Property
My Journey Of Purchasing My First Property [Part 2]
By JYKL Saving and Investment Blog  •  January 24, 2018
Hi Everyone! This is the continuation from the "My Journey Of Purchasing My First Property [Part 1]" post, whereby I wrote about the first portion of my journey of purchasing my first property. 1) Process of Purchasing a property So after we decided on the property to purchase, we got our agent to conduct the next course of action, which is negotiation. We did negotiate quite a substantial amount as the seller wants to follow the valuation price and forgo the listed price. However, we still manage to get the property a bit lower than the valuation. So after negotiation, we will need to do the following - Pay 5% down payment (cash only) - Pay 15% payment (cash + CPF) - 3% or 7%(depending on ABSD, ABSD only applies to buyer who purchased second property, be it HDB or private property) - Lawyer fees - Valuation fees - insurances (if needed) So we paid the 5% to the buyer to ......
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By JYKL Saving and Investment Blog
My name is James, the purpose of this blog is to keep track of my own portfolio and to share with others on my findings as much as possible so that everyone will be able to achieve their own passive income as soon as possible. The reason is because it definitely need time to build up your own passive income as this kind of this is unreachable overnight.
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