Asked by Ms. nicole chia
Anyone can advise what happens I'm not able to pay for COV? Will my 1k deposit be forfeited?
991 views
5 Answers
Hi Nicole,
If you choose not to exercise the OTP, yes your 1k deposit will be forfeited. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
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If you choose not to exercise the OTP, yes your 1k deposit will be forfeited. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews/
(Client's Testimonials) Read More
Good morning Nicole,
your $1k option money will be forfeited if you decide not to proceed forward with the property purchase.
Care to share what's the situation at the moment?
- Your Leasehold Ally, Freehold Tactician -
1) Like my FB page: www.facebook.com/yt.tan91115171
2) Just to share!
Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.
Click this now: http://goo.gl/Gg5pe3!
Join me on board towards a hassle free update on valuation now!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
Powerful Negotiators Read More
your $1k option money will be forfeited if you decide not to proceed forward with the property purchase.
Care to share what's the situation at the moment?
- Your Leasehold Ally, Freehold Tactician -
1) Like my FB page: www.facebook.com/yt.tan91115171
2) Just to share!
Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.
Click this now: http://goo.gl/Gg5pe3!
Join me on board towards a hassle free update on valuation now!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
Powerful Negotiators Read More
Hi Nicole,
Should you not proceed to exercise the OTP, your $1k deposit will be forfeited.
Nevertheless, I always believe an agreement can be reached if you're still keen on the flat, and the Seller is open to further negotiation to re-issue to you an OTP.
Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
Should you not proceed to exercise the OTP, your $1k deposit will be forfeited.
Nevertheless, I always believe an agreement can be reached if you're still keen on the flat, and the Seller is open to further negotiation to re-issue to you an OTP.
Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
Hi Nicole,
It seems like you are not familiar with the HDB regulations and procedures. It will be best to engage a professional to guide you along th way.
Do take note that valuation is to be done by buyer after both parties agreed on sale price and OTP is issued after seller receives $1k option money from buyer.
If the valuation comes out to be lower than purchase price and you are not willing to proceed with the purchase, just forfeit the OTP and let the OTP lapse.
Once you decide to proceed further with $4k exercise fee, it's a done deal. If you dont decide to proceed further after exercise, seller will have the legal rights to sue you.
Hope my explanation helps!
Perhaps you might want to share more with me so I will be in a better position to advise you further.
- Your Leasehold Ally, Freehold Tactician -
1) Like my FB page: www.facebook.com/yt.tan91115171
2) Just to share!
Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.
Click this now: http://goo.gl/Gg5pe3!
Join me on board towards a hassle free update on valuation now!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
Powerful Negotiators
No.1 team in Propnex Read More
It seems like you are not familiar with the HDB regulations and procedures. It will be best to engage a professional to guide you along th way.
Do take note that valuation is to be done by buyer after both parties agreed on sale price and OTP is issued after seller receives $1k option money from buyer.
If the valuation comes out to be lower than purchase price and you are not willing to proceed with the purchase, just forfeit the OTP and let the OTP lapse.
Once you decide to proceed further with $4k exercise fee, it's a done deal. If you dont decide to proceed further after exercise, seller will have the legal rights to sue you.
Hope my explanation helps!
Perhaps you might want to share more with me so I will be in a better position to advise you further.
- Your Leasehold Ally, Freehold Tactician -
1) Like my FB page: www.facebook.com/yt.tan91115171
2) Just to share!
Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.
Click this now: http://goo.gl/Gg5pe3!
Join me on board towards a hassle free update on valuation now!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
Powerful Negotiators
No.1 team in Propnex Read More
Dear Buyer,
Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com
Too bad if you have paid the 4K balance too. Total 5K, will be forteited since you opt to not proceed with the purchase.
Do not reply to this thread as we will not be alerted to any response posted on this thread. Get in touch with me via email or through my mobile.
I am contactable at 92222389 or onassis@sgagent.com / sgrealtor.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.
Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)
Featured Realtor Services recognition by SGReview.com and SGBride.com
Singapore Line : (+65) 92222389
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare
Singapore Professional Networks “SGProfessional.com”-
I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More
Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com
Too bad if you have paid the 4K balance too. Total 5K, will be forteited since you opt to not proceed with the purchase.
Do not reply to this thread as we will not be alerted to any response posted on this thread. Get in touch with me via email or through my mobile.
I am contactable at 92222389 or onassis@sgagent.com / sgrealtor.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.
Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)
Featured Realtor Services recognition by SGReview.com and SGBride.com
Singapore Line : (+65) 92222389
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare
Singapore Professional Networks “SGProfessional.com”-
I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More