Asked by CHTan
Hi Can someone help me understand The Process and Schedule for payment when buying Property. I am getting Mix Messages From Different Agents.
Here's what I gathered
1) Option to Purchase = 1%
2a) In 2 weeks Exercise OPT = 4%
2b) When Exercise OPT Pay Stamp Duty Also
3) Pay agent Fee before Transaction begin
4a) Begin Transaction pay remaining 10% - (1+4)% of deposit [90% Loan]
4b) Pay also all Above evaluation
5) Take about 3 months to complete transaction of the home. For Key Collection.
Doubt..? WHY all payment is done WAY before the final completion date?
Here's what I gathered
1) Option to Purchase = 1%
2a) In 2 weeks Exercise OPT = 4%
2b) When Exercise OPT Pay Stamp Duty Also
3) Pay agent Fee before Transaction begin
4a) Begin Transaction pay remaining 10% - (1+4)% of deposit [90% Loan]
4b) Pay also all Above evaluation
5) Take about 3 months to complete transaction of the home. For Key Collection.
Doubt..? WHY all payment is done WAY before the final completion date?
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