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Anonymous
My parents still owes $150k for our 5-room hdb flat in bishan and they are both above 65yo (very little contribution to OA). They are thinking of downgrading. I do not know anything about selling or buying a flat, but I want to save the money of not hiring an agent (my parents have no savings at all atm). What should I do first? Buy then Sell or Sell then Buy. I cant seem to find any website to help new people like me to understand the property market more!
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Zongzong
19 Jul 2018
Retail Investor at A Few Months
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Tee-Ming Chew
19 Jul 2018
Co-founder at Seedly
I have researched on selling a HDB before and here are what I found:
Hope that helps!
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Given your situation, sell then buy seems to be a more viable option since Tee-Ming also mentioned that you still have six months before you need to move out. Selling your flat on your own would save you 10-20K worth of commission.
Most property websites require you to be a property agent to create an account, but you can list your flat for free on Carousell
Recently, our property team has put together a step-by-step guide on How to Sell Your HDB flat on Your Own, let me list down the steps below:
Full disclaimer: I work for Carousell
Unbiased review for Ohmyhome: a couple I know once tried their service, their 5-room flat is located in the east and they get an average of 1-2 house viewers a week but zero offers, stopped their service in one month.