HDB Matters

[tricialau81]

Hi anyone sold their flat first before purchasing another one? I had recently found a unit which I liked but unfortunately I cannot do contra as e seller is doing contra. Thus I hv to sell my flat first wait for 3 months for my funds to come in so I can make a purchase for the other unit. My question is is it safe to do so? Can e seller suddenly backs out? The seller is already 82 I'm afraid if any misfortune happens before completing e whole process which may take up to 6 months. I'm afraid if tat happens I will be homeless? Anyone care to enlighten me? Thank you v much!

 

[jungle]

I suggest you better have some back up choices in case the seller back out or sell the flat to others.

 

[tricialau81]

My agent kept assuring me tat those ppl taking bank loan cannot do contra also has to sell their flat first before buying... It's v hard to find a unit which I liked... so in dilemma whether to proceed with e trasaction anot