4 Answers

Hi,

Firstly, let me clarify that it is not option fee but is called a deposit. Your option fee I$1,000) + your option exercise fee ($4,000) = $5,000 deposit.

The purchase price will still be $340,000.

Let's say you are taking a bank loan, your downpayment is 25 per cent of $340,000 which is $85,000. Since you have already paid the deposit of $5,000, you are now left with $80,000 to be paid for in cash and/or CPF.

Sincerely,

Mohamad Khalil

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YT Tan (陈永达)
Good afternoon Sir/ Mdm,

I think you might be mistaken on the terms.

option fee is $1k while exercise fee is $5k - option fee. Total option deposit is $5k.

$5k will make up into your $340k example. All cost and fees will be based on $340k instead of $335k.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Hi,

The option fee of $5k is the deposit for the unit, and will form part of the purchase price $340k. All the fees will be based on $340k (stamp duties, agent commission etc).

May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

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Ivan Ng Realtor
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Hi,

1) The option fee is part of the purchase price.
2) All costs and fees will be based on the purchase price stated in the OTP, which in your example is $340k.
3) Your loan amount will be based on the valuation value.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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