Wednesday, January 13, 2010

HDB Flat: To Sell Or Not To Sell

Received an email from our tenant this week, asking if he and his co-tenants can extend the rental agreement for another year or two because they love our place so much and are so comfortable there.

First thought:
How nice! Of course, stay on, by all means. Couldn't find a nicer bunch of strangers to look after our place.

Afterthought:
But what happens if we want to sell?

J starts school in 2012 and I would really feel more financially secure if we dispose of the flat and bring some of the money over for school fees ($10K a year) and the added expenses of having two school-going kids.

More random thoughts, stream-of-consciousness style:

Should we ask the tenants if they have any plans to buy a flat and if so, would they like to make us an offer?
That would solve the problem of paying an agent to find buyers and go through the sales process, AND remove the burden of maintenance and upkeep as the flat ages. At least, the latter would no longer be our problem!
But how do we get a good price when the market for EMs hasn't moved in our favour?
We're looking at $450K based on sales statistics.
Not a very encouraging figure considering what we paid for it.
But we have to move on at some point and accept the possibility of losing money on the transaction.
How do we move our remaining possessions here at minimum cost?
And where will we store them?
Who should I get to draft the sales contract?
What if things go wrong because I didn't use an agent and miss out on an administrative procedure or two?
When is the best time to sell - 2011? Does the whole family need to go back to Sg?

More questions than answers.

I know the answers will come at the right time.

I just wish the path were clear RIGHT NOW and that someone Wise, Trustworthy and with our best interests at heart (God) would tell us CLEARLY what is step 1, step 2 etc.

Monday, January 11, 2010

Had a weird thought on my way to my first camping trip EVER.

The four of us spent a night at the Great Ocean Road Tourist Park @ Peterborough in a 3-man dome tent. Hubby had meant to add an element of luxury by bringing a QS airbed. Except the airbed kept deflating in the middle so only our heads and feet were well cushioned. Not much fun when you're awake in the middle of the night trying to go back to sleep and your sore tailbone is just one thin layer removed from the hard ground beneath.

Anyway, reflecting on the camp, I thought: this is my 40th year. How about I give myself a birthday present by making a commitment to do things I've never attempted before or have avoided doing in my life?

So for Jan 2010 - camping outdoors.

Feb 2010 - setting up a stall at the church monthly market.

And for the rest of the year...

Learn to cycle.

Get into swimsuit.

Volunteer to teach one term of Sunday School.

Rejoin the musos, but perhaps in a different capacity (worship singer?).

Haven't put together a list of 12 yet, but I'm sure it'll slowly come together.

Wouldn't it be fun to look back and say this is the year I really LIVED?

Wednesday, January 06, 2010

Building A Site With Professional Help

I have swallowed my pride and asked for help with my second web site.

The first site is tortoise-ing along and I will continue experimenting with it. For now, it's a real-life example of how NOT to build a site.

The second is meant to funnel traffic to my organics site.

Products first, business building later. I know the money is in recruitment but at this point, I just can't bring myself to invite anyone to join my team. I just want to get as much product out there as possible to all the people who are looking for natural health solutions and natural alternatives to OTC drugs.

The easy part is paying for the coaching service.

Now comes the hard part: working with my coach to decide which KWs are best, what my Most Wanted Response is (traffic and product sales), writing KW-rich articles that she can use.

By Christmas 2010, I should know if I'm on track to achieve an independent stream of income from ONE Group.

Brain Recharge

Just signed up to Singapore Law Watch for regular updates on legislation, case judgments etc.

After 4 years away from the law, it's very very hard to read through a judgment without giving in to the temptation to get back to more interesting pursuits like Facebook, YouTube and random surfing.