Selling A Property

<h3 class="padding-left" style="padding: 5px 0px 0px 30px; margin: 0px; font-size: 14px; color: rgb(61, 64, 66); border: 0px; font-family: Arial, Helvetica, sans-serif;"> <span style="color:#ff8c00;"><strong>OrangeTee Home Sellers Guide</strong></span></h3> <p> &nbsp;</p> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> <strong style="padding: 0px; margin: 0px;">Things That You Need to Know Before Putting Your Property for Sale</strong></p> <ol class="padding-list" style="padding-top: 5px; padding-right: 30px; padding-left: 42px; margin: 0px; font-style: italic; color: rgb(96, 96, 96); line-height: 20px; font-family: Arial, Helvetica, sans-serif; font-size: 13px;"> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Inspect your premises before putting it for sale</strong><br style="padding: 0px; margin: 0px;" /> Arrange with a contractor to repair the defects in your premises before conducting any show-arounds for buyers.&nbsp;</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Clean and tidy up your home</strong><br style="padding: 0px; margin: 0px;" /> Clean the windows, curtains, and lighting fixtures and clear away all unwanted or least-used items.</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Warranties and guarantees</strong><br style="padding: 0px; margin: 0px;" /> Get ready all warrantees and guarantees or even user manuals of your home appliances, and any other items that come with the property.</li> </ol> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> &nbsp;</p> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> <strong style="padding: 0px; margin: 0px;">Check The Average Valuation of your property and the Comparable Market Price within the Vicinity&nbsp;</strong></p> <ol class="padding-list" style="padding-top: 5px; padding-right: 30px; padding-left: 42px; margin: 0px; font-style: italic; color: rgb(96, 96, 96); line-height: 20px; font-family: Arial, Helvetica, sans-serif; font-size: 13px;"> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Bankers&nbsp;</strong><br style="padding: 0px; margin: 0px;" /> Talk to a few bankers and provide them with information on your property; each banker will provide you with an indicative range for your home.</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Request for an HDB valuation report</strong><br style="padding: 0px; margin: 0px;" /> You may either engage an OrangeTee&rsquo;s salesperson to assist you in submitting a request for a valuation report or you can submit your online request to&nbsp;<a href="http://www.hdb.gov.sg/fi10/fi10322p.nsf/w/SellFlatApplication?OpenDocument" style="padding: 0px; margin: 0px;" target="_blank">HDB</a>.</li> </ol> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> &nbsp;</p> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> <strong style="padding: 0px; margin: 0px;">Fulfil the Minimum Occupation Period Before you sell in the open market</strong></p> <ol class="padding-list" style="padding-top: 5px; padding-right: 30px; padding-left: 42px; margin: 0px; font-style: italic; color: rgb(96, 96, 96); line-height: 20px; font-family: Arial, Helvetica, sans-serif; font-size: 13px;"> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Minimum Occupation Period (MOP) for HDB Properties</strong><br style="padding: 0px; margin: 0px;" /> Before selling your flat, you must ensure that you have met the eligibility criteria to do so, i.e. to have met the Minimum Occupation Period (MOP).&nbsp;<a href="http://www.hdb.gov.sg/fi10/fi10322p.nsf/w/SellFlatMinimumOccupationPerid?OpenDocument" style="padding: 0px; margin: 0px;" target="_blank">Read more</a>&hellip;.</li> </ol> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> &nbsp;</p> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> <strong style="padding: 0px; margin: 0px;">Work Out the Financial and Moving Plan of Your Next Home</strong></p> <ol class="padding-list" style="padding-top: 5px; padding-right: 30px; padding-left: 42px; margin: 0px; font-style: italic; color: rgb(96, 96, 96); line-height: 20px; font-family: Arial, Helvetica, sans-serif; font-size: 13px;"> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Financial plan</strong><br style="padding: 0px; margin: 0px;" /> Find out what is the outstanding loan amount from your bank and the money with accrued interest returning to your CPF account.</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Seller&rsquo;s stamp duty</strong><br style="padding: 0px; margin: 0px;" /> Are you affected by the seller&rsquo;s stamp duty (SSD)? The Singapore Government imposed a seller&rsquo;s stamp duty on 20 February and 30 Aug 2010 for sellers who buy (or acquire) residential properties and sell (or dispose of) them within one year of acquisition.&nbsp;<a href="http://www.iras.gov.sg/irasHome/page04.aspx?id=10212" style="padding: 0px; margin: 0px;" target="_blank">Read more</a>&hellip;.</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Additional buyer&rsquo;s stamp duty</strong><br style="padding: 0px; margin: 0px;" /> Are you buying another property after selling one of your properties? Are you aware of the Additional Buyer&rsquo;s Stamp Duty (ABSD)? The Government has announced the implementation of additional buyer&rsquo;s stamp duty (ABSD) on 7 December 2011 to be paid by certain profiles of people who buy or acquire residential properties (including residential land).&nbsp;<a href="http://www.iras.gov.sg/irasHome/page_ektid12832.aspx" style="padding: 0px; margin: 0px;" target="_blank">Read more&hellip;.</a></li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Moving plan</strong><br style="padding: 0px; margin: 0px;" /> You have decided to move, and you need to start to get your move organised. Choose a neighbourhood, prepare your family, know the best time to move, budget, and set a timeline.</li> </ol> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> &nbsp;</p> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> <strong style="padding: 0px; margin: 0px;">Engage an Exclusive Agent to Market Your Property</strong></p> <ol class="padding-list" style="padding-top: 5px; padding-right: 30px; padding-left: 42px; margin: 0px; font-style: italic; color: rgb(96, 96, 96); line-height: 20px; font-family: Arial, Helvetica, sans-serif; font-size: 13px;"> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">The commitment from the exclusive salesperson</strong><br style="padding: 0px; margin: 0px;" /> They always have their client&rsquo;s best interest at heart and will prioritise their efforts in providing good service and a high standard of care to the seller.</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Better co-ordination and communication during marketing period from the exclusive salesperson</strong><br style="padding: 0px; margin: 0px;" /> They will assist the seller to communicate with different buyers and salespersons; attend to all inquiries of the property; providing the seller with a marketing strategy, and better co-ordinate viewing times. The exclusive salesperson will be in the position to collate buyers&rsquo; feedback for you.</li> </ol> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> &nbsp;</p> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> <strong style="padding: 0px; margin: 0px;">Choose an Agency with a Strong Brand and a Reputation for Consistent, High Standard of Service.</strong></p> <ol class="padding-list" style="padding-top: 5px; padding-right: 30px; padding-left: 42px; margin: 0px; font-style: italic; color: rgb(96, 96, 96); line-height: 20px; font-family: Arial, Helvetica, sans-serif; font-size: 13px;"> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Training and knowledge</strong><br style="padding: 0px; margin: 0px;" /> Our salespersons are professionally trained, equipped and guided to ensure a smooth process and experience for clients. When you appoint an OrangeTee as your exclusive agent, we are 100 per cent accountable to you.</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Our powerful negotiating skills</strong><br style="padding: 0px; margin: 0px;" /> We are committed to selling your home at the best possible price within the fastest time, taking into consideration the current market environment.</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> <strong style="padding: 0px; margin: 0px;">Research and Consultancy Department</strong><br style="padding: 0px; margin: 0px;" /> In our continuing effort to improve our services to our clients, our Research Team monitors property markets in Singapore and the region. The Team provides leading-edge research collateral that will enable our salespersons to offer the best real estate solutions to our clients, as well as assist our clients in making better informed decisions. In addition, the Team provides consultancy services to help clients maximise the value of their existing real estate and/or evaluate potential acquisitions.</li> </ol> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> &nbsp;</p> <p style="padding: 10px 40px 0px 30px; margin: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 13px; color: rgb(55, 55, 55); line-height: 20px;"> <strong style="padding: 0px; margin: 0px;">Be mentally and emotionally prepared for a transaction sell should you get a genuine offer</strong></p> <ol class="padding-list" style="padding-top: 5px; padding-right: 30px; padding-left: 42px; margin: 0px; font-style: italic; color: rgb(96, 96, 96); line-height: 20px; font-family: Arial, Helvetica, sans-serif; font-size: 13px;"> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> Know what course of action is needed to seal a deal</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> Fully commit when selling your home</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> Anticipate the possible offer</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> Be flexible in letting potential buyers view your home</li> <li style="padding: 0px; margin: 0px; list-style-type: decimal;"> Prepare to consider adjusting your asking price</li> </ol>


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