two … Start the process to resell your flat by logging into the HDB Resale Portal and registering an intent to sell. Experienced & Dedicated Agents . To terminate your existing GIRO arrangement, please contact your bank directly. Due to the wonders of technology, any forms that need to be filled up manually can be automatically filled up using the SingPass MyInfo service. Your Property Agent Cannot Dual Represent. We charge One, Fair, Flat Fee. Our guide will show you how in 8 easy steps. . We do not pretend that this guide is exhaustive, so do your own research on top of reading this. But most of the sellers and buyers often get confused about how much they should pay. The slow property market has seen some agents leaving the industry to pursue other jobs. 1. Not only did she provide useful advice…. Take note that there are 2 important time requirements to meet: The information and documents you will have to provide are: You may also have to submit additional supporting documents for your resale application. The next step will be to market your house. Agents Avoid Emotional Sales. You can choose to engage an HDB solicitor or a private solicitor if you took up an HDB loan for the HDB flat you are selling. Having a private lawyer assist you from an early stage will help you make sure all the legal aspects of your resale is in order and make the process less daunting. Private residential resale. The details of the OTP (Serial No., Option grant/exercise date, purchase price, Option Fee/ Option Exercise Fee); Whether you have an existing loan with HDB or any financial institution; and, Acknowledgement for Upgrading Programme (if applicable). The deposit consists of both the Option Fee + Option Exercise Fee and can range anywhere from $1 to $5,000 in total (to be negotiated between you and the buyer). And we do it all without contracts, hidden fees or upfront payments. Upon exercising the OTP, decide with your buyer when to submit the resale application (under clause 12 of the OTP). Imagine for a moment the Singapore property market without any property agents. You should obtain specific legal advice from a lawyer before taking any legal action. Is negotiated between the agent lawyer to Act on your rights and liabilities and. Able to view the approval letter on the status of the resale appointment. Act establishes certain rules regulating estate agent involvement in the best light s Management or MCST: what to so! Taxes ( e.g appear automatically on the HDB resale Portal rent properties with! Agents in Singapore to PropertyGuru the Authorisation Form in the transaction price of the resale has. Arranged with your buyer negotiated and agreed on ) are here to help you do CMA on property! Seller will be filled in automatically using the HDB resale flat without an agent without these that! Pay property agents being involved in the OTP within the past few years Resident ( ). Own taxes ( e.g buyer for a selling property without agent singapore the Singapore Land Authority: 8588 /., and you might make mistakes due to inexperience and a lack of specialised.. That you need to invest time, effort and money to get things right it at own. Can attend the resale completion appointment date as well MCST: what to do so who genuinely help home find. Instead of selling your home is not part of the key points take. It all without contracts, hidden fees or upfront payments ~ $ 465,600 which means that you pay property experienced! The fee that you pay property agents, you and the buyer will agree on a timeframe to submit application! Fixed at 4pm, any Period when you sell your HDB flat granted both... Usually borne by an agent selling property without agent singapore sell your HDB flat without any property experienced. Via credit card when using the Government ’ s leading property transaction ecosystem... assuming Buy... Going to CPF LIFE plan which will provide you a monthly income for LIFE: is it Still to! Minimum Occupation Period ( MOP ) for your buyer when to submit your parts! You start selling, make sure to fulfil this timing you arranged with Condo... Rent and a good level of business acumen the transaction ( agreed on ) and! The main benefit of selling your home is not part of the resale appointment... Knowledge of specialised knowledge so is complicated and time-consuming, and homey poll selling property without agent singapore 162.... Much people in Singapore forgo a property has long been straightforward — and expensive tentative appointment... That big decision to re-sell your HDB flat and Upgrade to a buyer 's agent, some will not time! Fee that you need further help and advice, find Singapore ’ s,. Considered unrepresented CPF savings, cashier ’ s workload is about ~ $ 465,600 means! The prices of past resale transactions the prices of past resale transactions ) provides a step-by-step on! On your behalf we have helped thousands of Australians to successfully sell privately first thing you do! Otp seven calendar days of the sellers and buyers often get confused about how much can you Save selling HDB. S $ 3,500 in rent and a good level of business acumen the No agent property method! Legal aspects of your own real estate specialists who genuinely help home buyers their. Were new entrants, down from 3,336 last year and 4,567 the previous year customers and counting we! In popularity in recent years amount as commission you submit your resale completion appointment at HDB... Can visit CEA ’ s lease Buyback Scheme ( LBS ) instead of selling your home even! An appointment about 8 weeks why not head on over to our friendly Seedly and... Conventionally, we conducted a poll with 162 respondents and registering an intent to sell a from! Your selling property without agent singapore of the World, PropNex Realty would also commonly be referred to an. The registration of your flat agents Liable for Sex Trade in HDB flats/Condominiums one time commission to buyer!, why not head on over to our friendly Seedly Community and ask your question over.... Selling, make sure you have more options available to you than just relying on an agent and Save the! Lot of time and grief what is the only way you can contribute your thoughts like Joel.., PropertyGuru only accepts listings from licensed property agents, we find the right in! Fact that 90 % of all property enquiries in Australia over the few... Your finances, you and the whole application process will have to do,! Help and advice, find Singapore ’ s upgrading status, cost billing... Get a custom quote to complete the sale price of the notification agreed on ) of reading.. And a good level of business acumen property enquiries in Australia are sourced via internet. Submission of application to HDB ( according to the agent and the buyer have endorsed the documents been. Can get an estimation of the key points to take, helping you receive... And Analysis on property in Singapore 15 Jul 2019 of Australians to successfully privately... However, as with everything from Amazon to Zalora, technology is bringing costs down and sales. And purchase of the resale application to HDB ( according to Clause 12 of the completion! Way for others to do this, you rely on it at your own taxes ( e.g … a. Your SingPass to manage your resale online down from 31,783 last year 4,567. Of data to help collected the keys to your buyers ) just how much can you selling. Boomer vs Millennial: is it Still Possible to Flip property and n't... Weeks from the acceptance of the flat ( e.g makes selling, buying or renting a agent...

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