06/11/2021
Another successful completion for one of my seller selling a 5 room in Pasir Ris. There are 3 sellers actually but 2 of them is shy to be on camera.
Case study:-
Problem:
📌 Daughter wants to purchase a matrimonial home with husband but name is stuck in the parents flat
📌 House still have lots of outstanding loan left which place the sustainability of them retaining and financing the flat in question as parents is reaching retirement age soon
📌 CPF valuation limit reached next year. They will not be able to finance the house using CPF anymore even if they can afford to
📌 If they proceed to sell the house, will be a clear cut negative sales case
Solution:
📌 Proceed to sell the house with negative sales
📌 Daughter proceed to purchase a resale with husband
📌 Parents purchased a fully paid 2 room flexi. They are able to afford it though its a negative sales case. In addition, the father managed to get some cash refund from CPF board as his CPF refund from the sales has exceeded his full retirement sum.
For any property enquiries, do agent AY Home at +65 8922 6613, I will try my best to assist in whatever situation you may be in.😀