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Contact Vincent at (+65) 66336688 or email him if you want to sell your property.
DIY
The first answer to the question "how can I sell my property?" would be to do it on your own. The advantage of doing this is that you are able to cut down on incurred expenses during the sale process because your proceeds are not subject to reseller's fees and commissions. There are many property websites that allow you to list your property in the market at no charge, so take the time to plan the details of your listing. Make sure that you provide complete information about the house or flat you are selling and your contact details for prospective buyers. The drawback is that you will have to handle all the necessary documentations and submission on your own which can be a pain especially when you are not familiar.
Selling HDB
Now you may be asking, "How can I sell my property if it is an HDB flat?" The rules to selling and reselling HDB flats vary slightly from landed properties, as you would have to check with HDB whether you are eligible to resell your property. The Minimum Occupation Period is a standard set by HDB to determine whether a flat is eligible for resale depending on the conditions of the payment and the type of the flat being sold. Owning a one-room flat exempts you from the MOP, but otherwise you would have to check for your eligibility to resell with the HDB.
Contact Vincent at (+65) 66336688 or email him for property advice if you are thinking of buying, selling, renting and investing in Singapore properties.
Auctions
The first thing that you have to do after asking "how can I sell my property through an auction" is to get in touch with a reliable auctioneer and provide the details of the property you want to put up on the market. After this, an agreement between the auctioneer and yourself will be drawn up, and you will be asked to pay administration fees upon signing. If a sale is successful you will be required to pay one percent of the sale price to the auctioneer as a commission.
Option to Purchase
Remember that a prospective buyer is usually represented by a property agent, and he or she can draw up an Option to Purchase Agreement to be signed by both parties once a fair price has been agreed upon. At this point your prospective buyer will pay one percent of the sale price, therefore giving him the authority over your property's Certificate of Title (CT). This authority gives the buyer the right to exercise his option to purchase and demand the completion of the sale, after which another 9 percent of the total asset value will be paid to facilitate the forming of the Purchase and Sale Agreement.
The next question you may want to ask is "How can I sell my property after the Option to Purchase has been exercised?" At this point, you will be required to present your CT for inspection to the purchaser's solicitor. The CT will then be surrendered to the Singapore Land Authority once the sale is completed and a new CT under the name of the purchaser will be released. While going through all these steps and asking "How can I sell my property?" always remember that you also have obligations and rights as a seller, and you should well be aware of them before entering into any type of agreement.
Contact Vincent at (+65) 66336688 or email him for property advice if you are thinking of buying, selling, renting and investing in Singapore properties.
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