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Hi, you can still negotiate with the seller agent about the option fee by not paying again the 1k.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi;

Best is to revert back to your agent. The seller has no obligation to refund you back the $1k deposit. And also, you canot use this Valuation Report for your next OTP and you will have to redo the Valuation again.. Furthermore, there is no gurantee that the Valuation will turn out to be the same as the previous Valuation.. So best is to revert back to your agent and let your agent advise you. Hope this helps.. Cheers..

Regards;
Lyna Song
 96238442 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com
https://r025113i.propnex.net/ Read More

Dear sir/mdm,

In this circumstance, the original Option To Purchase where valuation turned out to be lower than the agreed price will deem to have lapse after 3 weeks from issue, therefore seller has a right to forfeit the $1,000 you have paid to secure the Option To Purchase.

If the negotiation has been done in good faith by the seller where they have agreed to issue a new Option To Purchase at the lower price based on the valuation gotten without additional terms and conditions, I personally feel that it is a bonus for you and you will need to reapply for a fresh valuation request based on the new Option To Purchase.

Otherwise, seller is not wrong to expect another $1,000 to be paid to him for the fresh Option To Purchase to be issued. Hope the above clarifies the situation.

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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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

It will depend on how you negotiated the deal in the first place. I have helped both Sellers and Buyers negotiated such a deal before.

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