Hi Maydev,
If you've decided to purchase the property that you like, you're required to come up with the 1% for the OTP. The OTP usually has a buffer period of 2 weeks where you have this time to consider the purchase, settle the bank loan and 15% CPF/Cash payment. If you do wish to go ahead, you need to come out with another 4% to exercise the purchase.
If your property cost more than $360k, the stamy duty will be 3% of purchase price - $5400. This amount can be paid with your CPF.
And finally there's the solicitor fees which usually cost around $2-3k that can be subsidize by the bank.
In private properties, there's no fixed commission paid to the agent. If you're a buyer, you need not pay him/her any commission unless you feel that he has done a excellent job, thus earning what he deserves.
If you're the seller, there's the usual amount of 1-2% that you need to pay to your agent. All dependable like i said, the work that the agent has done for you.
Hope the above helps!
Should you need any assistance or an agent who can go all the way in seeing to your needs. please feel free to drop me an email at clintonlimzj@hotmail.com. I'll be more than willing to assist you as much as i can.
Alternatively, i can be reached at
94523347
Hope to hear from you soon,
Have a nice day.
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