Frequently Asked Questions
Having any questions before engaging us? Check out our FAQs for more information on our services.
If this still cannot solve your queries. Please contact us directly using the WhatsApp or Phone link above.
SELL YOUR Place
1. When is the best time of year to sell a house?
You can sell your home at any time of the year, but there are definitely some months when selling is easier, faster, and more profitable.
2. How long will it take to sell my house?
Time to sell really depends on the location and the conditions of the housing market. Your listing price, the condition of your home, and the marketing and staging will also play a part.
3. How much is my house worth?
There are two main factors that determine how much your home is worth: its condition and demand for your home. To learn what your home might fetch in the market, the best method is to look at comparable sales and to let us calculate the “X-Value” of your property.
4. How much does it cost to sell my house?
There are many costs involved in selling a house. A few of the items are Seller Stamp Duties (SSD); if applicable, agent commission, legal fees and other related costs. However most of this is deducted from sales proceeds at closing.
5. Should I make repairs before listing the house?
Many times, homebuyers want a “move-in ready” property — one that doesn’t require much work and effort before moving in. A “ready” property will also demand more in the market. It will also sell faster.
6. Can I take my favourite light fixture with me?
Anything that’s attached to the house is something you will need to leave behind for the buyer. This includes light fixtures, built-in units, blinds, door hardware, and many other. If there is things that you do not want included in the sale, make sure you bring up during negotiations. Get us to list it in your sales contract.
Finding Your Next Dream House
1. Should I talk with a bank before looking at homes?
Yes. You should. There are many reasons why you should talk with a bank and get pre-approved before looking at homes. First and foremost, talking with a bank before looking at homes can help you understand exactly how much you can afford. There is no reason to look at homes and realise that you cannot afford the house. If you need a reliable banker, let us know, we will get one to contact you.
2. Buy or continue to rent?
Buying a home can be a very solid investment. That being said getting the new house at the right price will make it more worthwhile. Pay your mortgage is always better than paying someone else’s. Let sit down and discuss more.
3. Buying a home before selling your current home?
There is truly no right answer to this question. There are good and bad to buying a home before selling your current home and the same can be said about selling your current home before buying another. However do take note of the stamp duties involve.
4. How much money do I need for a down payment?
Based on the latest policy, using a bank loan, the down payment will be 25% (with minimum 5% cash payment).
5. How many homes should I see before making an offer?
You might wish to see a few to ensure you find the perfect home. However sometime looking at just too many will make the decision making even harder. Look for a way to narrow down your search with the guidelines we have for you.
Landlord / Tenant
1. Will the terms of the Tenancy Agreement (TA) change significantly from the Letter of Intent (LOI)?
The LOI is not a legal binding contract detailing the terms of your tenancy. However it is a letter signalling your intentions to rent the property. Most of the time, you will be asked to hand over an initial deposit. The final TA will be drafted based on the terms stated in the LOI.
2. What are you liable for, when it comes to repairs?
In Singapore, most tenants are liable for minimum repair cost, usually first $150 to $200 of a repair bill. The rest of the cost falls to the landlord. Do try to negotiate these terms, if you feel they’re unfair. This will usually be stated in the TA.
3. Who’s paying for maintenance and sinking fees?
The landlord in responsible for paying the MCST charges. Tenant is liable for the payment of the monthly rent and utilities charges.
4. Who’s responsible for maintaining the air-conditioning?
Tenants are usually responsible for maintaining the air-conditioner. The limit of tenant liability should be the same as any other repairs $150 to $200 as agreed in the TA.
5. When can the landlord drop by?
The TA should specify when and how the landlord can perform checks on the property. Tenant should have the exclusive use of the rented premise.
6. What circumstances allow you to break your lease?
The most basic clause, for expatriates renting more than a year, is the Diplomatic Clause (this should always be present). This allows you to break your lease with a two-month notice, after the first year; it’s important in case you’re no longer employed, or must urgently head home. Other reasons may also result on the breaking of lease. This should be mutually agreed between the 2 parties.