After you have downloaded Ohmyhome App, start your journey. Choose I am a "Seller" from the list.
Seller registers an Intent to Sell in the HDB Resale Portal. The Intent to Sell is valid for 12 months. You will need to re-apply an Intent to Sell if you do not submit your resale application within 12 months.
MOP in most cases require you to physically occupy your flat for 5 years before selling it in the open market.
The HDB resale portal is a single platform for integrated Eligibility Checks, this includes the available quota in the block/neighbourhood for the different ethnic groups and citizenships under the Ethnic Integration Policy (EIP) and Singapore Permanent Residents (SPR) quota.
Click "Post My HDB", choose "For Sale". Input your flat address.
You may schedule an open house. Learn more about Ohmyhome's Open House Feature.
Buyers will chat with you when they are interested with your flat. Enable chat notifications to be notified when a potential buyer chats with you. Learn more about DIY Marketing for your Resale Home and Rental Flat
Here are some simple tips to make your home welcoming and attractive. Learn more about how to Make Home Buyers Fall in Love with Your Flat in 3 Steps
For safety reasons, it is advisable to have someone with you when conducting a viewing.
Either you or the buyer may reconfirm the viewing schedule the day before. You may contact the buyer and send a message like this; "Hi, see you tomorrow at 7pm in my flat at Block 671B Unit #04-06 Serangoon Road for the viewing. Please confirm that you are coming. Thank you."
Do not let your buyer wait, be prepared to show off your home to the potential buyer.
How to set your reserve price? You need to set a realistic reserve price. Reference on past transacted prices of similar flat type in your neighbourhood.
Your potential buyer may ask for a lower price, be ready to negotiate professionally.
If you are unsure of whether the buyer is really keen in buying your flat, then continue to schedule viewings until you find the "right one" for you.
Thank the buyer for his time and ask him a specific date when he can update you about his decision. It is advisable to follow up with the buyer within a week.
Grant the Buyer an Option to Purchase (OTP) in exchange for an Option Fee ranging from $1-$1000.
If you are not be able to move out immediately upon the legal completion of the sale, you can arrange with the flat buyers to extend your stay temporarily in the flat. The maximum extension period up to 3 months after the legal completion. The request is to be submitted to HDB at the time of the resale application. An administrative fee of $20 (inclusive of GST) is payable by the flat buyers.
Need more assistance in closing the deal?