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Buying Tips
What
you need to know before buying a
home?
First
and foremost is your budget. You can go
around viewing beautiful homes but if the
asking price is beyond your reach, then your
effort is futile unless you just enjoy the
sightseeing activities !
You
need to work out your financial standing,
know your CPF contributions availability to
be utilized for housing loans, know how much
is your comfortable mortgage payment per
month, know the availability of finance
schemes.
If
you are buying HDB flat, you must know your
eligibility for either HDB loans or bank
loan. Know the current ruling in terms of
housing grants and its
qualifications.
Applying For A Bank
Loan
You
can go to individual banks to apply or make
the comparison rate yourself ; or
you
can get us to process your bank
application on your behalf (no extra
charge).
Information
required to process loan
application:
1.
Copy of NRIC
2. CPF statement
3. Payslips / Tax assessment
What you need to know before buying a private
property, condo or landed
home.
1. Budget
You
should exercise financial prudence. For
multiple investment buying property using
CPF, you have to set aside a minimum sum
scheme as stipulated by CPF
Board.
2. Location
Once
you know your budget, look out for location
that suits your pocket. Remember you may not
want to stay at the house you buy forever,
therefore you must think, of the possibility
to re-sell back in future.
How to find the right
property?
Going
through the newspaper ads is somewhat like
drowning yourself in the floods of houses
for sale available for you. Going through
the individual ads and calling individual
agent is no fun and very time consuming. You
may not know the market well in that
particular area thus limiting your
negotiating power.
Remember,
buying a property may not be as easy as you
thought. There is no such thing as cheap and
good. Although there are some good buys you
may consider in a very unique
situation.
Selling Tips
What you need to know before selling your
property?
You
must work out the financial aspects first
before you decide to make the
move. Know
how much you are still owing the bank or HDB
and how much CPF you have contributed to
date in financing your current
home. All
these information are vital for your
decision making.
Dressing up your house
First
impression counts. Although your house is
not as beautiful as the homes featured in
décor magazine, nevertheless you should make
it presentable.
Like
women who like to dress-up before going out,
you should consider do some touch-ups to
your house as well. Get a new fresh coat of
paint if possible.
Paint
your toilet ceilings and drainage
pipes. Remove
unwanted furniture. House should not be
cluttered by unnecessary stuff. Do some
spring cleaning at the early stage also to
make you task easier when you want to move
out.
How to find the right
buyer?
Getting
buyers are not as easy as to answer phone
calls that you received through a newspaper
advertisement. Screening
the right buyer in terms of their budget
constraint and their choice locations will
not be easy for owners to extract this
information especially in terms of their
financial calculations.
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