Here is an overview of the resale process.
Buyers are required to register an Intent to Buy via the HDB Resale Portal. Through the portal, buyers will be guided on their buying journey and can track their transaction.
As a salesperson, you should:
- Guide your buyers to register an Intent to Buy
- Assist them in their financial planning and application for a housing loan (if required).
- Advise your buyers on the recent transacted prices and assist them in price negotiation with the sellers
- Go through the important notes of the Option to Purchase and explain the clauses of the contract with your clients. Ensure that your client understands the clauses of the contract before they commit to a flat purchase.
- Assist your buyers to submit the resale application through the HDB Resale Portal or Estate Agent Toolkit (if your agency is a subscriber), and adhere to the timeframe given. You should also assist your buyers in the preparation and timely submission of documents to HDB in order not to delay the resale transaction.
- Guide your buyers on the requirements and things to prepare before attending the resale completion appointment
- Lastly, advise your buyers on the conditions after buying a resale flat
Source: HDB