Property agent question?

[chickenpiez007]

No

then you return back mean not selling anymore ma......what is the concern?

 

[Spike]

Pls take a photo of the cheque and OTP and complain to CEA. Ridiculous for a property agent not to know basic procedures.

 

[Readingbooks]

then you return back mean not selling anymore ma......what is the concern?

Accept the option fee means seller committed already. Only buyer can back out and forfeit the $1,000.

TS can ask the agent to date the otp now if not complain to the agency and say you will blow this up. Actually can the OTP be void since it is not dated?

 

[Ahboy069]

Accept the option fee means seller committed already. Only buyer can back out and forfeit the $1,000.

TS can ask the agent to date the otp now if not complain to the agency and say you will blow this up.

Paynow has date indicating 1/7 received $1000 mah…
Then the actual otp document later on how to write 1/7 cause the HFE is at least 8/7 considering next Monday …
Then option must be at least 8/7…
Agent must be thinking I ok to play this game with her …

I’m so urgent cause there a unit I want but because of this I’m stuck now

 

[Readingbooks]

Paynow has date indicating 1/7 received $1000 mah…
Then the actual otp document later on how to write 1/7 cause the HFE is at least 8/7 considering next Monday …
Then option must be at least 8/7…
Agent must be thinking I ok to play this game with her …

I’m so urgent cause there a unit I want but because of this I’m stuck now

I believe now the key issue is you need the funds from this property sale to fund the new purchase? If there is a unit you like, then you can pay option fee and ask for a longer option exercise period from the seller. This will match the delay from ur sale for the funds to transfer over. But of course you will need to pay higher option fee.

 

[Spike]

I believe now the key issue is you need the funds from this property sale to fund the new purchase? If there is a unit you like, then you can pay option fee and ask for a longer option exercise period from the seller. This will match the delay from ur sale for the funds to transfer over. But of course you will need to pay higher option fee.

There is no higher option fee for HDB. $1000 is max.

https://www.hdb.gov.sg/residential/...ion Fee is between,between you and the buyers.

 

[Ahboy069]

I believe now the key issue is you need the funds from this property sale to fund the new purchase? If there is a unit you like, then you can pay option fee and ask for a longer option exercise period from the seller. This will match the delay from ur sale for the funds to transfer over. But of course you will need to pay higher option fee.

number one option not exercise for selling my unit means I need to pay absd … if I need to pay absd may as well don sell hdb right …. I pay new unit 1% now if the sale of hdb not optioned by buyer in the end I lose at least 8000 …

 

[Readingbooks]

number one option not exercise for selling my unit means I need to pay absd … if I need to pay absd may as well don sell hdb right …. I pay new unit 1% now if the sale of hdb not optioned by buyer in the end I lose at least 8000 …

Absd can recovered if the property is sold within 6 months of your purchase? I am confused others said the option fee is 1k for hdb max but you mentioned 8k?

 

[papakecik]

number one option not exercise for selling my unit means I need to pay absd … if I need to pay absd may as well don sell hdb right …. I pay new unit 1% now if the sale of hdb not optioned by buyer in the end I lose at least 8000 …

Property agent here, difficult to best advise you because idk whats your plan. But if you have not signed the OTP then I don't see anything wrong with not selling to tha person. Feel free to PM me should you need any help with this

 

[DrAwkward]

Option to Purchase or Offer to Purchase?

 

[articland05]

just paynow back the 1k lor
drop black and white email stating ur reasons and also indicate you have return the money... if he persist go poh mata agent sure back off. he just wanna close deal and not deal with mata

 

[Capitalist]

Paynow has date indicating 1/7 received $1000 mah…
Then the actual otp document later on how to write 1/7 cause the HFE is at least 8/7 considering next Monday …
Then option must be at least 8/7…
Agent must be thinking I ok to play this game with her …

I’m so urgent cause there a unit I want but because of this I’m stuck now

Will the buyer be able to obtain HFE prior to expiry of OTP?

Most important question:

Is it mandatory for buyer to have already obtained a HFE approval prior to accept an OTP

 

[Capitalist]

Option to Purchase or Offer to Purchase?

OTP here probably refers to Option to Purchase, which is granted by TS, the seller.

And this is AFTER he has accepted the buyer’s offer to purchase.

 

[Capitalist]

just paynow back the 1k lor
drop black and white email stating ur reasons and also indicate you have return the money... if he persist go poh mata agent sure back off. he just wanna close deal and not deal with mata

Hahah .. if only life is so simple as simply ‘refund deposit and all is good’.



If so, what’s the purpose of inking legally binding contractual documents?

 

[articland05]

Hahah .. if only life is so simple as simply ‘refund deposit and all is good’.



If so, what’s the purpose of inking legally binding contractual documents?

but TS nv sign anything from what I read...is the agent ownself paynow 1k option fee to TS

 

[Ahboy069]

Absd can recovered if the property is sold within 6 months of your purchase? I am confused others said the option fee is 1k for hdb max but you mentioned 8k?

I want to buy private

 

[Ahboy069]

OTP here probably refers to Option to Purchase, which is granted by TS, the seller.

And this is AFTER he has accepted the buyer’s offer to purchase.

Correct

 

[Ahboy069]

Hahah .. if only life is so simple as simply ‘refund deposit and all is good’.



If so, what’s the purpose of inking legally binding contractual documents?

Haven even signed anything yo

 

[Sadisticnoob]

Return back the money , and wait for OTP to be signed before getting $

 

[Capitalist]

Haven even signed anything yo

That is not material here.

Cos the OTP is granted by you.

You have received the consideration.

Do feel free to ask around.

Only possible ‘loophole’ is why OTP was granted when buyer has not cleared HFE. Not sure if this will be an issue - if the buyer gets it prior to the expiry of the OTP.