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Sunday, August 12, 2012

HDB appointments for selling of HDB flat

HDB flat seller will be required to attend two appointments for the sale of flat:
1. First Appointment
2. Completion Appointment (Second Appointment)

Prior to the First Appointment, the resale flat must be inspected by Technical Officers from HDB's Branch Office to check for any unauthorised renovation. The purpose of the inspection by the Branch Office is to check for unauthorised renovation works in the resale flat which may damage HDB property and affect the structural stability of the flats/building.

The First Appointment is arranged for HDB resale officers to meet both the resale flat buyers/sellers. During this appointment, HDB will explain the resale procedures to both the buyers as well as the sellers. Verification of seller’s eligibility, sellers/buyers authorization for HDB to act for them in the conveyancing (buyers/sellers may engage their own solicitor to act for them), fix the Completion Date and
calculation of the amount of conveyancing fees that needs to be paid for the Resale transaction will also be conducted in the first appointment.

The second appointment or completion appointment is scheduled between 6 to 8 weeks from the date of the first appointment. During the 2nd appointment, the signing of the a number of documents such as the mortgage document/agreement by the buyer (if buyers take a HDB loan), transfer document will be conducted. Also seller will handover the keys to buyer after the buyer confirms that the flat has been vacated and its condition is acceptable (buyers are to arrange for a final inspection of the flat with the sellers before the date of completion).

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