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Mark, your RIGHT choice
Propnex Read More

Hi,

Before deciding whether to accept the offer or wait for another buyer, I think there are a few important questions worth considering.

Firstly, how much lower is the offer compared to your expected price? Are we talking about $5,000, $20,000 or a much larger difference?

More importantly, how did you arrive at your expected selling price? Was it based on recent comparable transactions, your agent's market analysis or simply the amount you were hoping to achieve?

There is a difference between an offer that is below your expectation and one that is below the property's fair market value.

Secondly, what is your selling objective? Are you looking to sell within a particular timeframe, or are you comfortable holding on to the property until the right offer comes along?

As for the second interested buyer, interest alone does not necessarily translate into an offer. I would suggest following up to establish whether they are genuinely prepared to commit.

May I also know whether you have engaged a property agent to handle the sale? If so, has your agent provided a market analysis, negotiated with the first buyer and followed up with the second interested party?

A good agent should be helping to bridge the gap between buyer and seller, rather than leaving you to decide between accepting or rejecting an offer without sufficient information.

Sometimes, a small adjustment from both parties may be all that is needed to conclude a transaction.

If you could share the property type, location, asking price and offer received, I would be happy to provide a second opinion based on recent market transactions.

Geryl Lim
 9278 7772  Read More

Hi, I would compare the offer with recent comparable transactions and your required net proceeds, rather than your hoped-for price alone. Also compare the terms: financing readiness, completion date and any conditions.

Ask your agent to negotiate the gap with the first buyer and follow up with the second buyer for a concrete offer within a reasonable timeframe, while being honest with both parties. Interest is useful feedback, but it is not an alternative offer yet.

There is no guaranteed better price from waiting, so weigh the possible upside against your holding costs and moving plans. Avoid accepting inconsistent commitments to more than one buyer. What is the price gap, how long has the property been marketed, and do you have a sale deadline?

Silas Tan | Huttons | TRIBE
Free property guides and calculators: https://tribesg.com Read More

**Give the second buyer a strict 24-to-48-hour deadline to submit a formal offer while keeping your serious buyer warm and engaged—do not leave a committed buyer hanging in limbo.** In Singapore’s resale market, an active, ready-to-commit buyer with financing sorted is worth far more than an uncommitted prospect "still thinking."

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### 1. Run a Quick 48-Hour Two-Track Play

* **Acknowledge Buyer A Immediately:** Thank them for the serious offer and let them know you are reviewing terms with family and will revert within **24–48 hours**. Never go silent—serious buyers move on fast if they feel ignored.
* **Nudge Buyer B with a Hard Deadline:** Have your agent tell Buyer B honestly: *"We have received a firm offer and the seller is deciding by tomorrow evening. If you intend to offer, please submit your best price and proof of funds/IPA by [Time] tomorrow."* If Buyer B hesitates or asks for more time without numbers, they are not ready.

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### 2. Evaluate the Gap Beyond Just Headline Price

Before rejecting or countering Buyer A, weigh the real cost of waiting:

* **Holding Costs:** Every extra month unsold costs you mortgage interest, MCST/conservancy fees, and property tax—often **S$2,000–S$5,000/month** depending on property type. A 1%–2% price gap can easily disappear in 2–3 months of waiting.
* **Buyer Certainty:** Check if Buyer A already has an **In-Principle Approval (IPA)** or **HDB Flat Eligibility (HFE)** letter, no contra dependency, and flexible completion/extension terms that match your next move.

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### 3. Counter Strategically (Without Breaking the Deal)

* **Meet in the Middle or Trade Terms:** If Buyer B does not step up, counter Buyer A slightly above their offer—or accept their price in exchange for **favourable non-price terms** (e.g., faster completion, a 1–3 month temporary extension of stay if needed, or selling strictly *"as-is"* without touch-ups).

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Gan Eng Joo Onassis 颜荣裕, REALTOR®

MSc BIT (Middlesex, UK); BBA (UniSA)

CEA Reg No: R021244C | Mobile: (+65) 8889 9918 

Email: onassis@sgagent.com

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Good day to you.

It's important to recognize that there is rarely a perfect price when it comes to real estate transactions. The questions you should consider are:
a) Will you be restless if you discover that an unannounced offer exceeds the one currently on the table?
b) Will accepting the current offer force you to compromise your original plans?
c) Are you certain that expressions of interest mean there's a legitimate offer? Could they simply be considering your property alongside another they are more interested in?
d) Are you able to wait for another offer if you miss out on both the current and the potential offers?

Navigating a property transaction can feel overwhelming, especially when it intersects with major life events.
With over 15 years of experience as a property consultant, my role goes beyond market knowledge — it is to provide clarity, structure, and peace of mind through complex decisions.

I regularly assist clients with sensitive and non-standard situations, including:
• Divorce & Asset Settlement — guiding parties toward fair, practical outcomes for shared properties
• Intestate & Estate Planning — helping families navigate inherited property and future planning with confidence
• Complex Property Matters — including cases involving Lasting Power of Attorney, bankruptcy, or special circumstances

If you’re seeking clarity rather than pressure, I’m happy to have a conversation to understand your situation and outline possible next steps.

Mike Lim
CEA Reg No: R026708F | SN Real Estate
WhatsApp: 96929209 
Email: m52i@yahoo.com

If you’d like short, educational breakdowns on common property questions, you may also find these helpful:
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