How HDB resale DIY buy sell property myself pros and cons?

DIY HDB Resale Transactions:

• Cost Savings: You can save on agent fees, which can be substantial1.
• Full Control: You have complete control over the sale or purchase process, from setting the price to scheduling viewings1.
• Direct Negotiations: You can directly negotiate with the buyer or seller, which might lead to better terms1.

Cons of DIY HDB Resale Transactions:

• Time-Consuming: Handling all aspects of the transaction can be very time-consuming, especially if you’re unfamiliar with the process1.
• Complex Process: The process involves legal paperwork, financial calculations, and understanding market trends, which can be complex2.
• Limited Market Exposure: Without access to certain platforms that agents use, you might not reach as wide an audience2.

For buyers, additional points to consider include:

• Eligibility Checks: You need to understand the eligibility criteria for purchasing a resale HDB flat2.
• Financial Planning: You must be aware of the financial commitments, including the various types of payments required2.
• Grants and Loans: You should research available grants and loans, as they can significantly affect affordability2.

For sellers, it’s crucial to:

• Price Competitively: Set a competitive price to attract buyers1.
• Market Effectively: Use various channels to market your property effectively1.
• Legal Obligations: Be aware of your legal obligations, such as the requirement to dispose of other owned properties within six months of the transaction2.