Frequent Asked Questions (FAQs)

1. Can I sell my HDB flat during the divorce process?

Yes, you can sell your HDB flat during the divorce process, but both parties must agree to the sale and meet HDB’s eligibility criteria. The proceeds will be distributed according to the divorce agreement or court order.

2. How do we handle joint home loans when selling our property due to divorce?

Joint home loans need to be settled as part of the property sale process. The proceeds from the sale can be used to pay off the remaining loan amount. Any remaining proceeds will then be divided between the parties according to the divorce agreement or court order.

3. What happens if my ex-spouse doesn’t agree to sell the property?

If your ex-spouse does not agree to sell, you may need to seek legal advice or mediation to resolve the issue. In some cases, a court order may be necessary to compel the sale of the property.

4. Who pays the mortgage while the divorce is being finalized?

Typically, the mortgage continues to be a joint responsibility until the divorce is finalized and the property is sold or transferred. The specific arrangements can vary and should be outlined in your divorce agreement.

5. Can I buy a resale HDB flat after selling my existing one due to divorce?

Yes, you can buy a resale HDB flat after selling your existing one due to divorce, subject to HDB’s eligibility criteria for divorced individuals. This might include waiting periods or other conditions.

6. What if I want to keep the house after the divorce?

If you wish to retain ownership of the house post-divorce, you may consider options like buying out your ex-spouse's share. This process involves agreeing on a buyout price and possibly refinancing the mortgage under your name

7. How do we split the proceeds from the sale of our property?

The division of proceeds from the sale of the property is usually determined by the matrimonial assets division agreed upon in the divorce settlement or court order.

8. How long does it take to sell a property during a divorce?

The time it takes to sell a property during a divorce can vary depending on the market conditions, the property’s condition, and how quickly both parties can agree.

9. What should I do to prepare my property for sale during a divorce?

Preparing your property for sale includes decluttering, making necessary repairs, and possibly staging the home to make it more appealing to potential buyers. I can provide personalized advice to help make your property more marketable.

10. How can a housing agent help in selling a property due to divorce?

A housing agent experienced in divorce sales can navigate the complex emotional and legal landscape, mediate between parties, market the property effectively, and ensure the sale complies with all legal requirements, aiming for a smooth and efficient transaction for both parties.