SGPD

Renting in SG: What is a Letter of Intent (LOI) and why do I need it?

Shelwyn @ SGPD — Tue, 12 Sep 2023 05:01:37 +0000

Whether you are a landlord or a tenant in Singapore, you may have come across the term LOI which refers to the Letter of Intent. An LOI is a document that outlines the key terms and conditions that the tenant and landlord have agreed upon before formalizing the rental agreement in a Tenancy Agreement (TA).

Who issues the LOI?

An LOI is issued by the tenant or tenant’s agent.

In the event that the tenant doesn’t have an agent, the LOI can also be prepared by the landlord’s agent, with terms verified and endorsed by the tenant, then eventually presented to the landlord for acceptance.

What are the advantages of having an LOI?

An LOI is used to express the tenant’s serious interest in renting a property and outlines the basic terms of the rental arrangement.

It clarifies the expectations of both parties and reduces the likelihood of misunderstandings during the Tenancy Agreement (TA) finalisation process.

With the LOI, the landlord has the assurance to stop looking for prospective tenants and viewings, prior to entering into the TA process.

Once both parties agree on the terms outlined in the LOI, a formal TA is drafted. The terms from the LOI are incorporated into the TA, which is the legally binding document that governs the rental relationship.

Especially for whole house rentals in Singapore, landlords prefer not to skip the LOI in the rental process.

Do tenants need to pay a deposit along with the LOI?

Yes, in Singapore, typically a good faith deposit equivalent to a one or two-month rental amount is paid by the tenant to the landlord, along with the LOI.

When the TA is signed and endorsed, this deposit typically will be used to off-set the first month’s or first two months’ rental.

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SGPD 60-Sec Read: How to buy a resale HDB flat?

Shelwyn @ SGPD — Wed, 06 Sep 2023 06:05:43 +0000

What is the first step if I am looking to buy a resale HDB flat?

First of all, apply for the HDB Flat Eligibility (HFE) letter on the HDB Portal.

This letter will provide you with information about your qualification to purchase a resale flat, in addition to outlining the CPF housing grants and HDB housing loan amount you are entitled to.

If you are intending to take a home loan from a bank instead of HDB, then you should concurrently apply for an In-Principal Approval and subsequently get the Letter of Offer (LO) from the bank.

So I have the HFE letter, what's next?

Congrats! With the HLE letter in hand, you can now set a budget for your search. Your HFE letter is valid for 6 months.

PropertyGuru is by far the most popular portal where the latest resale listings are posted and updated regularly.

Start with a shortlist of about 3-5 resale flats and set up viewing appointments.

You should always visit the flats you like at least twice, preferably at once in the day and once in the evening.

This will give you a good idea if there are any night and day differences or if you spot any dealbreakers.

I would like to buy a resale flat that I like, what is next?

(A) Obtain an Option to Purchase (OTP):

Get an OTP from the seller or seller’s agent. The seller needs to have already registered for an Intent to Sell for more than 7 days before an OTP can be issued to you.
You will need to pay an option fee between $1-$1000 to the seller.
You will need to submit for a Request for Value by the next working day after you get the OTP.
You have 21 calendar days to decide if you would like the exercise the OTP. Exercising means you have decided to buy the flat.
If you are getting a home loan from a bank, you will need the LO before exercising the OTP.

(B) Exercise the OTP:

With the HFE letter (+ LO for bank loan) and HDB’s valuation, you may exercise the OTP if you decide to purchase the resale flat.
You will then need to pay the seller an option exercising fee of not more than $5,000, including the option fee amount that you’ve already paid.

After exercising the OTP, how do I complete the purchase?

Both you and the seller are required to individually submit your portions of the resale application within the specified timeframes:

Within the designated number of days mentioned on page 4 of the OTP.
Within 7 days of each other’s submissions.

If both parties’ application and documents are in order, HDB will notify you and the sellers of their acceptance of the application.

Thereafter, it will take about 8 weeks to process the application and complete the transaction. This is the earliest possible date to complete the transaction.

You may possess the flat after transaction is completed, unless you have agreed to give an extension (maximum up to 3 months) to the seller.

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If you have any other questions that I did not address

The post SGPD 60-Sec Read: How to buy a resale HDB flat? first appeared on SGPD.

SGPD 60-Sec Read: Do I need a property agent to rent a house as a tenant in Singapore?

Shelwyn @ SGPD — Mon, 04 Sep 2023 13:15:43 +0000

I'm looking to rent a residential property, do I need an agent?

No, you don’t necessarily need an agent if you prefer to do your own search and manage the whole rental process.

You can simply browse the more popular, reputed portals such as Property Guru or 99.co to view the current rental listings available on the market.

You can also choose to hire an agent to help you shortlist, coordinate the viewing appointments, manage the lease negotiation, prepare the Letter of Intent (LOI) and vet the entire contractual process.

What do I need to know if I'm not hiring a property agent as a tenant?

First of all, I have to caution against some listings on portals such as Carousell or Facebook Groups/Marketplace as there were news reports on scams where deposits are placed for fake listings.

Unlike Property Guru or 99.co where only licensed property agents can post, these portals can be posted by anyone. So remember, you do not need to pay anything for a viewing.

it is also common for property agents representing the landlord to ask for a profile (as long as it is not discriminating), because landlords do reserve the right to select tenants with a preferred lifestyle or living habits. For instance, whether tenants own pets or do heavy cooking.

What do I need to prepare if I'm not represented by an agent?

After you have decided to rent a property, prepare a Letter of Intent (LOI) along with either a good faith deposit (either 1 or 2 months of agreed rental amount) to the landlord.
Read and understand all the terms of the Tenancy Agreement (TA) before signing. You will also need to place an additional one or two month security deposit at this point. This is for any additional repairs or defects needed during the handover of property when you end your lease.
Your landlord or landlord’s agent will make copies of your identification documents and work passes (if applicable).
You will then also need to check through the inventory list provided to ensure that everything that is included in the lease is in the property.
After moving in, prepare a condition report of the property on the defects you need the landlord to fix and the defects that were present prior to your stay but are okay to live with. You will typically have one-month after the move-in date to compile the condition report.
Understand that during the course of your stay, usually you are responsible for the aircon units servicing fees, as well as to repair anything is in the inventory list, paying up till the stiputated small repair fee, per item, per repair.

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CCR vs RCR vs OCR: Which Area has Best Price Growth Potential for Private Condos in Singapore?

Shelwyn @ SGPD — Wed, 30 Aug 2023 09:11:18 +0000

If you have been shopping for a private residential property in Singapore, you might have come across these abbreviations – CCR, RCR and OCR – and while you might have a rough idea what they refer to, this article will explain what they mean for you as a property owner. I will also break down the price growth of each region and look at its upcoming price growth potential.

TLDR

For the past 10 years based on resale condos’ psf, CCR has the lowest price growth at 21%, RCR at 35% and OCR at 39%, showing the strongest price growth.
OCR prices will continue to grow but at a slower rate.
RCR and OCR are expected to continue their strong price growth in the next 10 to 15 years.

Core Central Region (CCR)

The Core Central Region (CCR) refers to the central part of Singapore that encompasses prime and highly sought-after areas. This region includes the downtown core, upscale residential neighbourhoods, and commercial districts.

Some of the most prestigious and iconic properties are located in the CCR. Properties in this region tend to have higher price points due to their prime location, proximity to business hubs, entertainment options, and cultural amenities.

What districts are in the CCR?

Districts 9, 10, and 11. Also, it encompasses the Downtown Core, which includes certain sections of Bugis situated south of Ophir Road, and the iconic Sentosa island.

Rest of Central Region (RCR)

The Rest of Central Region (RCR) refers to the areas surrounding the CCR. These neighbourhoods offer a mix of urban convenience and suburban tranquility. The RCR includes both mature residential estates and up-and-coming neighbourhoods.

Properties in the RCR generally offer a more diverse range of price points compared to the CCR but depending on the popularity of the district itself, there are prices in RCR that come very close to CCR as well.

What districts are in the RCR?

Districts 3, 8, and 12, as well as parts of Districts 1, 2, 4, 5, 7, 13, 14, 15 and 20.

Outside Central Region (OCR)

The Outside Central Region (OCR) covers the suburban areas and outskirts of Singapore. This region offers a more spacious and family-friendly living environment.

Properties in the OCR tend to be more affordable compared to the CCR and RCR.

What districts are in the OCR?

Districts 16, 17, 18, 19, 21-28 and parts of Districts, 5, 14, 15 and 20.

What is the price growth for a property in CCR, RCR or OCR?

To analyze price growth, I look at the 10-year historical data from 2012-2022 using average psf for resale condominiums, across all three regions

CCR - Prestigious address but at a slower growth rate

For resale condos in the CCR, there is a 21% growth of average psf in the past 10 years. It also looks like price growth for the CCR has reached a plateau and if it continues to grow, it will be at a slower rate in the next 5 – 10 years, compared to the other regions.

Buyers need to understand that owning a property in the CCR is not about looking for the best price growth. Instead the prestige of owning properties in a premium region, and having a CCR property as a status symbol are reasons that fuel the purchase.

RCR - Catching up to CCR with an accelerated growth rate

There is a 35% of average psf growth for resale condos in the RCR for the last 10 years. In terms of absolute psf, RCR is still catching up to CCR but the price gap between CCR and RCR is narrowing.

This narrowing price gap continues to trend in 2023 and I expect RCR to continue tightening its price gap with CCR’s for the next 5 – 10 years, due to the continued expansion of our MRT network and improved amenities built by the government.

OCR - Up-and-coming with the strongest growth rate

For OCR, resale condos have an average psf growth of 39% in the past 10 years. Properties in OCR sees their advantages in relative affordability and spaciousness. I expect the growth of OCR to continue to be the strongest consistently for the next 10 -15 years.

Demand for OCR properties will also continue to rise because similar to RCR, the MRT connectivity is widening across the island and as we develop more amenities in the OCR, the appeal for OCR properties will only continue to rise.

Conclusion

There are multiple factors to consider on which region to buy but if you are looking for price growth, go for either RCR or OCR.

To further decide on whether it is RCR or OCR for you, it is then down to price point and lifestyle factors.

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SGPD 60-Sec Read: Do I need to pay an agent fee for buying a new launch condo?

Shelwyn @ SGPD — Fri, 25 Aug 2023 09:55:04 +0000

Do I need to pay agent fee for buying a new launch condo?

No, you don’t need to. Agent fees/commission are paid by the developer.

What if my agent asks for commission?

If your agent asks for a commission to assist you on a new launch, question your agent if the commission is already paid by the developer.

Property agents in Singapore are not allowed to collect commission from more than one party (except for referral fees for a third-party such as bank or law firm).

If I'm not paying my agent any fee, will they still help me?

You can still expect your preferred agent to be responsible for liaising with various parties to get your paperwork done and to manage the entire process for your new launch purchase.

If your preferred agent is not familiar in a specific new launch you are interested in, your showflat visit will be accompanied by another agent who is a specialist of the new launch, together with your preferred agent.

It is illegal for property agents to give cashback based on their received commissions from the developer to the buyer of a new launch.

Is it legal for my agent to offer me cashback?

It is illegal for property agents to give cashback based on their received commissions from the developer to the buyer of a new launch.

If caught, the agent in question will attract disciplinary action.

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If you have any other questions that I did not address

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SGPD 60-Sec Read: How To Check Annual Value of Your Property

Shelwyn @ SGPD — Fri, 25 Aug 2023 09:54:03 +0000

What is Annual Value (AV)?

Annual Value (AV) represents the approximate gross annual rental income the property would generate if leased, excluding furnishings, furniture, and upkeep charges.

It’s calculated using estimated market rental rates of comparable properties.

Factors affecting Annual Value (AV)

There are multiple factors IRAS consider when determining Annual Value (AV):

Rentals of similar or comparable properties in the vicinity
Size of property
Location of property
Condition of property
Other relevant physical attributes

How can I calculate Annual Value (AV)?

There is no reliable way to calculate Annual Value (AV) on your own, as there’s no guidance as to how “furnishings, furniture, and upkeep charges” are calculated.

Where can I check Annual Value (AV)?

You can check the AV of your property using IRAS digital service: View Property Dashboard.

If you need to check AV of any property that doesn’t belong to you, you can also use the service Check Annual Value of Property at a fee of $2.50 per search.

Median Annual Value (AV) for HDB and Private Property

The latest published median Annual Values for residential property in Singapore is for 2021.

Case study

Shelwyn owns a 1-bedroom apartment (1BR) at 5 Siglap Road with a size of 830sqft.

She rented out her property at a gross rent of $4,800/mo from 1 Jan 2023.

From our analysis, comparable properties within the development are fetching monthly rentals ranging from $4,300 to $5,250/mo.

After providing a reasonable allowance for furniture, furnishings and maintenance fees, we derived the AV of his property at $36,000 ($3,000/mo).

Note

Your gross rental amount may not necessarily be used in calculation
There is no fixed amount for “furniture, furnishing and maintenance fees”
For the most updated AV of your property, always use IRAS digital service: View Property Dashboard

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The post SGPD 60-Sec Read: How To Check Annual Value of Your Property first appeared on SGPD.

SGPD 60-Sec Read: How much downpayment do I need to purchase a new launch private condo?

Shelwyn @ SGPD — Fri, 25 Aug 2023 09:53:34 +0000

How much downpayment do I need to buy a new launch condo?

25%, assuming that this will be your one and only home loan, and that you can get a loan for 75% of your purchase price.

*Assuming condo purchase price is $1,000,000.

How much cash do I need for new launch condo?

There are 2 components that require cash:

Downpayment – 5% cash + 20% CPF OA allowed to be used
Stamp Duty (BSD + ABSD) – if you choose not to use CPF or don’t have enough CPF left

Assuming condo purchase price of $1,000,000, you will need at least $74,600 in cash on hand to cover both Downpayment and Stamp Duty. You are allowed to use your CPF OA to pay your stamp duty as well, if you still have any left after paying the 20% downpayment.

Note that, the more existing properties you have, the higher the ABSD you need to pay (up to 30% for Singapore Citizen).

Downpayment

BSD + ABSD (own 0 property before buying)

Assuming you own 0 property when buying this condo, Singapore Citizen only need to pay BSD and does not need to pay ABSD.

BSD + ABSD (own 1 property before buying)

Assuming you own 1 property when buying this condo, Singapore Citizen will need to pay 20% ABSD on top of BSD.

BSD + ABSD (own 2 or more properties before buying)

Assuming you own 2 or more properties when buying this condo, Singapore Citizen will need to pay 30% ABSD on top of BSD.

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SGPD 60-Sec Read: What is Progressive Payment Scheme for new launch condo or EC?

Shelwyn @ SGPD — Fri, 25 Aug 2023 08:30:40 +0000

What is Progressive Payment Scheme (PPS)?

For a new condo or EC that is still under construction at your point of purchase, your payment to the developer will be in phases called the Progressive Payment Scheme.

The Progressive Payment Scheme allows you to defer your home loan instalments as you will not servicing the full 75% of your loan amount immediately upon purchase.

Advantage of Progressive Payment Scheme (PPS)

The Progressive Payment Scheme allows you to defer your home loan instalments.

You will not be servicing the full 75% of your loan amount immediately upon purchase.

Instead, your repayments will be in phases, according to the milestone timeline that is adhered by developers.

If the developer is late or the milestones are not reached, the loan repayments don’t increase.

An example of Progressive Payment Scheme (PPS)

Below is an example of a PPS schedule.

Disclaimer

Every development has a different timeline and depending on which phase you bought the condo or EC, the above timeline serves only as a general guide.

This is also assuming you get the full 75% home loan.

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Step-by-Step Guide: What You Need To Do When Selling Your Property

Shelwyn @ SGPD — Fri, 25 Aug 2023 03:22:03 +0000

Selling a property can be an exciting yet complex process.

Whether you’re a first-time seller or have prior experience, taking the right initial steps can set the tone for a successful and smooth transaction.

In this article, I will guide you through the important steps to take when selling your property.

1. Assess Your Reasons for Selling

Before diving into the process, it’s crucial to determine why you’re selling.

Are you upgrading to a bigger house to accommodate a bigger family? Focus on Livability.

Are you downsizing in preparation for retirement? Focus on retirement goals.

Or are you looking for great investment opportunity? Focus on Investability.

Understanding your motivations can help shape your approach to the sale.

2. Research the Market

Conduct thorough research on the current real estate market in your area.

This includes understanding recent property sales, price trends, and demand for properties similar to yours.

This information will help you set a competitive asking price.

Set the Right Price

Pricing your property correctly is essential.

Consider getting a professional valuation to determine a reasonable and competitive asking price.

By understanding your situation, a professional agent can determine the urgency of sales and provide the necessary advice and strategies on how to fetch the best price possible.

3. Prepare Your Property

Your property’s appearance matters.

One of the biggest mistake is not presenting your property at its best. Customers are less willing to pay for a “dirty and old” looking house.

On the other hand, customers will often place a premium on houses that appear well-maintained, even though they might be doing a full renovation of their own. It’s all about the first impression.

Clean, declutter, and make necessary repairs or improvements to enhance its appeal.

First impressions count, so consider investing a small amount of money in staging to showcase your property’s potential to buyers.

4. Gather Documentation

Collect all relevant documents such as property deeds, property tax documents, survey documents, and any warranties related to appliances or repairs.

These documents will be required during the sale.

5. List Your Property

List your property on reputable online real estate platforms and work with your agent to market it effectively.

Ensure accurate and complete information in your listings.

6. Arrange Showings and Open Houses

Coordinate property showings and open houses to allow potential buyers to view your property.

Create a welcoming and well-maintained environment for visitors.

7. Respond and Accept Offer

Once you receive offers from potential buyers, carefully review and consider each offer.

Negotiations may follow, and it’s essential to respond promptly and professionally.

Once you’re satisfied with an offer, accept it.

8. Complete the Sales Contract

If you are self-representing, find a legal professional and work with them to draft and finalise the sales contract.

Ensure all terms, conditions, and obligations are clearly stated.

9. Close the Sale

As the closing date approaches, gather necessary paperwork, arrange for inspections, and address any contingencies outlined in the contract.

On the closing day, you’ll sign the necessary paperwork and ownership transfer procedures.

Congratulations, your property is officially sold!

Do You Need a Real Estate Agent?

Hiring a real estate agent to sell your property can offer several benefits, especially given the complexities of completing a property transaction.

Here are some areas that can be challenging to handle on your own:

Market Expertise in Pricing

Real estate agents have a deep understanding of the Singapore property market.

They can provide insights into current market trends, property values, and the competitive landscape.

This knowledge is invaluable when pricing your property competitively.

Marketing and Exposure

Real estate agents are skilled in marketing properties effectively.

They can create professional listings, use various marketing channels, and leverage online agent-only platforms (eg. Propertyguru) to showcase your property’s best features.

High-quality photos, detailed descriptions, and virtual tours are required to make your property stand out in online listings.

All these will lead to more inquiries and potential offers.

Network and Connections

Experienced agents have an extensive network of potential buyers, other real estate professionals, and industry contacts.

This network can help expose your property to a wider audience, increasing the chances of a quicker and more successful sale.

Time and Convenience

Selling a property involves numerous tasks, from coordinating viewings to handling paperwork.

With an agent, you can save time and effort as they take care of these details, allowing you to focus on other aspects of your life.

Legal and Documentation Expertise

Real estate transactions involve legal contracts and documentation.

Real estate agents are familiar with the legal requirements and paperwork involved in Singapore property transactions, reducing the risk of errors or oversights that can delay, or sometimes even resulting in a failed transaction.

Property Presentation and Staging

A good property agent can provide advice on how to prepare your property for viewings.

They know what potential buyers are looking for and can suggest staging techniques that enhance your property’s appeal.

Access to Data

Real estate agents have access to data and resources that may not be readily available to the general public.

This information can help you make more informed decisions about your sale.

Solving Unexpected Problems

If unexpected challenges arise during the selling process, such as issues with the property’s condition or negotiations, a real estate agent can provide guidance and solutions based on their experience.

Too often, when potential buyers learn that the seller is self-representing, they are likely to:

Make unreasonably low offers
Misrepresent their financial situation and intention
Make excessive demands and nitpicking
Back out last minute
Renegotiate agreements
Appear aggressive and confrontational

Conclusion

Selling a property involves a series of well-coordinated steps.

By starting with a clear plan and understanding each phase, you can navigate the selling process confidently and achieve your goals.

Did I miss anything?

If you have any other questions that I did not address

The post Step-by-Step Guide: What You Need To Do When Selling Your Property first appeared on SGPD.

[NEW LAUNCH] Orchard Sophia – from 1BR – from S$1,285,000

Shelwyn @ SGPD — Wed, 23 Aug 2023 14:35:20 +0000

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Orchard Sophia

128 Sophia Road Orchard / River Valley (D09)

5 mins (410 m) from NE6/NS24/CC1 Dhoby Ghaut MRT

from S$1,285,000

from 1 bed, 1 bath

463 sqft, S$ 2,775 psf

Shelwyn @ SGPD

Digging deep in the SG property market, investigating new launches, identifying the good, the bad and the ugly.

WhatsApp

Property details

Affordable One Bedrm in Prime Orchard Area, Minutes to Plaza Singapura

Key Features

5-min walk to Plaza Singapura
Freehold in Prime D9 District
Exclusive 78 units in tranquil surroundings
Minutes away from vibrant, bustling city

Convenient Connectivity

6-min walk to Dhoby Ghaut MRT
1 MRT stop to City Hall MRT
3-min drive to CBD

Nearby Schools

1-min walk to St. Margaret’s Pri Sch
Less than 1km to Anglo-Chinese School (Junior)
5-min walk to Nanyang Academy of Fine Arts
8-min walk to SMU

Accessible Shopping within 5 mins' drive

1-min walk to Wilkie Edge
5-min walk to Plaza Singapura, The Cathay, GR.ID
1 MRT stop to 313 Somerset
2 MRT stops to ION Orchard

Nature / Parks

3-min walk to Mt. Emily Park
3 MRT stops to Gardens By The bay
4 MRT stops to Singapore Botanic Garden

Facilities

Barbeque pits
Basement car park
Fitness corner
Lap pool
Pool deck
Recreation room
Swimming pool
24 hours security

Interested in viewing or any other listings?

Feel free to reach out to me for any property-related services

The post [NEW LAUNCH] Orchard Sophia – from 1BR – from S$1,285,000 first appeared on SGPD.

SGPD

Renting in SG: What is a Letter of Intent (LOI) and why do I need it?

Who issues the LOI?

What are the advantages of having an LOI?

Do tenants need to pay a deposit along with the LOI?

Did I miss anything?

SGPD 60-Sec Read: How to buy a resale HDB flat?

What is the first step if I am looking to buy a resale HDB flat?

So I have the HFE letter, what's next?

I would like to buy a resale flat that I like, what is next?

After exercising the OTP, how do I complete the purchase?

Did I miss anything?

SGPD 60-Sec Read: Do I need a property agent to rent a house as a tenant in Singapore?

I'm looking to rent a residential property, do I need an agent?

What do I need to know if I'm not hiring a property agent as a tenant?

What do I need to prepare if I'm not represented by an agent?

Did I miss anything?

CCR vs RCR vs OCR: Which Area has Best Price Growth Potential for Private Condos in Singapore?

TLDR

Core Central Region (CCR)

What districts are in the CCR?

Rest of Central Region (RCR)

What districts are in the RCR?

Outside Central Region (OCR)

What districts are in the OCR?

What is the price growth for a property in CCR, RCR or OCR?

CCR - Prestigious address but at a slower growth rate

RCR - Catching up to CCR with an accelerated growth rate

OCR - Up-and-coming with the strongest growth rate

Conclusion

Did I miss anything?

SGPD 60-Sec Read: Do I need to pay an agent fee for buying a new launch condo?

Do I need to pay agent fee for buying a new launch condo?

What if my agent asks for commission?

If I'm not paying my agent any fee, will they still help me?

Is it legal for my agent to offer me cashback?

Did I miss anything?

SGPD 60-Sec Read: How To Check Annual Value of Your Property

What is Annual Value (AV)?

Factors affecting Annual Value (AV)

How can I calculate Annual Value (AV)?

Where can I check Annual Value (AV)?

Median Annual Value (AV) for HDB and Private Property

Case study

Note

Did I miss anything?

SGPD 60-Sec Read: How much downpayment do I need to purchase a new launch private condo?

How much downpayment do I need to buy a new launch condo?

How much cash do I need for new launch condo?​

Downpayment

BSD + ABSD (own 0 property before buying)

BSD + ABSD (own 1 property before buying)

BSD + ABSD (own 2 or more properties before buying)

Did I miss anything?

SGPD 60-Sec Read: What is Progressive Payment Scheme for new launch condo or EC?

What is Progressive Payment Scheme (PPS)?​

Advantage of Progressive Payment Scheme (PPS)

An example of Progressive Payment Scheme (PPS)

Disclaimer

Did I miss anything?

Step-by-Step Guide: What You Need To Do When Selling Your Property

1. Assess Your Reasons for Selling

2. Research the Market

Set the Right Price

3. Prepare Your Property

4. Gather Documentation

5. List Your Property

6. Arrange Showings and Open Houses

7. Respond and Accept Offer

8. Complete the Sales Contract

9. Close the Sale

Do You Need a Real Estate Agent?

Market Expertise in Pricing

Marketing and Exposure

Network and Connections

Time and Convenience

Legal and Documentation Expertise

Property Presentation and Staging

Access to Data

Solving Unexpected Problems

How much cash do I need for new launch condo?

What is Progressive Payment Scheme (PPS)?

Key Features

Nearby Schools