JustMortgage

She most likely wont sue, but there is the possibilty of hardball during the completion process. 99% of agents would make the buyer sign the commission agreement form prior or at the signing of the OTP. The fact that she has means only that she forgot or is a newbie. Home buyers are not mandated to pay the agent of the seller as rules have changed. It has sort of become a de-facto standard of asking. comission is largely negotioable and there are people who pay 1% 0.5% no comission or just a couple of hundreds. TS if feel bad, can just tell the agent to negotiate a settlement on the commission payable to the agent's firm. Some people pay to agent straight a few hundred but there are risks involved when you circumvent the principal.

All involved people should check with HDB. We have assisted clients who had bought a BTO property but waiting for the property to TOP meanwhile they go ahead to buy a Resale HDB to stay in the interim and take a bank loan. The client(s) had checked with HDB who gave them the ok. Please read what I mentioned and what you are saying. Maybe you should get your information correct.

One can apply for a BTO. once approved and selected, look for resale flat ad take up bank loan. Generally, resale flat must be sold before the BTO flat is ready. Quite a few people have done that.

Many banks offer 90% loan. Interest rate higher only. Standard credit checks will apply.

Stamp Duty/Legal Feels can be paid by CPF. Assuming that there is a subsidy from the bank on legal fees. If you pay via cash first, lawyer will help you do reimbursement. Frankly, everything should be advised by the lawyer. =) Thats the reason for engaging one.

Apologies for the mixup. Purchase Price 312k Valuation Price 310k COV 2k 5% = 15.5k CASH 5% = 15.5k CPF/CASH Loan from bank 90% You need to pay 15.5k + 2 K = CASH After - 5k Deposit, 12.5k CASH is outstanding CPF = 15.5k Outstanding. Was in between things when I typed that out.

Stamp Duty can be paid by CPF. Others pay Cash first and claim via reimbursement from CPF upon completion.

310k : 10% = 31k You need to pay 31k + 2 K = 33K After 5k Deposit = 27k outstanding. of which 5% cash. 15.5k Cash + 2k Cash Therefore you need to pay 17.5k Cash - 5k Option = 12.5k Remaining CASH to be paid CPF = 12.5k Take a bank loan and ensure that LO is ready by 1st appointment.

Just a personal preference. =) The roads are narrow and winding + it's behind a eatery smoke and all that. The area is also home to nightclubs and hotels. For the PSF, I prefer other areas. Like I say, personal preference.

Near balestier? another "Mickey Mouse" project. Location wise not very ideal.

Gd luck for your case =). It seems unlikely he will send a lawyer letter from a civil suit point of view. too much hassle. On the company hand, they might think otherwise. then again. it's always a touch and go situation. best is can talk things through face to face.

The question being asked is in simplicity : "How to pay the COV for the next purchase?" As a real estate agent, you should be in a better position to answer this. We don't help clients to buy sell houses but having said that, the answer is "Complete the selling first and receive the proceeds." Thank you for your offer to refer a client to us. You can ask your client to call us or visit us via our website. We do not pay referral fees to real estate agents. We reward referrals and referrers with takashimaya vouchers as a token of our appreciation.

When in doubt always ask. Plenty of scams going around in an unregulated market. Hopefully the MND consultation paper will change things in the future.

If you are buying the resale flat with a bank loan, the CPF Housing Grant will be treated as part of your CPF fund. It can be used to pay for the CPF portion of the initial payment towards the purchase of the resale flat or to reduce the mortgage loan. Therefore your mortgage loan is $204,000.00

Using the Big Mac Index as a comparison would not be fair as the index measures the cost of a burger in a country as according to price/inflation/living standards which might not always be a fair indication of cost of living.