HappyHouse88

heard from agent, can purchase from some companies that hold on to floorplan of older development. could anyone advise where?

thanks for all your advises. decided to ask the seller to go. We wanted this to a bargaining chip to lower the price. but since buyer dun intend to lower, we will just ask them to go.

ANZ, min income for one of the borrower is 60k/pa. 0.75% + combo , throughout the tenure. if have 150k deposit with them, then 0.7% + combo , throughout tenure. * combo is (sor+ sibor)/ 2 , over the last 10 yrs. highest is 3.663% in july'06 , lowest is 0.19% in Sept 2011. Why good ? - no lock-in - 0.7 throughout tenure.. no need to switch ard and switching cost $$. - sor+sibor, stable and lower than sibor or sor alone. - cheaper than fixed... and fixed is not long term. - no need to get costly mortgage insurance from bank and the insurance pays the bank first.

hmm.. if i buy a property and agreed that the seller could stay for another 6 mths after completion. How shld i word the agreement ? Shld i "rent" back the house to the seller for say $100 per mth for the next 6 mths . So that I can get the rental agreement stamped, just in case, seller "dont want to go?"

Poor thing.. hopefully your neighbour quickly clear the mess he created. BTW, NEA can fine him right?

Hi your calculation although look right.. but does not seem to be a real-life scenerio.. You are assumming the sale proceed is the the same as the cost of your new flat. And that 230k are in cash. No mention of stamp duty also. Let re-calculate again. Transaction 1 : selling of existing house Estimate sale price : 380k Sale proceed : 230k (380 -150) Cash in hand : 140k (230 -90 ) assuming 90k of your proceed goes back to CPF. If you didnt use CPF for your existing house. Yes.. then you get $230k in cash. Transactions 2 : buy new house. Estimate buy price of the new house : 230k CPF to be used for the new house: 90k Stamp duty of the new flat (assume used cpf) : 1.5k shortfall for the new flat : 230-90-1.5k = 138.5k If you not taking any mortagage for the new flat, you then have to topup 141.5k in cash. If you taking hdb loan, then 1)if you get 230k cash from selling your house, you need to put back 115k cash back, you only have 115k cash at hand. 2) if you get only 140k cash from selling your house, you then need to give back 70k to hdb, you only have 70k cash at hand. However, 115k/70k, you still need to deduct sale levy.

Actually, need to do a fs audit lor normally dark house is more likly to be haunted. Yin qi high and yang qi low meh...

Landed is not advisable to deal directly as there are legal issues involved. Including ownership , government notices on the land involved. I guess if you chose to only work with direct buyers.. you also get a smaller pool of buyers who are not confortable buying direct since they dun need to pay commission in the first place. And esp its a complicated transaction

hmmm just asking for advise.. looking at buying a condo at the moment.. saw 1 unit at 1.5mil last wk.. like very much.. If i am going to offer now, shld i offer 30% lower? Prices is expected to drop ard there... right ? I mean.. now i have cash... can always look for another house.. unlike seller .. may not have so many buyer liao.. esp at 1.5mil.

You are so naive... during the period btw 1999-2004, new hdb at sk and punggol has no buyer.. and owners are forced to sell below their buying price.

It will dip after Q1...and may take a long long time to recover... as the demand dwindle 1) alot of mass mkt condo is going to top in mid 2012. So hdb upgrader will be selling their current flat, if not rent out their flats. As the rental become more competitive, more will be compel to sell, rather to rent out. 2) 1-time house owner will be turning to bto or balance flat. Noting that there is still quite a number of leftover from prev bto. 3) Mass mkt condo dips. As it is there parc vera (hougang) is selling cheaper than boathouse and palette (pasir ris) is selling cheaper than nv residence. Prices for mass mkt condo is moving downwards. It will make less sense to buy a hdb that is price of a condo. 4) upgrades, or 2nd timer will be waiting for KBH to "tweet" the 2nd timer chance that he mentioned this wk. There will be a huge dip just like 1999. As upgraders tries to cash out asap because they already put in downpayment for their condo and was expecting $x of precede from selling their current flat. I wont be surprise if ppl is start to default on their EC/DBSS.

The reason for all these complicated procedures is that HDB is a closed mortgage. That's we are not allowed to re-mortgage the house like pte property. You need to go through the entire "buy and sell" process to "update the mortage" information. So you are subjected to stamp fee and everything else that come with buy a flat from the mkt. This is to discourage ppl from loaning against the house or use hdb as a collateral. Make sense, since hdb is a public housing. That's why businessman usually own pte and not hdb.

Although it seem unfair that you dont get anything even when you have contribute some to the flat. But are you the one who is trying to walk out of the commitment ? if you are the one that tries to walk of the union and no fault of your hubby. Then I think he shld be fully compensated for the emotion investment that he has put in. In any case, I am not the judge. If both parties mutually decides to call it quit, i guess he will probably pay you your fair share.

Aiyo.. can resolve peacefully, resolve peacefully lor.. why like that.. Remember he still staying in the house.. if he get fedup, put curse on the house .. then how ? aniway... you promised 2 mths , now you want to throw him out immediate. If i am the owner i will be mad too..

Tell the seller.. please rectify the problem before 2nd appointment. If he refuse, then you send lawyer letter to tell him that he is liable for all damaged incurred due to the delay and legal cost. Deal with him legally from now on,insist that he moved out before 2nd appointment. Dont agree on anything under-table, including any extension. If you think it too much of a hassle of hiring a lawyer, then pay for the rectification. May workout to be cheaper and less worries. You do not need to think abt temp accommodation as well as all the "shift" here and shift there. At this point, even though you are legally protected, but because you are doing contra. You may lost more if you "fight" the seller.

In the first place , extension is illegal. As you have already did your first appointment, the deal is sealed. Actually, you have every right to insist that seller completes on the scheduled completion and do the necessary modifications. If i were you, i will talk to the buyer nicely that they have to move out by 31 Nov or 2nd appointment whichever is later. If seller refused, then you let him know that you have every legal right not to grant any extension. And I will chose to stay out of the illegal rectification issues with tc or hdb. Who knows, maybe the buyer is pulling a fast one on you cos' he does not want to move out yet.

Yes and.. no.. Now the market just need retrenchment announcements and ppl start to default their loan.. then everything will be "corrected"

aiya.. they just dun want the deal to go thru.. that's why make things difficult for you. Aniway.. better than 1 i heard.. The seller went to borrow ah long to "compensate" their low selling price. The buyer having ah long visits regularly for almost 1 yr before it ends.

Seller normally will take opinion from 1) Agent 2) Refers to other units ard the same area. 3) Friends and colleagues advise 3) Demand for the unit. Before they start to market they normally will take advise from 1,2,3 , take the highest and markup 10-30k, hoping they get lucky. If they managed to get their asking on the first few viewing. They may sell it immediately. However, if the offer come too quickly, sellers may revise their asking as they see demands. If the demand is low, a few mths also no offer.. then they will lower their expectation lor. Generally, those eager to sell anyway btw 30-50k.. they will let go. Those who are not eager to sell >50k. And please dun be mistaken that cov is the only portion that seller get in cash. Anything that is paid in excess of seller buying price + cpf incurred interest are give back to seller as cash. So to seller.. it's the selling price they are more concern.

hi maybe i shld have elaborate on why i think it's better to stay in fd. Actually i made quite a decent return since i placed the gold.. and actually i am currently still holding on to the 220g which rosed to 65.24 today. So total is 220 x $5 = $1100 profit! minus ~ $100 admin fee.. It's a huge return for mere 13k. However, during the crash of the dj, gold actually went down. And that's "scary". i remember reading somewhere that when the mkt crash like in 2008. Gold wont be spared too. It may just go down together with stock..And also to note that gold is priced in USD. If USD goes down, the increase in gold price may not give you a positive up on gold investment made in SGD. And if you observed the chart actually gold lower in june that in jan this year, in terms of SGD because QE1/QE2 which depreciate the USD. In turbulence time like now, it better just keep cash and wait for the mkt to calm down. Any investment you do now, is speculation/gamble in a sense. So invest if you have a strong heart.. In any case, most of the article written is on gold going beyond USD1800 per oz. But it does not include what is the exchange rate btw usd:sgd. So suppose usd/sgd drop below 1:1 , then really USD1800 may not make any great investment.. Currently at sgd2040 per oz ( 1: 1.22 usd), it's actually quite high to buy in.

duplicate... So invest if you have a strong heart..

After yesterday... i think 100k in the bank as FD is the best.. Yesterday gold drop along with dow jo, signalling a unexpected freefall..All asian currency drop against the dollar. all this pointing to fact that foreign investor are pulling out their funds from safe heaven and asia to "help" dow jo.. Good luck on the ride!

Err.. true , it kind of deplete over time if you dun do anything abt it. Probably will only hold for 1-2 yrs, and not for 182yrs, once the crisis is over.. believe gold will fall also. But for trading purpose to fight inflation, its good enuff for me. Of course, if you wish to hold on the gold for longer than 1-2 yrs, maybe buying physical gold bar will probably work out better. So far made $4.50 per gram i.e (4x220) $990 if i cash out. Admin charge the mth of jul and aug is 0.12gx2 = 0.12x2 x 64 = $15.40 Nett profit if i sell now is ard $974.60..for a initial $13k investment over 2 mths is good return

hope you went down to open an account yesterday.. The price just jumped $2 overnight with lower SGD/USD and also higher gold price. In any case, do note that gold, is traded in USD, so sometimes even if gold price rise in USD, there is little change GOLD/SGD.

I bought from UOB, open an gold account. Bought 220gm@60.22 per gm in Jun.. now 62.74. Return not high.. but better the fd, and at least safe in trouble times. The price is updated now and then according to the mkt changes. The troublesome part is that you need to go to the bank to "buy/sell".. Cannot go thru RM. Information here... http://www.uob.com.sg/personal/investments/treasury/precious_metals.html?s_pid=pb2003 If you buy coins/bars , real gold, normally consist of a huge "lose" upfront.. as you can see from the rate chart. If you buy from gold shop.. even worse, pay gst and dun know where to sell later.