What is an HDB valuation? It's the official assessment of how much your HDB flat is worth in the current market. An HDB-appointed valuer determines this value, not you or the buyer. It's required if the buyer uses CPF funds or takes a housing loan (from HDB or a bank). Why it Matters: Limits how much CPF the buyer can use. Sets the maximum loan amount the buyer can get. Impacts Cash-Over-Valuation (COV) if your selling price is higher than the valuation.

No, you can't get the official HDB valuation before setting a price with the buyer. Here's how it works: You negotiate and agree on a price with a potential buyer. The buyer gets an Option to Purchase (OTP), paying a deposit. Only then can the buyer request the official valuation from HDB. This system makes sure prices stay realistic and prevents sellers from asking for too much without a serious buyer. But, a good agent can help you sell your home for the best possible price! We can advise you on a competitive price, and negotiate effectively with buyers.

HDB valuers figure out the value of your flat by looking at these things: Recent Sales: They check how much similar flats in your area sold for recently. This includes flats that are the same size, on the same floor, and in similar condition to yours. This is the most important factor. Your Flat's Features: They'll consider how many years are left on the lease, its condition, and if you've done any renovations. The Market: If lots of people want to buy flats in your area, the valuation might be a bit higher. Important: Sometimes, HDB might not send a valuer to your flat. They may decide the value based mostly on recent sales data. Remember, the valuation is like a fair price tag - it might not be the exact same as what you or the buyer have in mind.

HDB Contra, also known as the HDB Contra Facility or Enhanced Contra Facility (ECF), is a scheme by the Housing & Development Board (HDB) in Singapore to help you streamline the process of selling your existing HDB flat and buying a new one. There are actually two types of Contra facilities depending on whether you're buying a new flat directly from HDB or a resale flat: HDB Contra Facility: This is for those who are buying a new HDB flat directly from HDB. Enhanced Contra Facility (ECF): This is for those who are buying a resale HDB flat. Here's how both types work in general: Sell and Buy Simultaneously: You can sell your existing HDB flat and purchase a new one at the same time. The sales proceeds and refunded CPF monies from your existing flat can be used to offset the purchase price of the new flat. Reduced Cash Outlay: This significantly reduces the amount of cash you need to fork out for the downpayment and other upfront costs of the new flat. Lower Mortgage Amount: With the sales proceeds used to offset the purchase price, you might also qualify for a lower HDB loan amount, reducing your monthly repayments.

Yes, PRs are eligible to buy resale flats, subject to certain conditions. 1) Your PR status must exceed 3 years (you and your spouse) 2). Must not own any private property in Singapore or overseas

A temporary extension of stay for HDB resale flats is a private agreement between the seller (you) and the buyer that allows you to stay in the flat for up to 3 months after the official completion of the resale. There are some key things to keep in mind: Maximum Duration: The absolute maximum extension is 3 months. HDB will not approve any extensions beyond that period. Buyer Costs: Even though you'll be staying in the flat, the buyer will be the legal owner from the completion date. This means they will be responsible for costs like the monthly loan instalments, service and conservancy charges (S&CC), and property tax. As the seller, you may choose to compensate the buyer for these costs during the extension period. Seller Eligibility: You are only eligible for a temporary extension of stay if you have already purchased (or are in the process of purchasing) another completed property in Singapore. Application Process: The extension of stay is a separate agreement from the resale itself. You can apply for it through the HDB resale portal after the completion of the resale. There is a $20 administrative fee for buyers to process the extension. Private Agreement: The terms of the extension, including any compensation you will pay the buyer, are entirely up to you to negotiate. HDB will not get involved in any disputes arising from the agreement.

Second-time buyers (direct from HDB only. BTO or EC) may need to pay a resale levy, which depends on the type of flat they previously owned. 2-room flat: S$15,000 3-room flat: S$30,000 4-room flat: S$40,000 5-room flat: S$45,000 Executive flat: S$50,000 EC: S$55,000 Note that the above rates have applied since 3rd March 2006.

The HDB resale price is negotiated between the buyer and seller. It's recommended to get a estimated valuation from your estate agent.

Yes, CPF can be used, but there are limits and restrictions. For example, only monies in your CPA OA.

Typically, you need to have met the Minimum Occupation Period (MOP) and fulfilled other HDB eligibility conditions. We'll guide you through the process.

In general, you need to fulfill the MOP, which is usually 5 years. Certain exceptions exist, such as cases of divorce or death.

Buyers must meet HDB eligibility criteria, such as citizenship and family nucleus requirements. We ensure potential buyers are qualified.

Yes, you can use the sales proceeds, but there are rules and restrictions. We can guide you on the best way to navigate this process.

The process involves valuation, engaging a real estate agent, finding a buyer, completing necessary paperwork, and finalizing the sale through HDB.

We can help you explore options such as the HDB resale market or applying for EC , depending on your preferences and eligibility.

Simple upgrades, decluttering, and proper staging can significantly improve the visual appeal. We provide guidance on cost-effective improvements.

Look for experience in handling HDB transactions, a proven track record, and effective marketing strategies. We pride ourselves on our expertise in this area.

Yes, you can sell your HDB flat with an outstanding housing loan. The loan will be repaid using the sales proceeds, and any surplus can be used as you see fit.

Declutter, clean & stage! Fix minor issues. Brighten up with paint & lights. Price right & use great photos. Market online and consider a property agent for expert help.

The process involves listing your flat, conducting viewings, negotiating offers, handling paperwork, and finally, closing the sale. I'll guide you through each step.

Yes, paperwork for HDB transactions can be complex. We will handle all the legal documents and ensure everything is in order. We will also negotiate on your behalf to get you the best possible price.