Steps to Owning Your Property in Singapore!

1. Appoint a real estate agent

The first step in a real estate transaction is to appoint a real estate agent. As your representative during the sales process, he needs to have knowledge and experience in the market. Stay with one agent per transaction because appointing more than a representative will lead to confusion and embarrassment since most agents in Singapore share the same portfolio. To get more details about Pullman residences prices you may check here https://www.pullman-residences.co/pullman-residences-prices/.

Steps to Owning Your Property in Singapore!

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2. Define properties

Depending on the need, real estate agents look for suitable accommodations. After you limit yourself to a selected few, you are invited to view the units.

3. Offer to Buy

After viewing the property, you will need to prepare 1% of the purchase price as compensation for the option to buy from the seller. You then have 14 days to decide whether to buy it. If you decide to do so, you should exercise the option of signing it and sending it to the seller's attorney along with 4% to 9% of the purchase price.

4. Complete the transaction

Leave the problem to your lawyer. He will complete the sale in 8-10 weeks by filing a warning on the property and approving the financial institution if necessary. You can take one last look at the property before the sale is completed if you have permission on the option to buy.

5. Apply for a bank loan

As a foreigner earning income in foreign currency, you can get a loan from a Singapore bank up to a maximum of 80% of the purchase price. It is important to note that the loan amount needs to be assessed by the lender.