Ensure that the seller of the property is eligible to sell the property. For a private property that is mortgaged to a bank, if the seller has lost money on the sale, and is unable to top up the shortfall on his bank loan, the bank may not allow the seller to go through with the transaction.
For an HDB flat (except one-room flats), there is a minimum occupation period whereby the seller must physically occupy the flat before he would be eligible to sell the flat. For a flat bought directly from the HDB or a resale flat bought with a CPF housing grant, the seller must physically occupy the flat for five years before he can sell it. For a resale flat, the seller has to physically occupy the flat for a period of 30 months. Note that if the seller has sub-let his entire flat with the Housing and Development Board's approval, the period of sub-letting will not be included in computing the physical occupation period.
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