baileysGirl
Junior Member
- Joined
- Feb 2, 2007
- Messages
- 70
- Reaction score
- 0
Thanks Vinz, appreciate it.1. View House
2. Agree on price with seller and sign OTP, pay up 1k as first deposit
3. Proceed to request for hdb valuation
4. Valuation out, decide whether to go ahead or not. Assume yes, then go get a bank letter of offer ASAP.
At this stage u can let the bank people recommend you their panel of lawyers, or u can ask them to put your own lawyer on the Letter of offer. (advise is always get lawyer on bank and cpf board panel of lawyer, for ease of mind and no later hiccup)
5. Settle loan + lawyer etc, meet up with seller, pay 2nd deposit and confirm the deal. Buyer sign on page 8 of OTP.
6. Both side decide on a date to submit the deal to hdb.
7. Both side settle their own submission and endorsement to hdb.
8. Hdb acknowledge all documents received and give a completion date.
9. Buyer with bank loan make their prior appt with lawyers to settle their loan + conveyancing. This shld be way before hdb appt step 10.
10. Meet up at hdb to sign documents and exchange keys. (buyer with bank loan can bypass this step and meet at lawyer office as they can send a representative to hdb appt for u)
-vinz
I just read this! I'm taking a HDB loan. So lawyer is at step 4?! I already paid the 2nd deposit. I thought the conveyancing lawyer would be at step 7.... What do I do now?