I bought my first apartment on 22nd August 1995 as a single girl at age ………(*calculate calculate* Writing blog posts is fun. It helps me remember things). Hmm… lets see…….. at the ripe old age of 29. (If you do your math, now you know why I need help remembering things!)

I bought the apartment for my dad and I to stay before we overstayed our welcome at my brother’s house. I don’t think my sister in law would be very happy to have her father in law and sister in law staying with her permaneantly. I don’t blame her and I think its natural for her to feel that way. When you get married and move into your new home, its more fun to start off with just you and your spouse instead of having the in-laws stay with you.

At first we had been staying at a rented house which my elder brother took over after dad retired. After a while big bro asked for rental because he said I was a working adult. I was about 22 at the time. After he got married and moved to his own new home, he kindly invited dad and I to join him. We did for a few years (I paid him rental but not dad of course) until I bought my first apartment.

So thats the brief history of why I bought my first apartment. I decided to buy instead of rent because I thought it made more sense that way. I had worked a few years by then and had enough savings to pay the deposit. I thought that servicing the housing loan for my own home would be much smarter than paying someone else to service theirs by renting.

Other than that I didn’t have any financial sense or financial plan at all. In fact after a few years, due to rising interest rates, I owed the bank more than what I borrowed. LOL! Still buying rather than renting turned out ok for me eventually. I didn’t make a profit from selling but even at break even its still better than paying rental which goes poof in the air.

Next I’ll talk about my experience in selling my own apartment without using any agent.

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