For most owners, when they first buy their first property, the thought of selling their home have never crossed their mind. When you start staying in your new home, you fell in love with it.
Until the Minimum Occupation Period (MOP) of 5 years for your building have been met, and you see your neighbours starting to sell their units, or some relatives or friends who have since sold their place as well, you may start to consider selling as well. Ever been in such situation?
But before you start selling, please do your due diligence first. Check if you will be selling at a loss (negative sale), break even, or, at a profit (positive sale).
How to find out if its negative sale, breakeven or positive sale? Click here to find out more.
Follow the steps, enter your financial details, your CPF plus accrued, Outstanding loans, deposit, resale levy if any, upgrading cost if any etc.
I hope I've been helpful with this topic on Sales Proceeds.
Still not sure how to calculate your Sales proceeds? Contact us at +65(9062-2444)
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