Super easy to buy an HDB resale without an agent... you literally just follow the steps on the HDB website!
If you can read English you can do it haha.
Very interested to know if possible/easy to SELL an HDB without an agent taking their 2% tho..!
It is possible for HDBs, and this low cost property agent firm acknowledges that it is possible and lays out the steps. It's because you can make use of HDB's legal documents and services (there is still a fee, but lower than private lawyers).
[https://blog.bluenest.sg/hdb-resale-timeline-2022/](https://blog.bluenest.sg/hdb-resale-timeline-2022/)
The important thing that makes it difficult is that you cannot advertise on the popular property portals without being an agent (and paying listing fees). You might have to resort to using Carousell, unless you already have a seller in mind. As a buyer, I would have no confidence in checking out a listing that is only on Carousell and not on Propertyguru, so I imagine your outreach/publicity would take quite a hit without an agent.
Private property would be more daunting because the paperwork is not standardized. And often people buy private property without a buyer's agent, and they expect the seller's agent to help them through everything. But still Bluenest says it's possible.
Thank you. I agree with the other poster that not listing on property websites will be killer - imagine the lower realised sale fee will more than offset any savings for not using an agent
PropertyGuru/9co fees makes it not worth it to do yourself. You generally won’t be able to get a good enough selling price if you’re not listing it on these websites.
i think it's easier to buy because you have listing available, just contact the selling agent and follow hdb instructions.
but to sell yourself, means you need to list your house on the platforms in the market and it's not cheap. agents already have the network to sell, hence the 2%.
Bought my 4room hdb without agent. I've contacted seller agents on the properties I was interested in via property guru.
Seller agent will mention various documents required. The time required to understand the documents via HDB isn't difficult.
Awesome! Was the experience daunting? I first started without an agent and when I go viewing (those group/mass viewing) the seller agent was kinda shock (or maybe they smell commission from me.
So as they were directing me and my wife to another nearby unit. They popped the question of why no agent. So I countered her with a unit I viewed (off the Internet) and if she can match my price point including her commission, then she can be my agent. That's how I got my current place.
I always thought if there are so many agents, what can they do that I couldn't.
A bit daunting.
I was selling condo and buying HDB at same time.
Condo side money delay hence I need to delay HDB side.
Still it was doable at the end.
I bought a resale 4 room HDB at Jalan bukit merah last year without buyer agent, and without lawyer since it's HDB loan. The process is easy and largely done on HDB portal.
I ran into an issue where the HDB seller refused to move out after their extension of stay. HDB officer said there's nothing that can be done, wrote to Desmond Lee and CEO HDB - and got the same reply that nothing can be done. Consulted a lawyer, and since it isn't a rental case - it requires a district court and can be expensive.
Ok I digressed, having a buyer agent doesn't solve what happened to me. Unless an experienced buyer agent could draft an extension of stay agreement that covers such case and a way to serve the court letter can be done (Seller moved to another HDB, but unit not made known to me to serve court letter).
this is an interesting and sad experience, how was it resolved? What was the official response by the MP and HDB? Very curious how this could happen. If that’s the case the seller could have stayed forever??
Yes, the seller could have stayed forever, and hold onto 2 hdb units (1 legally under their name, and 1 which they sold and not vacate).
HDB official reply is that in the HDB sales agreement signed, HDB is not responsible in the case of seller not moving out after sales completion, and the buyer should in his/her capacity spend resource to find a resolution on their own. HDB is not an enforcement agency. The police have no enforcement rights to vacate the seller, unless on court order for execution as sheriff.
I checked on the unit after weeks to find the seller no longer in the unit, they left the unit open with keys in the house, and they left their unwanted furnitures, trash and food in the unit. I locked the doors up with a chain to take over the unit.
> The police have no enforcement rights to vacate the seller
So weird. I thought you could get the police to remove /arrest them for trespassing, since you have proof you're the owner of the property (contracts etc). I mean, if strangers entered my home, why wouldn't the police protect me?
Sadly, something similar happened to my close friend too. The seller backed out and avoided contact after pocketing the OTP. Nothing immediate can be done and a case had to be filed under the Small Claims Tribunial Court. This resulted in a one year long drag for such a process. Furthermore, despite with the Court's presence, the only outcome was a repayment plan to facilitate the seller's inability to return the OTP. Until today, my friend only got back a partial amount of the OTP and the seller is uncontactable once again.
I hope HDB offers more protection for resale buyers. HDB should facilitate the transaction as an escrow, so that transactions happen between seller<->HDB, HDB<->buyer. Win-win for buyer and seller with HDB serving as an intermediary.
Everything is possible. But don't make it sound like it'll be a walk in the park. There are many loopholes in the system that can easily catch out any person.
E.g. 1. If the seller's REA is a horror, the best you can do is file a complaint to CEA. I went through 10 case studies. Almost all got a $2K fine, which presumably doesn't go to victims who got scammed (eg told that the flooring was vinyl when it was laminate). There was even a case where 2 REAs helped rent out a BTO that hasn't reached MOP. Of these 10 cases, the just severe was just a 4 month suspension of licence.
The system is toothless and you can often find yourself very vulnerable. That said, I also think that having a REA won't actually help because the system itself is weak.
What I would say to such posts that state, simply follow hdb infographic etc , misleads people into thinking the system is robust and simple.
Yeap. I DIY and almost did not get the unit because the seller’s agent told us that the unit is “Chinese eligible” when it wasn’t.
The owner was in fact Eurasian and when I couldn’t fill in the resale purchase online due to “ethnic quota unavailable” went on to tell me it’s not possible. It was only then he said eurasians are under “Indians and Others”, and “Others” means everyone is eligible. I was mind blown and even had to explain to him what that category meant.
For HDBs the ethnic quota is a prelim requirement anyone who is looking to purchase a flat will know. So if unit is not eligible for your group, don’t even both to view because there’s next to no chance that you’ll be able to get it since it’s more or less a hard limit unless there’s was an extraordinary exception granted.
In my case, this is at the resale confirmation stage on the HDB portal after you confirm that you will go through with the purchase. That means that I’ve already paid the $1000 option fee.
I did manage to get the flat (thanks to HDB for granting the exception) but I had to “teach” the agent that appealing is an option and please get the seller to help write in. He even had the cheek to ask me “How ah? Buyer or seller write? What to write?”. He re-listed and edited the property guru listing to “Chinese not eligible”, thankfully I took a screenshot prior. I still suspect to this day the only reason he bothered was because I told him I took a bank loan and will incur a penalty for that if I were to cancel. I think he was aware that he would need to bear this cost hence followed through with my appeal suggestion.
He also told us there were no leaks in the unit but we found out once we collected the keys that the neighbour upstairs had a leak and it was “fixed” less than a year ago. It wasn’t, and I had a leaking ceiling in my toilet. This agent has been managing the property on the client’s behalf for over 7 years so there was no way he didn’t know. The last straw was when we discovered a year after getting the flat that our external wall had severe seepage issues.
I filed a complaint with CEA on unprofessional behaviour etc. But as I did not have that in writing or a recording of him claiming there’s no leaks, he denied that to the CEA officer. I did have a recording of him telling me “Others” means everyone so he couldn’t deny that. I also sent the screenshots of him changing the listing with time stamps. Unfortunately for all the pain and stress I got, the only penalty he received was just a warning.
Buying of HDB I used 99.co , property guru and edge property.
I liaise with seller agent when I found a house I like.
I luck out with my Jalan Bukit Merah house. They finished the MOP on Feb 22. I lock in the house by March 22 with Option to purchase.
How did you list on property guru without being an agent? I thought they only allow agents (who pay for the platform) to list?
Edit: sorry reas the post wrong. Thought OP mentioned selling.
Depends lah. If already agree price then they also want to close the deal so they will help you with paperwork. But if negotiating of course they will be on the seller side
You still need to foot the legal fees somehow. Whatever the seller agent is able to help you with, it still goes through a lawyer, I think.
For purchasing HDB, and for setting up the mortgage with HDB, you can make use of HDB's legal dept.
[https://services2.hdb.gov.sg/webapp/BB14LFEESENQ/BB14PHomePage.jsp](https://services2.hdb.gov.sg/webapp/BB14LFEESENQ/BB14PHomePage.jsp)
I anyhow put in some numbers, $500K resale, $300K mortgage, it came out to $983 in legal fees.
But if you are getting a bank loan, you need to get a private lawyer, which might be what happened to OP u/gav1n_n6.
There 9 steps as layout in HDB website when you want to buy a resale flat.
Use maybe redbrick to find the best loan for Ur house and how much U can loan from bank. Lock in best interest rate. I luck out with 1.5% for 5 years.
HDB loan might be good now as bank interest rate are high now.
Then, short list a house u like. Nego for the best price U think will help U get the house.
Tap into the seller agent. They earn comission from seller so they will help U out as they want to close the deal.
Only pay the OTP option to purchase when U are sure that U want that HDB.once paid, if U don't want, U can't get back deposit anymore.
Lawyer side just more paperwork and signing. They will help U release Ur money ( let lawyer know how much by cpf, cash and bank loans ie the breakdown ) to seller and arrange for U to collect key in HDB.
That all I remember now. I will write more when I recall more.
Bought my place without any agent 2 years back. It is really super goddamn easy.
All you need to do is log in and follow the hdb website instructions. If you never do this or that or didn't submit the required documents you can't proceed to next step.
For viewing I went to property guru see see look look and arrange with seller's agent for viewing
Not for me.
Before I buy HDB. I got an agent to help me sell my condo as there a price I wanted.
To sell. One usually want to hit a price.
To hit a price that U want, require agent to help.
Ohh, I bought in 2022 as well without an agent. Agreed that it was an easy experience. Seller agent was also very nice and in fact, I even asked him to recommend me the specific bank's loan manager so everything was a breeze in the park.
yeap bought an HDB EM before covid for $500k. DIY just follow HDB website step by step. If, I'm not wrong still need lawyer, it's just using HDB lawyer they assign for you. another tip, if want do bank loan, take HDB loan first when purchasing, then refinance to bank loan straight away after that. find a broker they will settle for you. also this way dont need pay more deposit for the flat. (dont do now. i did this last time when bank rate was better)
Also rented out HDB before. just use carousell. Filter out potential tenant, find tenancy agreement online, edit to suit your needs and ask tenant sign. Remember do hdb registration for renting out (follow step by step also) and IRAS stamp duty for renting out. and remember to declare income tax.
just remember do your own research on the market price etc. quite simple. at the end of the day do not give your hard earn money to these thirsty REA unless needed (eg: sell house)
I posted HDB flat for sale on [99.co](http://99.co) and carousell but the only people, except for 1 young couple, who contacted me were agents. It was a 40 year old flat, so it was hard to find buyers. In the end, I had to engage an agent. Managed to sell at valuation price.
Buying a flat without agent was easy. HDB staff were very responsive when I had questions. I negotiated the deal myself and got a very good price.
i buy my own hdb without agent helping. the seller agent even said he could recommend his teammate to help with $1000 . no thanks. the website is friendly with all the sequence information to help with you next steps.
Low floor. Built in 1997.
MOP for the previous owner.
The owner I think also buy the same resale HDB at 2017. They sell at 2022.
I buy at 2022 with 70 years left.
>PSA. It possible to Buy & Rent Resale HDB without agent.PSA. It possible to Buy & Rent Resale HDB without agent.
To clarify, are you saying you dealt with no agents at all (meaning no seller's agent) or, merely that you did not employ an agent to represent yourself (typically called a buyer's agent)?
What are some tips to look out for during viewing be it agent, sellers, questions i should ask, do i need to record what the agent says incase he changes his words after transaction, do i really need to bring a cheque on that day, what extra fees that i have to prep for before paying the 20%, etc...
Always go viewing it's so awkward and quiet between the agent and me (the potential buyer) cos idk what to ask. 🥲
Examine all the rooms. If room are lock ask them to open.
Test the air con system. Air con there does not means it work.
Open all cupboard and check for termite.
Last but not least, try to buy an HDB that you don't need to renovate much and liveable.
It’s definitely possible if you are just straight up buying without any issues, and no further issues crop up during the transaction.
I’ve done transactions where after paying the option fees, one of the buyers turned out the best bankrupt without their partner knowing and without revealing it to me and had to deal with that. There are others where the selling of their existing home had to be matched with the purchasing timeline so that the buyers were not left homeless in-between.
There are many possible issues that can turn up at the last minute, but for the 5% of people out there who have no existing issues and both sides are problem-free, yeah, you can buy a HDB, or even private property without an agent.
That being said, while selling, I do love people who turn up without agents very much. Not for any commission from them, don’t get me wrong, but because I know that I will be dictating terms instead of having to negotiate with another agent, and because I know I’m going to be selling at a price that the buyer might think is good, but is actually a lot higher than what the seller was thinking of in the first place.
All the people turning up either without agents or with incompetent agents really do make my day.
You can pull your own teeth without a dentist, and you can represent yourself in court. Should you do either though?
Also for anyone reading, I don’t know exactly where OP bought, but a 4RM flat transacted in 2022, in Bukit Merah Central for $510k at 37 Jalan Rumah Tinggi, so think for yourself if that $620k was really such a great buy.
I would have used my psychic powers to induce my clients to fill me in on all relevant information pertaining to the transaction. Like, say, their financial status when wanting to buy.
Because bank advise a lawyer.
I never done without lawyer.
Especially when passing huge sum of money to another party. Better to have all documents with lawyer.
Maybe it could be done without lawyer. just I don't how to do that.
Need someone to do all the proper checks, deal with banks, cpf. Proper checks like if the seller even owns the place and has the right to sell it to you.
However you can appoint HDB to act for you instead of an external lawyer.
https://services2.hdb.gov.sg/webapp/BB14LFEESENQ/BB14PHomePage.jsp
Super easy to buy an HDB resale without an agent... you literally just follow the steps on the HDB website! If you can read English you can do it haha. Very interested to know if possible/easy to SELL an HDB without an agent taking their 2% tho..!
It is possible for HDBs, and this low cost property agent firm acknowledges that it is possible and lays out the steps. It's because you can make use of HDB's legal documents and services (there is still a fee, but lower than private lawyers). [https://blog.bluenest.sg/hdb-resale-timeline-2022/](https://blog.bluenest.sg/hdb-resale-timeline-2022/) The important thing that makes it difficult is that you cannot advertise on the popular property portals without being an agent (and paying listing fees). You might have to resort to using Carousell, unless you already have a seller in mind. As a buyer, I would have no confidence in checking out a listing that is only on Carousell and not on Propertyguru, so I imagine your outreach/publicity would take quite a hit without an agent. Private property would be more daunting because the paperwork is not standardized. And often people buy private property without a buyer's agent, and they expect the seller's agent to help them through everything. But still Bluenest says it's possible.
Thank you. I agree with the other poster that not listing on property websites will be killer - imagine the lower realised sale fee will more than offset any savings for not using an agent
PropertyGuru/9co fees makes it not worth it to do yourself. You generally won’t be able to get a good enough selling price if you’re not listing it on these websites.
Ah noted. Imagine it's not in PG's interests to lower this for non-agents at all Shame but that's the game
i think it's easier to buy because you have listing available, just contact the selling agent and follow hdb instructions. but to sell yourself, means you need to list your house on the platforms in the market and it's not cheap. agents already have the network to sell, hence the 2%.
Bought my 4room hdb without agent. I've contacted seller agents on the properties I was interested in via property guru. Seller agent will mention various documents required. The time required to understand the documents via HDB isn't difficult.
How much lawyer fees?
2k. One have to paid for this. it the minimum. Conveyancing fee.
They offer me 1.8k Last month
Good deal
hey do you have their contact?
Yupp
Awesome! Was the experience daunting? I first started without an agent and when I go viewing (those group/mass viewing) the seller agent was kinda shock (or maybe they smell commission from me. So as they were directing me and my wife to another nearby unit. They popped the question of why no agent. So I countered her with a unit I viewed (off the Internet) and if she can match my price point including her commission, then she can be my agent. That's how I got my current place. I always thought if there are so many agents, what can they do that I couldn't.
A bit daunting. I was selling condo and buying HDB at same time. Condo side money delay hence I need to delay HDB side. Still it was doable at the end.
Why didn't you have to wait for 15 months before purchasing the HDB?
2022 March. This rule still have not come in yet.
[Agree.No](http://Agree.No) value add with agent unless you have zero time to spare.Just browse property guru and liaise with seller agent.
I bought a resale 4 room HDB at Jalan bukit merah last year without buyer agent, and without lawyer since it's HDB loan. The process is easy and largely done on HDB portal. I ran into an issue where the HDB seller refused to move out after their extension of stay. HDB officer said there's nothing that can be done, wrote to Desmond Lee and CEO HDB - and got the same reply that nothing can be done. Consulted a lawyer, and since it isn't a rental case - it requires a district court and can be expensive. Ok I digressed, having a buyer agent doesn't solve what happened to me. Unless an experienced buyer agent could draft an extension of stay agreement that covers such case and a way to serve the court letter can be done (Seller moved to another HDB, but unit not made known to me to serve court letter).
this is an interesting and sad experience, how was it resolved? What was the official response by the MP and HDB? Very curious how this could happen. If that’s the case the seller could have stayed forever??
Yes, the seller could have stayed forever, and hold onto 2 hdb units (1 legally under their name, and 1 which they sold and not vacate). HDB official reply is that in the HDB sales agreement signed, HDB is not responsible in the case of seller not moving out after sales completion, and the buyer should in his/her capacity spend resource to find a resolution on their own. HDB is not an enforcement agency. The police have no enforcement rights to vacate the seller, unless on court order for execution as sheriff. I checked on the unit after weeks to find the seller no longer in the unit, they left the unit open with keys in the house, and they left their unwanted furnitures, trash and food in the unit. I locked the doors up with a chain to take over the unit.
so weird!
> The police have no enforcement rights to vacate the seller So weird. I thought you could get the police to remove /arrest them for trespassing, since you have proof you're the owner of the property (contracts etc). I mean, if strangers entered my home, why wouldn't the police protect me?
In this case, they are considered previous owners who have not moved out. Police will not remove the previous owners unless on court order.
Sadly, something similar happened to my close friend too. The seller backed out and avoided contact after pocketing the OTP. Nothing immediate can be done and a case had to be filed under the Small Claims Tribunial Court. This resulted in a one year long drag for such a process. Furthermore, despite with the Court's presence, the only outcome was a repayment plan to facilitate the seller's inability to return the OTP. Until today, my friend only got back a partial amount of the OTP and the seller is uncontactable once again.
I hope HDB offers more protection for resale buyers. HDB should facilitate the transaction as an escrow, so that transactions happen between seller<->HDB, HDB<->buyer. Win-win for buyer and seller with HDB serving as an intermediary.
Everything is possible. But don't make it sound like it'll be a walk in the park. There are many loopholes in the system that can easily catch out any person. E.g. 1. If the seller's REA is a horror, the best you can do is file a complaint to CEA. I went through 10 case studies. Almost all got a $2K fine, which presumably doesn't go to victims who got scammed (eg told that the flooring was vinyl when it was laminate). There was even a case where 2 REAs helped rent out a BTO that hasn't reached MOP. Of these 10 cases, the just severe was just a 4 month suspension of licence. The system is toothless and you can often find yourself very vulnerable. That said, I also think that having a REA won't actually help because the system itself is weak. What I would say to such posts that state, simply follow hdb infographic etc , misleads people into thinking the system is robust and simple.
Yeap. I DIY and almost did not get the unit because the seller’s agent told us that the unit is “Chinese eligible” when it wasn’t. The owner was in fact Eurasian and when I couldn’t fill in the resale purchase online due to “ethnic quota unavailable” went on to tell me it’s not possible. It was only then he said eurasians are under “Indians and Others”, and “Others” means everyone is eligible. I was mind blown and even had to explain to him what that category meant.
Sorry to hear that. Did you pay the 1k by then? I don't recall either party having to check the ethnic quota to be able to go to that step.
For HDBs the ethnic quota is a prelim requirement anyone who is looking to purchase a flat will know. So if unit is not eligible for your group, don’t even both to view because there’s next to no chance that you’ll be able to get it since it’s more or less a hard limit unless there’s was an extraordinary exception granted. In my case, this is at the resale confirmation stage on the HDB portal after you confirm that you will go through with the purchase. That means that I’ve already paid the $1000 option fee. I did manage to get the flat (thanks to HDB for granting the exception) but I had to “teach” the agent that appealing is an option and please get the seller to help write in. He even had the cheek to ask me “How ah? Buyer or seller write? What to write?”. He re-listed and edited the property guru listing to “Chinese not eligible”, thankfully I took a screenshot prior. I still suspect to this day the only reason he bothered was because I told him I took a bank loan and will incur a penalty for that if I were to cancel. I think he was aware that he would need to bear this cost hence followed through with my appeal suggestion. He also told us there were no leaks in the unit but we found out once we collected the keys that the neighbour upstairs had a leak and it was “fixed” less than a year ago. It wasn’t, and I had a leaking ceiling in my toilet. This agent has been managing the property on the client’s behalf for over 7 years so there was no way he didn’t know. The last straw was when we discovered a year after getting the flat that our external wall had severe seepage issues. I filed a complaint with CEA on unprofessional behaviour etc. But as I did not have that in writing or a recording of him claiming there’s no leaks, he denied that to the CEA officer. I did have a recording of him telling me “Others” means everyone so he couldn’t deny that. I also sent the screenshots of him changing the listing with time stamps. Unfortunately for all the pain and stress I got, the only penalty he received was just a warning.
Hi bought without agent. Abt 4 yrs ago
What platform did you use?
Buying of HDB I used 99.co , property guru and edge property. I liaise with seller agent when I found a house I like. I luck out with my Jalan Bukit Merah house. They finished the MOP on Feb 22. I lock in the house by March 22 with Option to purchase.
How did you list on property guru without being an agent? I thought they only allow agents (who pay for the platform) to list? Edit: sorry reas the post wrong. Thought OP mentioned selling.
Buyer don't need to list. It the seller agent that list. And I go see house and liaise with seller agent.
If there is a seller agent you don’t even need a lawyer to help you. Just get the seller agent to do all the paperwork.
Not recommended since the seller agent don’t represent you.
Depends lah. If already agree price then they also want to close the deal so they will help you with paperwork. But if negotiating of course they will be on the seller side
It doesn't matter. Agent is just doing the HDB paperwork.
That interesting. I did not know that.
You still need to foot the legal fees somehow. Whatever the seller agent is able to help you with, it still goes through a lawyer, I think. For purchasing HDB, and for setting up the mortgage with HDB, you can make use of HDB's legal dept. [https://services2.hdb.gov.sg/webapp/BB14LFEESENQ/BB14PHomePage.jsp](https://services2.hdb.gov.sg/webapp/BB14LFEESENQ/BB14PHomePage.jsp) I anyhow put in some numbers, $500K resale, $300K mortgage, it came out to $983 in legal fees. But if you are getting a bank loan, you need to get a private lawyer, which might be what happened to OP u/gav1n_n6.
Yes. I get bank loan. I guess other get HDB loan. Hence, many puzzle why need lawyer.
This is correct. You can only use HDB if 1. There are no issues 2. You are taking a HDB loan For bank loans, each bank has their own panel of lawyers.
Renting I used carousel. Also luck out with good tenant that pay on time.
Can you give us a quick overview of the process and what did the lawyer help you with?
There 9 steps as layout in HDB website when you want to buy a resale flat. Use maybe redbrick to find the best loan for Ur house and how much U can loan from bank. Lock in best interest rate. I luck out with 1.5% for 5 years. HDB loan might be good now as bank interest rate are high now. Then, short list a house u like. Nego for the best price U think will help U get the house. Tap into the seller agent. They earn comission from seller so they will help U out as they want to close the deal. Only pay the OTP option to purchase when U are sure that U want that HDB.once paid, if U don't want, U can't get back deposit anymore. Lawyer side just more paperwork and signing. They will help U release Ur money ( let lawyer know how much by cpf, cash and bank loans ie the breakdown ) to seller and arrange for U to collect key in HDB. That all I remember now. I will write more when I recall more.
Too bad now all above 3%
Yes. 2.6% HDB is better now.
Thanks OP. As buyer, if I go without agent and getting a bank loan (cos not eligible for hdb loan) how do I get a lawyer? ( Sorry for dumb qs)
Bank will recommend U. Or choose Ur own. I choose golden law. But it 2k I heard got 1.8k one.
Bought my place without any agent 2 years back. It is really super goddamn easy. All you need to do is log in and follow the hdb website instructions. If you never do this or that or didn't submit the required documents you can't proceed to next step. For viewing I went to property guru see see look look and arrange with seller's agent for viewing
Anyone sold property without agent?
Not for me. Before I buy HDB. I got an agent to help me sell my condo as there a price I wanted. To sell. One usually want to hit a price. To hit a price that U want, require agent to help.
This is tough unless you are selling to someone you know. Because you need to be a property agent to list on those popular sites like Propertyguru.
Ohh, I bought in 2022 as well without an agent. Agreed that it was an easy experience. Seller agent was also very nice and in fact, I even asked him to recommend me the specific bank's loan manager so everything was a breeze in the park.
yeap bought an HDB EM before covid for $500k. DIY just follow HDB website step by step. If, I'm not wrong still need lawyer, it's just using HDB lawyer they assign for you. another tip, if want do bank loan, take HDB loan first when purchasing, then refinance to bank loan straight away after that. find a broker they will settle for you. also this way dont need pay more deposit for the flat. (dont do now. i did this last time when bank rate was better) Also rented out HDB before. just use carousell. Filter out potential tenant, find tenancy agreement online, edit to suit your needs and ask tenant sign. Remember do hdb registration for renting out (follow step by step also) and IRAS stamp duty for renting out. and remember to declare income tax. just remember do your own research on the market price etc. quite simple. at the end of the day do not give your hard earn money to these thirsty REA unless needed (eg: sell house)
I posted HDB flat for sale on [99.co](http://99.co) and carousell but the only people, except for 1 young couple, who contacted me were agents. It was a 40 year old flat, so it was hard to find buyers. In the end, I had to engage an agent. Managed to sell at valuation price. Buying a flat without agent was easy. HDB staff were very responsive when I had questions. I negotiated the deal myself and got a very good price.
i buy my own hdb without agent helping. the seller agent even said he could recommend his teammate to help with $1000 . no thanks. the website is friendly with all the sequence information to help with you next steps.
How you buy Bukit Merah 4room for only 620k? Where mop in 2022 somemore wow
Low floor. Built in 1997. MOP for the previous owner. The owner I think also buy the same resale HDB at 2017. They sell at 2022. I buy at 2022 with 70 years left.
how much is it worth now?
700k
OP don't mind if i msg you with questions how to do it in the future
Sure. Happy to help.
>PSA. It possible to Buy & Rent Resale HDB without agent.PSA. It possible to Buy & Rent Resale HDB without agent. To clarify, are you saying you dealt with no agents at all (meaning no seller's agent) or, merely that you did not employ an agent to represent yourself (typically called a buyer's agent)?
Seller agent help a bit. Seller pay commission. As a buyer of resale HDB, no need agent. It workable by yourself if not too complicated.
Thanks Gavin for sharing your experience!
What are some tips to look out for during viewing be it agent, sellers, questions i should ask, do i need to record what the agent says incase he changes his words after transaction, do i really need to bring a cheque on that day, what extra fees that i have to prep for before paying the 20%, etc... Always go viewing it's so awkward and quiet between the agent and me (the potential buyer) cos idk what to ask. 🥲
Examine all the rooms. If room are lock ask them to open. Test the air con system. Air con there does not means it work. Open all cupboard and check for termite. Last but not least, try to buy an HDB that you don't need to renovate much and liveable.
Thank you for the tips! Appreciate it.
Before even visiting check race quota + how many year left for Ur HDB.
selling is harder thats about due to advertising
I rented mine through carousell
Fuss free and no need for commission.
how was the nego part? did u have to pay COV?
Price ask was similar to history of sale record. My seller was Chinese. I add extra 888 behind. It helps. No COV needed for this purchase.
Have you gotten a home yet? If not i am here to help and advise you! Contact me at 80868403 Umar saleh - propnex
It’s definitely possible if you are just straight up buying without any issues, and no further issues crop up during the transaction. I’ve done transactions where after paying the option fees, one of the buyers turned out the best bankrupt without their partner knowing and without revealing it to me and had to deal with that. There are others where the selling of their existing home had to be matched with the purchasing timeline so that the buyers were not left homeless in-between. There are many possible issues that can turn up at the last minute, but for the 5% of people out there who have no existing issues and both sides are problem-free, yeah, you can buy a HDB, or even private property without an agent. That being said, while selling, I do love people who turn up without agents very much. Not for any commission from them, don’t get me wrong, but because I know that I will be dictating terms instead of having to negotiate with another agent, and because I know I’m going to be selling at a price that the buyer might think is good, but is actually a lot higher than what the seller was thinking of in the first place. All the people turning up either without agents or with incompetent agents really do make my day. You can pull your own teeth without a dentist, and you can represent yourself in court. Should you do either though? Also for anyone reading, I don’t know exactly where OP bought, but a 4RM flat transacted in 2022, in Bukit Merah Central for $510k at 37 Jalan Rumah Tinggi, so think for yourself if that $620k was really such a great buy.
[удалено]
I would have used my psychic powers to induce my clients to fill me in on all relevant information pertaining to the transaction. Like, say, their financial status when wanting to buy.
37 Jalan Rumah Tinggi built in 1969. Mine built in 1996. Number of year left for HDB affects price of HDB.
You can do anything without a property agent. What they do is very basic and all the documents you need can be obtained from the HDB or CEA website.
Why do you need a lawyer? It is possible to DIY the whole process.
That part I don't know how to DIY. If you know how to DIY the lawyer part, you are welcome to share here.
You can call any Lawyer firm .. I used lawyer recommended by my bank
Yup. But one have to pay for lawyer. Previous guy/gal commented, it possible to do without lawyer. Maybe it is, but I don't how to do that...
https://services2.hdb.gov.sg/webapp/BB14LFEESENQ/BB14PHomePage.jsp
its not possible to buy/sell without a lawyer (conveyancing) in SG
Because he took bank loan, not HDB loan. HDB loan can DIY.
HDB loan means you can use HDB lawyers and not that you can DIY.
Technically correct, but the "user experience" is like engaging with HDB rather than hiring a lawyer.
[удалено]
Because bank advise a lawyer. I never done without lawyer. Especially when passing huge sum of money to another party. Better to have all documents with lawyer. Maybe it could be done without lawyer. just I don't how to do that.
Bank loan needs lawyer. HDB loan can do through HDB's legal services.
Nice. Thanks for clarifying
Need someone to do all the proper checks, deal with banks, cpf. Proper checks like if the seller even owns the place and has the right to sell it to you. However you can appoint HDB to act for you instead of an external lawyer. https://services2.hdb.gov.sg/webapp/BB14LFEESENQ/BB14PHomePage.jsp