If you are thinking of selling your flat - be it conducting your DIY resale, or engaging a housing agent, it's best to do some homework first.

Learn more about selling a flat through a step-by-step procedural guide. We will take you through from the beginning of a resale transaction till the completion. Make sure you are prepared by familiarizing yourself with the selling process.

Below are some important highlights.

(i) HDB policies that all sellers should be aware of regarding their "eligibility to sell":

	Flat owners have to complete the minimum occupation period before they can offer the flat for sale. Flat owners can request for a written confirmation by submitting an on-line request form.
	Ethnic Group Policy: the ethnic group of your buyer have not reached the prescribed limits under the Ethnic Integration Policy (EIP).

(ii) Financial payments (if applicable) that must be settled before completion of the resale transaction. The list includes:

	outstanding mortgage loan
	resale levy
	upgrading cost
	upgrading levy
	property tax
	service & conservancy charges

(iii) Flat owners must regularise the unauthorised renovation works (if any) found in the flat before resale completion. The resale transaction may also be affected should there be any lease infringements.

(iv) Compute estimate sale proceeds.

(v) Take note of CPF policies or rules e.g. if you sell your flat after reaching the age of 55, part of your CPF refund may be locked up in the CPF Retirement Account and cannot be used for the purchase of another flat. Generally, when you sell your flat, you would need to refund the CPF savings you had earlier withdrawn for the purchase of the flat. This includes the interest you would have earned, had the savings remained in your CPF Account.

When you are quite sure about selling your flat or might have started the selling process, do plan for your next accomodation early as well. If you are buying or renting another flat, your homework certainly does not end here, there's another set of considerations to watch out for.