Selling a Flat
As a salesperson, you need to guide the sellers through the policies and procedures for a smooth resale transaction.
The Council for Estate Agencies has a Prescribed Estate Agency Agreement for the sale, purchase, and lease of residential property.
- This agreement is a contract between you and the sellers, and it seeks to protect both parties’ interests. The terms and conditions of the agreement, such as commission payable, can be negotiated between both parties
- You should explain the Agreement to the sellers fully, and give them enough time to read it thoroughly. Essential information that should be included in the Agreement are the property address, price, dates, names, and commission payable
- If there are any amendments made to the contract, make sure the sellers countersign them. You should also give them a copy of the Agreement which they have signed
Before the sellers can sell their flat, they have to make sure they are eligible to do so. Find out more about the criteria and considerations here.Find out more
Resale StatisticsCheck the overall price movement of the public residential market using the Resale Price Index.Find out more
HDB Map ServicesUse our Map Services to obtain details such as lease dates, resale prices, and more.Find out more
Options for Sellers' Next FlatYou can advise the sellers on planning and searching for their next home, as well as the various housing options.Find out more
FinanceThe seller should work out their finances using the estimated sale proceeds and considering the outstanding payments involved.Find out more
Selling ProcessHere are the main stages of the selling process that you and the sellers need to take note of.Find out more
Policies and UpdatesThese are the prevailing policies and updates for HDB resale flats. Check to see if they impact the seller.Find out more