The HDB resale completion appointment is the most anticipated day for any home buyer or seller because this concludes the resale transaction. For buyers like you, it is officially the start of making precious memories in your new home sweet home. But before the long-awaited resale completion appointment, there is an 8-week waiting period. Wonder what to do during those two months before the handover? We got you!
3 Must-do Checklist for Home Buyers Before Resale Completion Appointment
1. Inspect the Flat
Make sure that the flat is vacant and the physical condition is acceptable before you take possession of the resale flat.
You need to ensure that the sellers remove any unauthorised renovation works found in the resale flat before completion of the resale transaction.
As the buyer purchasing the flat on a caveat emptor basis, this means that it is your responsibility to check the condition of the resale flat and verify that all renovation works carried out by the sellers are authorised and comply with the requirements imposed by HDB or other competent authorities.
You will also be responsible for any irregularity, including any unauthorised renovation works carried out by the sellers in the resale flat, which may subsequently be discovered. You are advised to engage a Qualified Person (e.g. Building Surveyor), at your own expense, to help in the checking.
2. Secure a Copy of your Resale Completion Appointment Letter
HDB may grant approval for the resale application after:
- verifying the information provided by the sellers and you
- their endorsement of the required documents,
- the receipt of the necessary payments; and
- the performance of any other requirement by the seller and buyer as may be specified by HDB.
The approval letter of the resale transaction will be posted in the HDB Resale Portal, then you and the sellers will be notified via SMS/email. You need to secure this letter because it is required in your next task.
3. Buy Fire Insurance
If you are taking an HDB housing loan, it is mandatory to buy Fire Insurance from HDB’s appointed insurer, ETIQA (at HDB Hub, Atrium 1st Storey, Counter 1), with the Resale Completion Appointment letter. You can purchase the fire insurance online at ETIQA’s website or at HDB Hub, Atrium 1st Storey, Counter 1, with the Resale Completion Appointment letter on the day of the Completion Appointment.
You need to remember that you must produce a valid Certificate of Insurance during the Completion Appointment.
Having your dream home is definitely worth the wait! Make every waiting day count to ensure that your completion appointment will be perfect.
Unsure of how to get started on your home buying process? Download Ohmyhome app, tap ‘Journey’ and get a step by step guide in buying your property without an agent.
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Call 6886 9009 to learn more!
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