02/06/2021
Alice is an old family friend and approached me for advice to assist her daughter, Joan
Joan and Tim are working parents in their 30s, with 3 young kids. Their current 4 room Punggol flat just achieved MOP and were exploring the option of either upgrading to a bigger flat OR to a condominium with facilities for their active growing kids.
They are anxious to move on but do not know how to get this upgrading going.
THEIR MAIN CONCERNS ARE:-
-They wanted a home near to the school the kids are attending;
-They definitely needed more space
- Affordability of the new home as they have limited cash
-They only want to shift house once as they have young kids
I empathize with their predicament and truly understood the need for space with young, active growing kids, at the same time, taking into consideration their constraints for monthly cashflow as well
After a few more meetings and drawing more understanding of their current work security and lifestyle, I understand their pain and struggle much better.
I did a more detailed calculation of their finances based on our proven strategy and narrowed our search to a bigger resale 5 room flat.
I also plan for a smoother time line, via enhanced contra and executed the upgrading successfully,
IN SUMMARY,
- they sold their current unit at $80,000 above valuation
- upgraded to a bigger flat
- Minimal difference in monthly instalments, not to disrupt the monthly budgets of the family
- move house only once without paying addition for rental.
I was invited to their house-warming and seeing the smiles and glow on everyone’s face, they are obviously super happy with the additional space in the house
This motivates me to reach out to more families who are in the same predicament as my client above.
If you are in a similar solution as my client above, and wish to know how our tested strategies could assist you in your upgrade, click on the link below to connect with me.
We hope to be of invaluable support to u
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