Advice Needed On Sale Of Condo Unit To My Partner

[Butoot 0]

Hi

I am currently the sole owner of a condo unit which is under mortgage. I had also taken an equity loan because of the increase in value of my house the last time I refinance it. I do not have any other property.

I am planning to sell the unit to my partner as she wants to take over the whole unit. How best can we do it quickly and smoothly? We intend it to be an actual sale, ie she will need to use her CPF and probably take up a loan to buy it from me. It will not be merely a transfer of ownership. She does not own any other property.

I would appreciate any kind advice here.

Thanks very much!

Edited February 13, 2015 by Butoot

[bepgof 20]

Redeem (refinance) yr home equity loan against other asset as collerateral first then ownership of home can be exchanged hand.

Pte home exchange hand procedure completion, earlier take 12weeks, non-liquid.