Top 6 HDB Home Selling Tips to Navigate Today’s Resale Market According to Ohmyhome Co-founders

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

We understand how the real estate market can seem intimidating. Whether you’re buying or selling, homeowners are constantly plagued by a never-ending stream of property jitters that just won’t cease. And it’s no wonder why. With that many zeroes on the line, and without the proper guidance, we would be constantly second-guessing ourselves on whether we’re making the right moves too.

Well, fret not!

Ohmyhome’s own CEO Rhonda Wong and COO Race Wong appeared on ST’s Money Hacks Podcast to share their sage home selling advice to navigate today’s HDB resale market and explain how proptech services like Ohmyhome can simplify the home buying and selling process.

money-hacks-podcast-top-home-selling-tips-to-navigate-todays-resale-market

Here are the top 6 tips for today’s HDB home sellers:

1. Pricing your unit correctly

Striking the right balance is key. Set the price too high and it’ll drive home buyers away. Set it too low and you might face a deficit in your profits. Their advice? Benchmark the price of your property against the other units in your area. If you’re not sure how, one handy tool you can use is Ohmyhome’s in-app valuation calculator that gives you an instant estimation of how much your unit is valued today. Download Ohmyhome app.

2. Remember to register an Intent to Sell

It is of the utmost importance that home sellers remember to register an Intent to Sell in the HDB Resale Portal. This Intent to Sell has a validity that lasts only 12 months, which means you’ll need to re-apply the Intent to Sell if you have yet to submit your resale application within that 12-month period. Mark your calendar!

3. Meet your Minimum Occupation Period (MOP) before selling

This varies as the MOP can be shorter or longer depending on your flat type. However, in most cases, the MOP requires you to physically occupy your flat for 5 years before you can put it on the market. To be on the safe side, you can check your flat’s MOP on the HDB website.

4. Be mindful of the Ethnic Quota

Home sellers should be mindful of the Ethnic Quota that’s imposed on the blocks in your neighbourhood. For integrated Eligibility Checks, sellers can access the HDB resale portal which includes the available quota in the block/neighbourhood for the different ethnic groups and citizenships under the Ethnic Integration Policy (EIP) and Singapore Permanent Residents (SPR) quota.

5. Declutter your unit before a viewing

Home sellers, don’t let this tip fly under your radar. Keeping your flat spick and span before a viewing will not only make your home look more appealing, but it will also make it a lot more welcoming for buyers when they view your home. Be sure to concentrate on busy areas of the home like the kitchen, kid’s room, bathroom and living room.

6. Engage Ohmyhome agents

Not to toot our own horn but Ohmyhome’s team of in-house, CEA-licensed agents should be your go-to when choosing a representative for your housing transactions. Home sellers can rest easy knowing their property journeys are taken care as our HDB Resale Agent Services cover everything from advertising to completion at a worry-free fixed rate.

Putting your home on the market is no arduous task with the right tools to help you with a seamless transaction. Apply these tips to get started with your home selling journey in a simpler, fuss-free way. All the best!

Sources: HDB, Straits Times


Related posts:

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

or

Contact us your way

Talk to us today. Available daily 9 AM to 9 PM (GMT +8)

Subscribe Now

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

Proptech Agent Service from $2,888 + GST

Sell your HDB fast!

Proptech Agent Service from $2,888 + GST

Sell your HDB fast!

SHARE WITH YOUR FRIENDS!

Share on facebook
Share on twitter
Share on whatsapp
Share on email

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

or

Featured Blogs

Highlighting unique property views for every Singaporean

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Prefer to do-it-yourself?

Check out how our platform can help

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Ohmyhome 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

OHMYHOME E-VALUATION