We have just signed the Option to Purchase (OTP) form to sell away our flat. After staying here for 5 years, we decided that it's time to sell already. We had considered a few factors before making this decision.
1. Our flat is beside PIE, thus it would not be easy to sell it.
2. We bought the flat in its original condition. Due to the very short time frame (we took over the flat on 18 Mar 2003 & moved in on 21 Mar 2003), we didn't have time to renovate it. In addition, our finances were also very tight then. Thus, we didn't have extra cash to do any renovations. We only repainted the flat then. After 5 years, the flat is in need of a major overhaul. However, if we were to renovate the flat, it would be very troublesome as we need to shift out & rent a place for the time being. However, it's not very feasible since Daryl is still young & mei mei is due in Aug.
After serious consideration, we decided to sell our flat if the price is right & find another place.
We are very fortunate that our buyer is willing to pay $3,000 above valuation & he'll be paying our agent's commission on our behalf. Even though the selling price is not as high as we expected, we still decided to sell it.
Let's hope that we can find our new place soon.
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