papbestdad

If you not renting, then why start this thread to ask? 1st ask lock one room can or not = illegal then ask rent one room = scared high electrical bills then now say don't want to rent = talk for fun

This type of agent wants to make 3% from selling a flat. Unethical. Even if you pay this 1%, it should be to the seller (as the agent job is to get the highest price for seller), and Not to get a price and pocket another 1% of the price himself. Already based on the above, you have a case of unethical behaviors from the agent. Write to forum, he sure die. Make sure the word "UNETHICAL" comes out big.

If he did his job and sold off your house, then pay him the comm for selling. There are some agents who prefer to just sell house, buying a house is very difficult nowadays, especially with the high COV for most units. Unless you had told him your COV is 50-100k,i am sure he will glady be serving you as a buyer and gotten you your dream home easily.

The location must be good (at the very least in your eyes), and if you love it then just go ahead with it. 15k for Central, even in very bad times it will still fetch at least 5k - 15k COV. GRAB IT.

You should ask your lawyer to make the tenant pay for your losses in agent commission. Anyway, which agent will spend money to do a legal search on any prospective tenant? What if a very-on agent do a search and paid for it using his own money and the landlord don't like the tenant face? Is the landlord going to compensate the agent? The person who is going out of his way trying to cheat you is basically just the tenant. When something goes wrong, the easier way to point the finger is towards the agent direction, don't you think? ( I wouldn't be surprise if landlord is also asking another 5k compensation from ERA because there is loss of rental income for one month)

A standard exclusive or commission form will have 2% stated for selling. If the 2% is cancelled and change to 2.5%, then you as seller will have to counter-sign beside the changes, which I think you did not. Anyway you are paying a standard 2% selling and 1% purchase, which is already very rare in this market of consumer bargaining about the agent's commission. Just write in to their legal department stating you want to terminate the exclusive contract due to the unprofessional attitude of the agent. Y I believe you can easily get some other better agent to help you.

You simply don't get what I meant. What did you verify? Did you ask whether it is ok that you had changed job and the information you submitted for the existing HLE is not the same anymore? Did they say it is ok? If they did, you better take down the HDB officer's name in case you have to VERIFY that you had check with this person before. It is not about "SUBMITTING OF HLE IF U HAVE ONE" on 1st appt. It is a fact you must have one before you exercise the option to purchase. Not "IF YOU HAVE ONE". And it must still be valid when the submission for 1st appt date is put up by yourself or the agent. If you dont change your JOB , then you got nothing to worry about. If you had CHANGED JOB, then the existing HLE is not valid anymore as your salary does not tally with the information given to HDB few months back when you apply for the HLE, so of course HDB will want you to re-submit or show proof of your income status to reconfirm for HLE (max loan amount) as soon as possible. You happily keep thinking that by calling up HDB to check now and they keep telling you it's ok, no need for a new HLE etc. But wait till 1st appt and see what you will do then. The HDB officer will asked you WHETHER you are still working for same company or not, and what will you answer then? Oh by the way, it is quite a well know fact that the information given by different HDB officer thru the phone can sometimes be not accurate as what is happening on the ground.

You will be asked on 1st appt whether your salary/job is the same as the one you had given to the HDB for the existing HLE. Of course there is no need for any salary/job details if it didn't change. If there are changes, they will have to re-asses your elgibilty for any particular loan amount again. So to play safe, I would suggest you bring all the relevant documents. If you choose to believe the easy way out, then good luck to you.

Wrong advice is useful? What if the TS got to 1st appt and then have to lie his way through> What if he is not prepare for this question and his new job makes him not eligible for HDB loan, is it better to realise now and think of something, or just listen to wrong advice? I am stating facts, not targetting anyone.

Are you sure? I am quite sure they do ask this question to every buyer who had applied the HLE before. Threadstarter better stop believing all these baseless statement by people who don't know much but act as if they know a lot.

As a seller, you should had check whether you can BUY before even you market your own flat. Now you cannot buy, does not means you can't sell or not obliged to sell since you already sign over the option. Like what I said, good luck to you. There is no such things as "no specific reason", glad we know what is your reason for being not able to follow through the selling now.

What u said is different from Threadstarter who give no specific reason why they just want to back out from selling, as below. What you don't know or assume it's correct is not the way the contract work. Give a call to any agent or the HDB and you see where your "suka suka" action will take you. If you don't want to sell, why do you bother to receive people's deposit and waste their time. If you did not sign at the "back of the OTP", the buyer will not have given you the deposit in the first place. Your "story" holds no water, some part of it must be "cooked up". If you really got no "special reason" for backing out, I do hope you get sue for your <<I dont care>> attitude towards the buyers.

Seller agreed on the price and sign the option to purchase. 14days is to let buyer decided whether to exercise or not. If seller decided now not to sell, he has every reason to be sue by the buyer. Good luck to you if you are the seller intending not to sell now. If the buyer doesn't exercised, you are safe. If they decided to exercise and you want to back out, they will tell you "NO WAY!!". Seller should be in a more prepared state to sell as compared to buyer who only got two weeks to think it through. What is your reason?

You think sell house so easy?!!

Go to bank, give them your CASH, or deduct it from your saving account from the particular Bank, tell them you want to issue a cashier order of $XX to ABC (Please get the name correct). Fees should be $5 -$10 for them to process the thing. Then they give you a piece of paper which looks like a cheque, with the person name and amount clearly stated there.