'AM I IN THE RIGHT DIRECTION WITH MY HOME PLANNING?'
Many homeowners believe that they will be free once they finish off their mortgage loan.
And you are not wrong to think that!
This is the mindset that most owners have too.
They want to pay off their home and clear the commitment as soon as they possibly can.
However, is this really the best financial choice to make?
WILL EVERYTHING BE SOLVED ONCE YOU PAID OFF YOUR HOUSE?
You may have heard of the term 'Negative Sale'.
This is when you get $0 profit or even a loss when you sell your home.
Do you know that this is a problem that can arise even if you fully pay your home?
I'VE MET SEVERAL CLIENTS WHO FACED NEGATIVE SALE!
CASE STUDY 1
Mr and Mrs. D owned an Executive Apartment that they bought 20 years ago.
Like most homeowners, they too finance their home using CPF every month.
Now that their kids have all married and moved out, they want to move to a cozier home for the 2 of them.
However upon our calculations, they will face a negative sale due to their CPF accrued interest that has ballooned up over the years.
This means, they will not get any cash proceeds from the sale of their house!
"I CAN MAKE A LOSS EVEN IF I PAY OFF MY HDB FULLY?"
1. Is your HDB the best asset hold in the long run?
2. Are you aware of the 2.5%p.a. accrued interest on your CPF OA used?
3. Many homeowners unknowingly lose cash proceeds without having the relevant knowledge.
LOCKING YOUR CPF IN YOUR HDB COMES WITH INTEREST!
You are accruing interest at 2.5%p.a.
You are not earning the 2.5% interest from your OA
This is an opportunity cost of 5% every year
IF YOU HAVE USED $200,000 OF CPF IN YOUR HOME,
1. You accrue an interest of $26,600 deducted from your cash proceeds upon sale
2. You miss outon earning $26,600 in interest
This is a total of $53,200!
HOW DO I GET OUT OF THIS?
Reach out for a non-obligatory consultation
WHAT WILL YOU BE RECEIVING?
A complete financial assessment is the key to a solid foundation for a smooth property journey.
In-depth market knowledge and research to give you the edge especially in a fast moving country.
There are so many choices out there, I will walk you through how to narrow down to the best units for you.
A stress-free journey that awaits you.
A retirement that you deserve.
CASE STUDY 2
Mr & Mrs. Poh have been living in their 4 room HDB in Punggol for the last 5 years. Since they have fulfilled their Minimum Occupation Period (MOP), they planned to upgrade to a bigger space. Their initial plan was to either move to a Jumbo Flat, Executive Apartment or an Executive Maisonette. However, they were not sure which option will be good in the long term.
That was when we met and had a discussion about their plans. After a full financial assessment, we found out that they have more options available.
Going through the market analysis, they realize that the option to upgrade could be a more suitable choice for their family. They now understand how real estate cycles work and reasons for the measures in place.
After having the solid financial assessment and proper market knowledge, we then narrow down the units that are suitable for Mr & Mrs. Poh. They were very excited about the whole process being so enjoyable and enlightening.
Needless to say, with careful consideration taken at every step, Mr & Mrs. Poh takes their next step to a home plan without worries. Knowing that they have a safety net in place and understanding how it works to benefit them, they enjoyed a stress-free upgrade to a 3 bedroom condo unit.
CASE STUDY 3
Another case that I encountered is with H & M. They bought a resale unit while relying on hearsay and word of mouth in determining the potential of the property. When I look through the purchase that they have made, I realized that they paid $50,000 to $60,000 more than the actual value of the house
This is a real life example of DIY sellers and buyers who made a loss which sets them back in their real estate journey. While they are still serving their MOP now, i advised them accordingly in preparation for their next step. It is a painful experience to discover that you made an error like that, especially when you have a long term plan to accumulate retirement funds through property.
An over payment for your home will be a future issue faced when you decide to move or upgrade.
Proper research and knowledge is essential in property purchase. Do not leave it to luck. This is the most expensive purchase that you will possible make.
Have a home that grows with you and your family. Make the right move and make informed decisions for your future.
ARE YOU ALSO WORRIED ABOUT
1. The current market situation
2. Property market pricing
3. Your financial commitments in your next move
4. The right time to move
5. Which property to buy
THESE ARE REAL CONCERNS TO ADDRESS!
Many homeowners are worried about over committing to a property.
However, they have also reached out to address these concerns.
And to their surprise, many of them discovered they can even upgrade at ease with a monthly income of $7000.
After going through myR.A.I.S.E approach, they are excited to start their family's home planning journey.
WHAT IS COVERED IN THE R.A.I.S.E. APPROACH?
Your retirement goals made achievable with prudent milestones.
Strategy in place to have maximum potential capital appreciation.
With inflation every year, are your assets growing as well?
Essential reserve fund and buffer to protect your family's interests .
How can you plan for an easy move in the future?
Taufiq is a Real Estate Consultant that assists his clients in a lifelong journey of wealth accumulation. Utilizing knowledge of the market and policies, his clients benefits from the up-to-date advise that he provides.
Committing to a close relationship with every single client is Taufiq's top priority. He places your comfort & security above all else.
Coming from an Accounting background, every step of your journey is secured with thorough consideration.
You deserve a holistic consultation that will consider every aspect of your family's needs.
CEA Reg. No. : R060478C PropNex Realty Pte.Ltd. License No. : L3008022JC A. A. MARKETING MANAGER POWERFUL NEGOTIATORS GROUP PROPNEX REALTY PTE. LTD.
My husband & I have been having thoughts of downsizing from our current Jumbo unit in the year 2019. Taufiq from PropNex Realty has helped to make that dream a reality. The sale went smoothly at our expected price & our next purchase was perfect to be called home.
Taufiq really listens to our concern & his attention to detail has brought great peace of mind to our real estate transactions. We wholeheartedly recommend Taufiq from PropNex Realty to be your real estate agent & we think anyone would also find him engaging, understanding & very easy to work with.
This Executive Apartment in Hougang was on the market for almost 4 years without a single offer. The homeowners got in touch with Taufiq to market their unit. Within just 5 weeks, Taufiq got the unit sold with his targeted marketing techniques.
Taufiq is a responsible and detailed property planner consultant. He’s able to envision and customise property planning according to personal and family preference and financial status. He also helped to highlight blind spots that people may not be able to notice such as investment and retirement planning.
He’s good in his media advert and management to seek our property swiftly in 3 weeks. With his contacts, he managed to help us view many houses within our preferences and financial status. He is responsive and active in updating us details and information needed. He always think of his clients and make efforts to show appreciation!
GET YOUR FREE CONSULTATION TODAY
PLAN YOUR JOURNEY RIGHT.
ENJOY EVERY STEP OF YOUR