Buy First or Sell First? | Real Estate Decoded Episode 1 | Caline Leong

Video description from @propertylimbrothers

Introducing our all new series—RealViews, where our realtors will be sharing their… real views.

In our first episode, we have Caline Leong from PLB⁩ sharing more about the financial aspects of upgrading and exclusive tips to maximising your resources

What is covered in this video:
1.⁠ ⁠Property Market then and now
2.⁠ ⁠⁠What is the 3+3?
3.⁠ ⁠⁠HDB Selling Timeline
4.⁠ ⁠⁠Upgrading from a HDB to a Private
5.⁠ ⁠⁠Key Milestones in your HDB to Private Journey
6.⁠ ⁠⁠What should you do if you are intending to sell first?

00:00 - Introduction
00:28 - Property Market Then and Now
01:38 - Understanding the 3+3
01:58 - HDB Selling Timeline
02:34 - Upgrading HDB to Private Buying Timeline
03:43 - Milestone 1: Option
04:01 - Milestone 2: Exercise
04:24 - Milestone 3: Completion
05:35 - 3 Key Factors: ABSD
08:25 - 3 Key Factors: LTV
09:12 - 3 Key Factors: Completion Funds
09:46 - Summary: Buy First or Sell First?
11:58 - What Should I Do If I Sell First?

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Melvin Lim and Adrian Lim started PropertyLimBrothers with an intention to market each property to its fullest potential for home sellers and to solve the core problem of the conventional brokerage method with the PLB Team Model, with reverse engineering to add immense value to consumers.

From humble beginnings as Singapore prison officers in 2004, co-founders Melvin and Adrian ventured into the real estate industry in 2007 as traditional agents. With the property industry getting increasingly competitive, they knew they had to be different. In 2017, they started the first video home tour in Singapore with a presenter show and tell format, and have never stopped since!

‘Til date, PLB has crafted more than 1,500 videos on our YouTube channel since its formation. In the last 3 years, 720 of them were Home Tour videos. We have also successfully sold 516 properties in the last 24 months and helped 110 Home Buyers purchase their dream homes in the year 2021. We target the right audience, positioning each property in its truest and best form.

Since 2017, we have grown together with our audience, our clients and the real estate market. Our team has grown from a mere two people working in a small office to 105 full-time colleagues working hand-in-hand to provide our PLB 7-man Team Model to our extensive clients through in-house Media Production, Digital Marketing, Social Media, Inside Sales Consulting, Research, Insights, and Client Support.

In 2022, PropertyLimBrothers ventured out on our own under PLB Realty. Our newly established realty arm will harness the power of our existing media company to offer property sales, digital marketing, branding, research, and analytics tools on our one-stop online platform.

The tagline #RealEstateWithIntegrity lies within the heart of the entire team, as only through glorifying God in work and business, will our daily hustle be meaningful.

#LoveYourNeighbour as thy self is a commandment that should be innate for our marketplace. Naturally, excellence follows through this, while treating clients with love, integrity and care.

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