Asked by Anonymous
hi, im recently went through bad experience when purchasing a 3 room resale flat. I approached a unit at bukit batok recently, informing the seller and the seller's agent in the flat. so back then i hadnt do my research yet and wasnt unsure on the actual hdb process. So i offered S$310k to the seller. Seller and me discuss about it and as agreed, initial step was seller asked me to pay for OTP S$1000 deposit without thinking what's going to happen next. After i transfer the $1000 OTP deposit to seller, i get the OTP from the seller via the seller's agent and do the Intend To Purchase. So i do the fill up of the ITP and submit online. After 2 weeks, HDB came back with the evaluation price for the bukit batok unit which i intend to buy at S$280,000. So which means selling price of this unit is $310,000. Since the hdb evalutaion goes below the selling price, there's a difference of S$30000 i need to pay to the seller to top and match the agreed selling price. I was shell shocked and didnt know that the end result would came out like this. So seller ask me to pay the C.O.V but i dont have that much cash on hand, i negotiate with the seller to bring down to 1k, seller disagree and ask for the minimum for S$8k instead. So the buying process had to call off, and there's gone my hard earned money of S$1k for no reason. So therefore my questions are: a) can we as buyers know the hdb evaluation price of the flat before we proceed in paying the OTP deposit to seller because if we paid 1st, we might end up facing the same thing, which loss of our deposit to seller, and we in dilemma which we including seller's agent and sellers doesn't know the final HDB evaluation price for the unit we intend to buy at. No one cant predict the HDB evaluation price of any unit we see as it seems that the selling price of any HDB flat which was marketed , it wasn't the final selling price at all. b) As a buyer, can we negotiate the OTP(option to purchase deposit fee) with the seller and including the Exercise Fee as well, as im a serious buyer and based on my my HLE + CPF OA and First Time Buyer HDB Grant , my age, my occupation , i can buy any resale HDB 3 room flat. and i dont have much cash at all. Hope you guys can answer my questions and able to get a solution out of it.
1427 views
