get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Listings

Connect with sellers through our app

RESOURCES

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

Affordability Calculator

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Connect with buyers through our app

RESOURCES

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell my HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

HOME E-VALUATION

For tenants

Rent with an Agent

Dedicated experts at your service

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to selling condo/landed

For landlords

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

RESOURCES

How to Lease an HDB

A step-by-step guide to renting HDB

How to Lease a Private Property

A step-by-step guide to selling condo/landed

Do it yourself

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Proptech Agent Service from $2,888 + GST

Sell your HDB fast!
Share on facebook
Share on twitter
Share on email
Share on whatsapp

Guide to Sell HDB in 2021: 5 Things To Do Before Selling Your HDB Home

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

Homeowners, you may look back at buying your first home as a faint yet happy memory. Now you’re mulling over greener pastures as you browse through thousands of authentic property listings at Ohmyhome. It’s the circle of life – or to be more exact, the circle of home ownership. Indeed, selling your property in Singapore is a huge life decision, one that shouldn’t be made without knowing all the preparation involved. That being said, we’ve pieced together a rundown of what you’ll need to know before taking the plunge that is putting your home on the market.

1. Think of the motivation behind the sale

family-5-things-to-do-before-selling-your-home

This is when a moment of quiet introspection is necessary. Is it a change of location you crave, or a need for more space for your growing family? This is a good jumping off point because it influences your subsequent decision making on how you choose your next home, the timeframe of your transaction as well as the price range you’re comfortable with. Be sure to communicate this to your property agent once you’re sure why you want to sell your unit for them to fully align with your goals.

2. Find out your flat’s balance lease

HDB Map Services is an easy tool to find out your flat’s lease info. While this is not necessarily set in stone, the general rule of thumb is that the longer your balance lease, the higher the chances of pocketing a profit from selling your flat. This is because buyers are worried that they would have difficulty selling it off in the future. One of our experienced property agents advised that a unit must be in the first 5-10 years to have a fighting chance at making a profit. But before you start celebrating, he also cautioned that the majority of your profit may go into the purchase of your next home.

But hey, don’t be dismayed if you have a mature flat! All hope isn’t lost what with upcoming CPF rule changes set to take effect in May 2019. The announcement made by National Development Minister Lawrence Wong suggests that the change will safeguard home buyers into paying using their CPF funds instead of dipping into their retirement savings, even if the property lease is less than 30 years. There’s also HDB schemes like Selective En bloc Redevelopment Scheme (SERS) that helps out old flat owners with dwindling leases by inviting them to move to a brand new home with a 99-year lease along with a compensation package.

3. Start doing minor home repairs

decluttering-5-things-to-do-before-selling-your-home

A home that is not in the best condition may be a turn-off for buyers. Giving your walls a fresh coat of paint might just be the much-needed breath of fresh air that will attract more buyers. If you tend to hoard newspapers and keep them piled up at the corner, it’s time to drop them off at the nearest recycling facility as clutter can be an eyesore during a viewing. Keep things neat and tidy, particularly in rooms that get dirty fast such as the kitchen and toilet. Give them an hour or two of much-needed love and attention by wiping down surface areas, scrubbing the floors, swapping out the shower curtain if it’s getting moldy and keep dishes/bottles/other paraphernalia that’s not in its designated place neatly on a shelf or in a cabinet. A bit of elbow grease will go a long way in impressing buyers.

4. Understand how floor level can affect the flat’s price

It’s interesting how different a low-floor and high-floor flat can have in terms of price. In some cases, a high-floor 5-room flat can cost a whopping $75,000 more than its low-floor counterpart. Our professional salesperson agreed that this is normally the case, with high-flat homes attracting buyers with more wiggle room in their budget as compared to low-floor homes. However, there are tons of reasons why people would appreciate the beauty of low floor homes. Take our word for it.

5. DIY or Get a top-notch agent

With Ohmyhome’s comprehensive platform, you’ll have all the tools you need at your fingertips to sell your home yourself, with in-depth seller guides to keep you on the right track. Rather leave it to an agent? Engaging an agent to help you with your home selling takes a huge load off your shoulders as they handle everything from advertising your flat to buyers to the necessary paperwork for a successful resale transaction. If you’re overwhelmed by the dizzying number of options just from googling ‘real estate agents’ alone, don’t panic. Ohmyhome’s team of in-house, CEA licensed agents are happy to ease your home selling journey. What makes our agents so efficient? We have a dedicated team behind them that handle everything from customer service, operations to the tech team. This is why we sell homes 2X faster than the market average.

Lighten up, homeowners. It may seem like a lot in the beginning but home selling – and doing it right – is not rocket science. This article can start you off on the right track in making the necessary preparations for the exciting home selling journey ahead. Best of luck!

Want more help in your property transaction, home sellers? We’ve got just what you need. Engage our fixed-rate HDB Resale Agent Service that provides comprehensive, end-to-end services without the expensive 2% commission fee! Contact us at 68869009 to find out more from our friendly customer support team.

Sources: HDB, ChannelNewsAsia


Related posts:

Subscribe Now

Get a notification every time we upload a new blog post.

Proptech Agent Service from $2,888 + GST

Sell your HDB fast!

Featured Blogs

Your one-stop guide for must-know HDB tips

get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

Do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Properties

Download the app and speak directly to sellers

RESOURCES

Affordability Calculator

Calculate required tax for selling

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

bUY OVERSEAS

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Free Home E-Valuation

Know the value of your property in seconds!

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell an HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

get an agent

Rent with an Agent

Dedicated experts at your service

do it yourself

Browse Rental Listings

Download the app and connect with landlords

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to renting condo/landed

get an agent

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with tenants

RESOURCES

How to Lease my HDB

A step-by-step guide to renting out an HDB

How to Lease my Private Property

A step-by-step guide to renting out condo/landed

FEATURED ARTICLES

Condo Renting 101: Where to Look, Sizes and Cost

Looking for a condominium to rent ...

Ohmyhome Raises US$5M in Series A+ Funding

Ohmyhome, the leading Property 
One-Stop Shop Platform

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Social media

Other