MAN SAY BTO TOO LONG, WANT BUY RESALE BUT DOSEN’T KNOW WHAT TO INSPECT

Asking for advice.

BTOs waiting time is way too long.

Want to go for resale HDB, but am not sure how to inspect internal, deep-rooted conditions such as pipe issues, drainage issues, sink issues etc etc.

Anyone has experience of buying resale without agent to assist? I see all these agents with their flashy watches and cars only focusing on closing condo sales and boasting about it, they likely won’t put as much effort for us commoners who can only afford HDBs..

Thanks in advance.

Answers:

Certainly, buying a resale HDB without an agent is a feasible option, and many people successfully navigate this process on their own. Here are some tips to help you inspect internal, deep-rooted conditions and manage the process:

1. Research and Understand the Process:
   • Familiarize yourself with the resale process for HDB flats. There are various guides and resources available online that can provide a step-by-step overview.
2. Attend Open Houses:
   • Attend open houses in the neighborhoods you are interested in. This allows you to get a feel for the area and inspect different flats. You might also get a chance to speak directly with sellers and gather information.
3. Building Inspection:
   • When you find a flat you’re interested in, consider hiring a professional building inspector to assess the overall condition. They can identify potential issues such as structural problems, water damage, and faulty wiring.
4. Check Documentation:
   • Request and review all relevant documentation, including renovation permits, receipts for maintenance work, and any history of repairs. This can give you insights into how well the property has been maintained.
5. Plumbing and Drainage:
   • Check for signs of water damage or leakage. Turn on taps, flush toilets, and inspect the water pressure. Check under sinks and around bathroom fixtures for any signs of water stains.
6. Engage a Licensed Plumber:
   • If you have concerns about the plumbing system, consider hiring a licensed plumber to inspect the pipes. They can identify potential issues like blockages or leaks.
7. Electrical Systems:
   • Ensure that the electrical systems are in good condition. Check the circuit breaker, outlets, and switches. If you have any doubts, consult with a qualified electrician.
8. Ask About Renovations:
   • Inquire about any renovations that have been done to the flat. Find out when they were completed and if they were done by licensed contractors. Poorly done renovations can lead to issues.
9. Neighborhood Research:
   • Explore the neighborhood during different times of the day. Consider factors like noise levels, accessibility to public transportation, and proximity to amenities.
10. Legal and Financial Aspects:
    • Familiarize yourself with the legal and financial aspects of purchasing a resale flat. You may want to consult with a conveyancing lawyer to guide you through the legal procedures.
11. Negotiate Fairly:
    • When you’re ready to make an offer, negotiate fairly based on your findings during inspections. Be prepared to walk away if the terms are not favorable.
12. Consider Engaging a Property Agent for Specific Services:
    • While you may not want a full-service agent, you can consider engaging one for specific services, such as handling paperwork or providing advice on market trends.

Remember, it’s crucial to take your time and thoroughly inspect the property before making any decisions. If needed, seek advice from professionals in the real estate industry, and ensure that you are well-informed throughout the process.