So even if another co-owner has just one per cent of the property, don’t assume you’re in a position to sell without their consent. This is not the case a common consensus is still required to sell the property. This gives rise to a common misconception: that the co-owner with the biggest percentage gets to decide on the sale (i.e., they can unliterally allow or block the sale). However, if you have tenancy-in-common, then each of you owns a specific percentage of the property. Most properties are held under a joint tenancy. Forgetting to check the manner of holding

Bargaining with the date of vacant possessionġ.

Not using the “As Is Where Is” clause when needed.

Not clarifying what you’re taking or leaving behind.

Taking a second mortgage before discharging the first.

Forgetting to check the manner of holding.

It’s possible, for instance, to move only once rather than have interim accommodation or to avoid situations where you’re serving two home loans at once.īut whether or not you use a realtor, look out for easily overlooked issues like these: The same goes for unusual situations such as having to sell on short notice (e.g., to avoid losing your ABSD remission).įor upgrading, the timing issues can be more complex. – are tricky to sell without a realtor’s help.

In the following, we look at common mistakes among first-time home sellers, and ways to prevent them:įor HDB upgraders or atypical property sales, it’s advised that you use a qualified realtorĬertain atypical properties – such as those in advanced stages of lease decay, walk-up apartments, mixed-use shophouse units, etc. The sale of your home can be a life-changing process and even a seemingly minor slip-up can become an expensive mistake. Whether or not you’ve engaged a realtor to sell your property, it pays to keep an eye on the process.

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