Step 2: Get your finances in order
Once you know what you're looking for, you need to get your finances in order. This means getting pre-approved for a mortgage and making sure you have the down payment and closing costs saved up.
Step 3: Find a flat
Now comes the fun part: finding a flat! You can search for resale HDB flats on the HDB website or through a real estate agent. Once you find a few flats that you like, schedule appointments to view them in person.
Step 4: Make an offer
Once you've found the perfect flat, it's time to make an offer. This is where things can get a little bit tricky. You want to offer a price that is fair, but you also don't want to overpay. Your real estate agent can help you determine a fair offer price.
Step 5: Negotiate
Once you've made an offer, the seller will either accept it, reject it, or counteroffer. If the seller counteroffers, you'll need to decide whether to accept their offer or continue negotiating.
Step 6: Close the deal
Once you and the seller have agreed on a price, it's time to close the deal. This involves signing a contract and paying the down payment. The closing process can take a few weeks, so be patient.
Step 7: Move in!
Once the closing process is complete, you can finally move into your new flat! This is an exciting time, but it can also be a bit overwhelming. Don't worry, though. With a little planning and preparation, you'll be settled in in no time.