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What Happens When You Inherit A HDB Flat? Death is never an easy topic to talk about. But in such cases, there are always legacy-related problems to deal with, no matter how uncomfortable or troublesome. One of which being the passing down of a HDB unit after death to a relative, loved one or next-of-kin. Recently, I helped 2 siblings handle an executor case. Their sister passed away more than 10 years ago, and stipulated in the will that the flat can be sold after her child hit the age of 30 and with a house of his own. My clients were unsure of the sales process, and the legal documents required. Understandably so. Such cases are rarely discussed and infrequently handled even by experienced agents. However, I have helped other clients in the past with such executor cases before. So they definitely made the right choice when they contacted me for help! Even with my prior experience, the amount of paperwork and legal documents required took plenty of time to assemble. Not to mention the usual process of finding a buyer at the right price. Finally, after more than 9 months, everything came together and the flat was sold according to the will of their deceased, at an above-market price. The two siblings are finally able to act in accord to their late sister will I had help the beneficiary in buying their own home (which I’m helping them to do as well) even before the sales of the inherited flat. In case you’re wondering – Can you buy a property if you inherited a HDB? The answer is yes. However, if the inherited unit is now in your name, you will be subject to regulations should you decide to buy. This is just one of the many possible options for those who inherited a HDB unit. I understand that the options can seem complex, and many may be confused over their best course of action. So let me help to simplify things. Drop me a DM if you’re in such a situation, and I’ll help to plot your next property step for you! ** If you(beneficiary) happen to see this I wish you and your young family all the best in future endeavor. Click on the link below if you would like to understand more on how executor/administrator transaction is being process ==> https://jefftan-propnex.com/selling-your-hdb-flat-after-the-owner-passes-on-executor-letter-of-administrator/
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