AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hello all,I am selling my flat and it is due for a final appointment on 5th May. However, my agent said that I will only receive my COV on the fianl appointment. Please advise. If I do not,can I withdraw from the sales?
0 •
665 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Mike Lim
Replied
Afternoon Ryan,

You will not receive your COV on the completion. If it's a positive sales, you will receive your sales proceed from HDB on completion date. Your buyer have already paid the deposit, in terms of Option and Exercise Fee. Who will fully pay out the balance before getting the product?

Regards
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted
Danny Teo 张雅裁
Replied
As OTP is a legal binded doc, thus no withdrawal without liability.
2ndly, whether any proceed or COV during completion date. do your sum as follows:
Selling Price - (Total CPF refunded + accrued interest + outstanding loan + deposit ($5,000).
You may know it whether any sale proceed for you. Good luck Read More
0
Upvote Upvoted
OHMYHOME PTE LTD
Replied
Experience the convenience of HomerAI by Ohmyhome, your one-stop solution for property success! Gain valuable insights, connect with qualified buyers, and streamline your selling journey with our intuitive DIY calculators. Plus, with our highly-rated agents selling homes above market price in record time, why pay more than 1% commission? Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions