Asked by Anonymous
Dear all, I urgently need help, recently i have done my valuation of the resale flat. The result out and the valuation amount is higher than the agreed price on the otp. For e.g price on otp $370k, evaluation amount is $380k. Seller's agent claim that its a negative sales and it involves a lot of complications with the cpf board eg. return the sums difference for this sales selling below valuation. first question, is it even the buyer's problem? Now seller's agent is trying not to proceed with the otp. And the agent gave me 2 options: 1. Do up a new OTP with new selling price of 380k and a new evaluation.
2. Ask me to choose not to excise the option and lose my option fee.
second question: what should i as a buyer do?
Last question: Is the seller's agent being dishonest and be liable for legal actions?
2. Ask me to choose not to excise the option and lose my option fee.
second question: what should i as a buyer do?
Last question: Is the seller's agent being dishonest and be liable for legal actions?
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