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I have a weird question to ask. I have offered a price for a HDB 4 room flat. Is it normal for the agent and seller to ask for CASH for the S$5K downpayment ? I am willing to give a crossed cheque in the owner's name but they have alot of excuses like no valid bank account, cashing in will take 2 working days, he has to fly out of Singapore on business etc etc. I find this very fishy and suspect. I am only willing to give a cheque as i find this very suspicious. What do you think ? Any opinions ?
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4 Answers

Nope, It is not normal. Most of time, the option fee is in the form of cheque. If you find it fishy, it would be better to skip this unit. Regards Aaron 97308455  aaronchong2774@yahoo.com.sg Read More
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Afternoon, Since you have decided to give the offer and ink the Option, it would be good to check the seller's ownership status. Option fee should not be more than $1k and exercise fee should not exceed $4k. You should only exercise after getting your loan documents ready at hand. Do your necessary check before moving forward. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
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Dear buyer, The most important thing has been pointed out by Mike. You have to check up on the ownership of the property you are putting up the offer for and reference against the ID documents of the seller. That being done, once the Option To Purchase has been issued to you, it is legal binding on the seller portion to not sell to others or withdraw from sale within the 21 days cooling period. You are right that giving a cheque is a safer option but do also consider that if this is the only choice unit you have shortlisted and cannot do without this, perhaps you need to weigh out the options accordingly. Up front payment will be a figure no more than $1,000 to secure the Option To Purchase and an amount not exceeding $4,000 to be paid when you exercise the Option To Purchase. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** ARE YOU FREE 21st May?? Watch out this space for more landed homes deals!! More than 50% units sold @ Royal Wharf, London. A new prime waterfront township in central London awaits your attention. An excellent opportunity for investment in an ideal location. Studio units are almost sold out!! https://www.facebook.com/media/set/?set=a.372619176213358.1073741861.284747148333895&type=1 Call us to find out MORE! Read More
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
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