How to process sale of flat from mother?
    
 
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  1. #1
    Member Jecca is on a distinguished road
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    How to process sale of flat from mother?

    does the price have to be similar to market rate? because my mil wants to sell it to us, hopefully at lower cost to help us out. Is there any procedure, or is she able to 'gift' it to us?

  2. #2
    Junior Member zefina is on a distinguished road
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    Nice~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

  3. #3
    Member ting is on a distinguished road
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    you can only gift a house if she has fully paid it up.

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    Senior Member honeydew is on a distinguished road
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    i have heard before that she can sell to you at lower than valuation price, but not drastically lower. anyone can verify?

  5. #5
    Member zyroo is on a distinguished road
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    Don't think price is an issue if it has been paid up and yes, she can gift it to you.

    And if she has bought with her cpf monies and cash, it will be goodwill to effect the sale procedures at the prevailing market rate, to return her cpf, cash etc. Well, she may even pay you renovation if there are left over cash.. your mother in law sounds nice, you are so lucky!

    Fyi, HDB re-possesses flats 90% of market value.

    All being said, each case is individual, you can check with HDB branch office for a better understanding. Best of luck!

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