How to attract a suitable buyer for your HDB flat in Singapore

1. How to attract a suitable buyer for your HDB flat in Singapore The HDB flats are the most popular as well as the cheapest option in the property market of Singapore, as it is a unique provisioned provided by the government of Singapore under the tag of Housing and Development Board. Also, HDB housing estates are usually self-contained towns with clinics, schools, supermarkets, food centers, as well as sports and recreational facilities. So if you own an HDB flat then you can always sell your property as the demand for HDB flat for sale in Singapore is pretty high, and you can find a number of prospective buyers of your property. Check your eligibility to sale HDB flat: Before registering your intention to sell your HDB flat, you need to check whether you are eligible to sell your property or not, and for that, you need to consider these following points; 1. Meet the minimum occupation period: You have to meet the minimum occupation period, which is a minimum of five years, before selling your HDB flat to others, as directed by the Housing Development Board. 2. Clear if any outstanding: All your dues’ regarding any bills or lease needs to be settled first, as if you are having any dispute related to any outstanding amount, you cannot sell or resale your HDB flat in Singapore. 3. Short any lease administration issues: The lease administrator is responsible for overseeing and tracking the leases of rental properties in a company's portfolio. They also follow the leases of financial transactions, such as rents, sublease payments, renewals, taxes, and property expenses, so you need to fix all the issues before registering your HDB flat for sale. 4. Check with EIP/SPR Quota policies: You need to check whether the prospective buyers are authentic or not, as the need to meet the requirements of the Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) Quota Policy as directed by the HDB board of Singapore. How to attract a suitable buyer for your resale HDB flat: To find a suitable buyer for your HDB flat is not an easy task for that you need to register your intention to sell, and for that, you need to prepare your advertisement wisely to show in the HDB portal, which should include pictures and description for a correct understanding. Here we described how to prepare the advertisement in detail, you need to follow the directions to sell your HDB flat easily; i) Take some good picture of the flat: Pictures speak a thousand words so make sure to take the best ones of your home when you list it so that the prospective buyer can get a clear understanding regarding the interior, design and other details of this place. ii) Price your flat as per the current real estate pricing measurement:

2. Price and demand depend on each other, so before pricing your flat you need to study the current market valuations. Thus, in deciding the critical question of how much you should sell your flat for, you can get a gauge from the latest HDB median resale prices in your neighborhood and that will help you to get a clear idea to price your flat. There are also several ways you can acquire a valuation of your home. For a more tailored and comprehensive home valuation, you can hire a professional Property agent of Singapore. iii) Write a short and strong description: Lastly, you need to write a description of your property, when your photos are checked and the price is decided, the last thing to do before posting the advertisement is to craft a strong description, and it’s up to your discretion how you want to describe the value-added features your place has to offer. This will give potential buyers a good idea of everything your home and estate has to offer; here we described the essential points to focus while describing your HDB flat for sale; 1. You can include information like nearby amenities and tenure period: Nearby amenities include the markets, school, hospital and other facilities required in our daily life, so if you include the markets, railway stations, banks, schools, hospital nearby your place, your potential buyer can become interested, as he can find his requirements gets fulfilled. 2. You can even mention the number of bathrooms and décor: Also, you can give a detail regarding your interior and its current status that includes the wall paint, floor, doors, and windows etc. and the status of cable connectivity, for electricity, broadband etc. also, the number of bathrooms can provide a clear idea about the place. Conclusion: Once you’ve completed the aforementioned steps, you need to tap on the “Sell” button, and simply choose the “Property” category and follow the built-in fields to indicate the right attributes for your home. The resale HDB flats are the cheapest option and more than 80% of Singapore's population lives in HDB flats, so it will not take much time to find a prospective buyer for your HDB flat for sale in Singapore, as the demand is pretty high.