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I am selling my property. Buyer has to pay me a 1% option fee and then 4% when exercise option correct? The timeline for this is 2 weeks? After buyer exercise option to purchase, can they change their mind? Under what circumstances?

Cos I am keen to buy a next property once I have funds from my property sale.
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3 Answers

GAN ENG JOO ONASSIS
Hi,

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If you still have outstanding housing loan, it will not advisable to speed up the transaction of the property. As you need 12 weeks notice period to the bank to avoid penalty termination.

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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

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