Buy/sell Hdb - Diy

[Misc100 2]

Buyers and sellers who are handling their own resale transaction without engaging the services of any housing agent can submit their resale application or valuation request through an online internet application system, e-Resale.

HDB also conducts a ½-day Public Seminar on resale procedures every month. You may register for the seminar at a fee of $25 per person. For more information on resale policies and procedures, you may also access the HDB InfoWEB, call HomeLink at 1800-8663060, the Sales/Resale Customer Service Line at 1800-8663066 during office hours or e-mail to HDBResales@hdb.gov.sg.

http://www.hdb.gov.sg/fi10/fi10004p.nsf/EC...DBEnq_Proc3.htm

[kellyla 1]

The link is broken. Just saw the other link at http://www.hdb.gov.sg/fi10/fi10322p.nsf/w/SellFlatDIYvsAgent?OpenDocument

DIY or Engaging Housing Agent

Buyers and sellers are free to decide if they want to conduct their resale transaction by themselves or by engaging housing agents. It is not a requirement by HDB that resale transactions must be facilitated by housing agents.

All resale flat sellers are required to go through the "Resale Checklist for Sellers" (for DIY Sellers) or "Resale Checklist for Housing Agents engaged by Sellers". After the Resale Checklist is completed, it must be deposited in HDB's Resale Checklist Repository by the next day.

If the sellers plan to buy another flat, they would also have to attach softcopies of the “Estimated Sale Proceeds Statement” for their current flat and “Financial Plan” for the next flat purchase together with the Resale Checklist.

More on Resale Checklistfor Sellers

Do-It-Yourself (DIY) Selling

If you intend to conduct your own resale transactions, you should equip yourself with the necessary information on HDB resale policies and procedures.

The Resale Checklist for Sellers highlights the key policies and procedures that sellers should take note of before committing to a resale transaction, i.e before granting the Option to Purchase.

In addition, you can also obtain information via the following avenues:

Resale Seminars (In English, Mandarin and Malay) Read through this service package

DIY Sellers (i.e. those who did not engage the services of housing agent) can submit their portion of the resale application or valuation request through e-Resale system. Read more on Submission of Resale Application or Submission of Valuation Request

Engaging a Housing Agent

The engagement of a housing agent is a private contractual agreement between you and the housing agent. HDB does not stipulate nor regulate the commission charged by housing agents. The commission rate may vary depending on the level of service and your needs as a consumer.

If you decide to engage the services of a housing agent, ensure that you confirm on the following matters:

Check whether the housing agent that you are engaging is registered with the Council for Estate Agencies (CEA). You can read more about housing agencies and agents from CEA website.Have you discussed and mutually agreed on the terms of service, commission payable, period of representation, exclusivity (if agreed upon) and any other terms such as payment of valuation, advertising etc?

Your housing agent is required to go through the Resale Checklist for Housing Agents engaged by Sellers with you.

Last Updated on 03 Jan 2011

Edited April 29, 2011 by kellyla