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Hi. I am in the midst of selling my Hdb. The first appointment is in mid August. Had a call from the branch office yesterday that the case is withold till my wife disposes
Of her private property shareholding with her dad. The first agreement to do this was signed sometime back and the final paperwork and notice of iras transfer will only come after the Hdb 1st appt. if I were to delay the 1st appt, are there any implications to us as sellers from the buyers side? Kindly help.
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3 Answers

Robbie Chen Chee Howe
Hi Kesh,

The buyer's timeline may be affected. It depends on their housing plans. They could have sold their current place and need a place to stay urgently. This delay could jeopardize their plans.

Depending on what was agreed prior to signing the OTP, the Buyer may or may not seek some compensation from you. Also, both of you will probably need to book another first appointment date with HDB, where other problems may arise. Things like Buyer's Ethnic Quota for the flat etc.

Should you require further assistance, please feel free to call me at my mobile 9748 6305  . I will be glad to assist.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Afternoon,

Within the HDB OTP, it have being indicated on the maximum period that the transaction must be completed. Your buyers does reserve the rights to request for compensation based on the period of delay. This figure might be very high depending on how your buyers bring forward the case. Do consult your case with your agent or lawyer accordingly.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi Kesh, your buyers do reserves the right to sue you for a sum of compensation. So it is better to ask your servicing agent or lawyer for further advice on your next step.

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