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Dear sir/mdm,

How can we assist further in this case since seller is not willing to sell at that price you are comfortable at? For any transaction to take place, it must have a willing seller and buyer before anything else. In placing the option money to secure the Option To Purchase, there is still an element of risk involved in the valuation turning out to be lower than the agreed price, regardless on the amount of due diligence done in the lead up to offer made.

If seller is unable to come to an agreement in terms of price and you are unwilling to improve the offer to match the expectations of sellers, the only logical option is to move on to the next potential unit. Similarly, if seller missed out on your offer, their option is to seek out another buyer who maybe willing to pay some premium over the latest transacitons.

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Hi,
Just to let you understand the whole situation.
1) Buying and Selling is between 2 parties. You need 2 hands to clap. Thus if seller & your expectation does not match. You will have to move on to find the next.
2) You have to understand that once you agreed with the seller's price, and valuation didn't match seller's price. You will have to pay Cash-Over-Valuation (aka COV) using cash only.
And if you don't wish to proceed, your option deposit of $1,000 will be confiscated by the seller.
3) You may also nego further with seller to agree on valuation price only. The disadvantage is your buying process will prolong for another 21 days. However having said that, no guarantee the next valuation will be the same as the 1st. Thus there are risk you will have to bear. At the end of day, once you decide not to exercise after all the hazzle, you will still lose your OTP deposit. Kindly take note of the consequences.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://www.facebook.com/Homesellerbuyer/

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Hi,

Whether or not if there are any cash involved, will depend on the Valuation of the property.

Negotiation is an art, and a deal can only be struck when both parties have mutual agreement.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property upgrading plans.

Should you need require 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