This situation can be frustrating for your mom. Here's what she can do:
**1. Understand the Buyer's Situation:**
* While the buyer's agent might have mentioned downgrading, it's good to get a clearer picture. Is there a specific issue preventing them from getting financing or completing the sale?
**2. Explore Options with the Buyer:**
* **Extension with Compensation:** Your mom could consider a short extension (e.g., 14 days) with a written compensation agreement. This compensates her for the delay while giving the buyer a chance to resolve their issue.
* **Mutual Termination:** If an extension isn't suitable, explore a mutual termination of the Option To Purchase (OTP). This would allow both parties to move on without penalty (except for the option fee, which the buyer typically forfeits).
**3. Seek Legal Advice:**
* Consulting a property lawyer is crucial. They can advise on the legalities of the situation, including rights and obligations under the OTP, potential risks of extensions, and how to navigate a termination if needed.
**4. Timeline and Communication:**
* It's important to communicate your mom's decision to the buyer and agent within a reasonable timeframe.
* If the resale application deadline is approaching, highlight this urgency to emphasize the need for a swift resolution.
**Here are some additional points to consider:**
* **Reasonableness:** While buyers have some rights, so does your mom. An indefinite wait isn't reasonable.
* **Leverage:** The buyer is already past the standard HDB resale application timeframe, giving your mom some leverage in negotiations.
**Resources:**
* Singapore HDB Resale Application Process: [https://www.hdb.gov.sg/residential/buying-a-flat/buying-procedure-for-resale-flats/overview](https://www.hdb.gov.sg/residential/buying-a-flat/buying-procedure-for-resale-flats/overview)
* Law Society of Singapore - Find a Lawyer: [https://www.lawsociety.org.sg/](https://www.lawsociety.org.sg/)
Remember, this is not a substitute for legal advice. A property lawyer can provide specific guidance based on the details of your mom's situation.
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