Hdb should i sell or buy first(sof)

[assiduous]

Hi

We facing a problem of wheather should i sell my current flat before my sale of balance selection.

Understand HDB allow 6 months grace period to sell our flat after we collect our key
If i chose to buy sales of balance flat first:
If by doing so,

1) i will be holding 2 hdb, will i need to pay extra fee such as stamp fee? (hdb loan)
2) what if i unable to sell my flat, what should i do?

 

[henrylbh]

Hi

We facing a problem of wheather should i sell my current flat before my sale of balance selection.

Understand HDB allow 6 months grace period to sell our flat after we collect our key
If i chose to buy sales of balance flat first:
If by doing so,

1) i will be holding 2 hdb, will i need to pay extra fee such as stamp fee? (hdb loan)
2) what if i unable to sell my flat, what should i do?

Buy first only if you don't proceed from sale of first flat.

 

[Thoreldan]

Is more on whether u can manage the cash flow... do u need the sales proceed to fund your reno & furnishing, etc ?

 

[assiduous]

I can reno after i sell my flat.
But if i buy 1st, do i need to pay extra levy or stamp fee?

Sent from HUAWEI VOG-L29 using GAGT

 

[henrylbh]

I can reno after i sell my flat.
But if i buy 1st, do i need to pay extra levy or stamp fee?

Sent from HUAWEI VOG-L29 using GAGT

No absd if that is your concern.

 

[Thoreldan]

If you're gonna take a 2nd hdb loan, the interest would be 3.16% instead of 2.6% until you sell off your first hdb.

 

[Thoreldan]

If u cant sell within 6 mths, ask for extension. Generally hdb arent too anal about it

 

[henrylbh]

My father joint-owner of a flat. He bought a flat under his sole name. After 6 minths, HDB kept hounding me to ask him to remove his name from jointly held flat or sell it. If he refuses HDB will force sale the jointly held flat when i offered to surrender the recent purchase. Ha ha,after more than one year nothing happened.