HDB is the Housing and Development Board in Singapore. The duty of HDB is to offer the housing needs for the general public in Singapore. Seller financing is willingness of the house owner to offer private financing for everything or part of loan amount. There are many benefits for offering seller financing. It assists homebuyers for purchasing the flat. It avails a monthly income for the home seller. It allows the home seller to increase or hold the sales price of the property. It allows the home seller for selling the property faster. It attracts more interest for the sale of property. It allows additional tax benefits for home seller.
Offering seller financing is risky. Even though the loan is secured home sellers in 2nd lien position have risk than 1st lien position. If the homebuyer makes timely payments there is no risk. Seller financing should have agreement. Find out if mortgage is assumable.
With UOB HDB home loan you can get convenience, flexibility, maximum interest savings and many other benefits. You are eligible for applying UOB HDB home loan when you are a Singapore citizen. You should be aged between 21 – 50 years. You should be a HDB flat owner. It does not matter when you own private property, when your monthly income is more than $8000, when you are not upgrading to bigger flat, when you have previous HDB Concessionary loan rates. You can even apply for UOB HDB home loan if you are qualified for HDB’s Concessionary loan.
Before purchasing a HDB flat, you do proper calculations. For purchasing a HDB flat in Singapore you should meet the income ceiling which is stipulated by HDB. You can understand more about income ceiling by going through the website of HDB. If you wish to buy a HDB property then you should get in contact with HDB. There are several ways to get in contact with HDB. The best way is check the website for HDB. Sellers main aim is selling their property. The first step for selling the property is consider the target market. The person who gives the highest price is not the best choice. Ask you agent’s advice on buyers and make your agent to find more about the buyer. Cash buyers are the best however if they raise a mortgage ask to view the mortgage.
Find out if there are any forward chains that would complicate the agreeing completion dates. Additional buyers and purchasers who return to the market are good news till their finances are in place then there will be less potential hurdles. For finding the correct value of the property you find a good professional and impartial evaluator. An evaluator will have the experience and knowledge to find the latest value of the property. He also will have knowledge of how many properties are sold. Knowing about the prices of the properties in the particular locality you can find the approximate cost of your property. The agent should know the costs of properties like your property in the market.
Buy Sell Rent Invest Singapore Property
Billy Chen 曾庆义
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com ( email me )
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