therat

after i come across a low floor unit, non-lift level. original condition. asking 80k. suddenly i feel those 30k to 40k skin not that champion

i encounter this case. seller insist on 60k COV. beginning like advertise every week. 1mth later. Still available. Seller agent smoke other agents. By telling lies to other agent. 1st lie, this unit is just out for marketing, 2nd lie, valuation not out yet. 3rd lie, VTO. When agent bring their client (buyer) to view that unit. Valuation report is there and done 1.5 mth ago. asking 60K. Since that day, the seller agent advertise everyday.

this one not so bad Had cases, owner come back home. whole house furniture disappear if this happen, then need to worry next. ah long

get a good lawyer is very super important. cheap lawyer fee does not mean it is good. even lawyer from the bank panel does not mean they will not screw up. want to save few hundred, in the end. MORE HEADACHE

or a screw up lawyer also can make you lost the 1% If they forget or miss the timeline to sent in the OTP to the seller lawyer hand. That's it. 1% bye bye. On top of this, you need the pay the cancellation penalty for the bank loan (est 1.5% of the loan amount) + all the craw back. die even faster

then this is no longer AIP. This is a formal application for Bank Loan. Letter of Offer. Did u check all the T&C. interest, benefit. craw back?

let me think . (think harder) I apply for bank loan before sign/exercise OTP. I sent in OTP together with the loan application. Then upon receive Bank LO. Sign LO before I went down to lawyer to sign the OTP. That's what I had done. How to sign OTP w/o a bank loan confirm 1st?

are you your agent 1st customer? Don't believe it come from a property agent mouth

add on the pre-qualification, the banker will ask very general question 1. combine salary 2. any loan existing - car loan, home loan, study loan, reno loan, etc The banker will base on the above , give an est est amount that you had loan. But don't go to the extend on it. give some tolerance. But when finial application, the banker will run a don't know what check. will see you had any debit with tha bank. Even cashline also count. My banker told me, some time too many cashline account also not good.

bank will only do an est valuation. If you want an actual valuation, i think last time someone told me is around 600 plus BTW, different bank will give different valuation. Get AIP 1st before you sign any doc

"4% will be payable after the exercise of the option to purchase" ==> nomally 4% is payable at the same time the OTP is excise. That will be 2 weeks after i sign the OTP and decide to exercise the option after getting loan from bank? ==> Wrong. sign OTP is = to exercise the option. where got 2 wk after After u offer 1% (Offer to Purchase) to the seller. If seller accept ur offer. Will issue OTP which will lapse in 2 week time. Buyer need to excise this OTP within these 14 day include sat/sun/PH. Prefer to get bank loan approve before excise the OTP. These 2 week, u need to decide which bank loan to take up. Then either get your prefer lawyer or any lawyer from the bank panel Go down the lawyer, exercise the OTP infront of the lawyer Issue CHQ of 4% and stamp fee. Then when I get my bank loan, can I request them to include this 4% in their bank loan so I have upfront cash to pay? ==> NO. Bank loan is base on valuation or purchase price whichever lowest. Eg. Bank valuation this condo 700k and you purchase it at $750k. Bank will only loan 80% of $700k not that $750K So, the max bank loan is 560K. The balance 190k u need to pay by cash Then when do I pay the 15%? The balance 15%(cash or CPF) will be pay on the completion date If the buyer for my HDB paying me COV, when do I get this cash? On the 2nd appt? don't know since you say the agent is your husband friend. Did you ask him the same question you had post? Can he answer all your question. BTW, just for your information. Buyer for Private property don't need to pay commission. If ur agent try to ask for commission for the condo, I think time to change agent.

u are not very kind. wait until ppl throw away your letter than you will know.

don't say you don't know when you got caught ignore is not an excuse

HDB only check for illegal reno. Not checking the condition of the unit. They are not QC department. You go after the wrong guy.

it is illegal. U need to meet the MOP or else if HDB found out. Worst case, HDB will take away the flat Or you will pay a fine.

can't advice on this. Better ask a qualified lawyer. May be you can check this "Legal Clinic Application Form" http://app.subcourts.gov.sg/show_form.aspx?fid=22483

sorry to heard this. found some FQA abt the process http://app.subcourts.gov.sg/family/faq.aspx?pageid=3688

not sure abt EC but for condo, that is standard just curious. what kind of lead time you are expecting? After exercise OTP, next mth will receive the key? Even HDB also not that fast If today exercise OTP, 1st appointment est 12 Nov. 2nd appointment will be another 1 mth. 12 Dec. That is 13 week after OTP exercise. U exercise such an important doc w/o reading it?

u mean after 2nd appointment. they extent another 12 wks or after exercise OTP, 12 week to complete?

selling price -(Amount use from CPF + interest + balance loan) Any balance will be cash to owner

unless HDB tell the owner to revoke back. Anything that hack w/o HDB approval, need to revoke back. Eg, u saw this house, like the floorplan. Exercise OTP. HDB sent officer come down for checking. Spot anything against HDB rule. HDB will ask the owner to remove it. Owner had to remove it Or else cannot go for 1st appointment. If happen , the thing that HDB ask to be remove is sth that you want or like. Then too bad. YOu had to take it. You cannot say you don't want to buy this unit anymore.

cannot must be above 21 yrs old. www.hdb.gov.sg read under Home Seeker. It has spell out the rule and requirement.

if hack away a room. 4rm flat become 3rm flat. Don't think it will affect the valuation but will limit the buyer who are upgrading. during house searching, saw a 4rm flat that turn a room into walkin wardrobe. 1 buyer ask the agent, where is the 3rd room. agent close the door that separate the masterbed room and the walkin wardrobe. and reply. here, 3rd bedroom. then buyer ask again. need to pass by masterbed room? agent reply, then u knock away that wall lor (which the wardrobe is build.) if u plan to stay long, don't make any different but if u plan to sell in future, it restrict the group of buyer

can trade flat?

correct. Need to declare the rental income unless you want IRAS to treat you coffee For private property, almost 100%, all had done the E-stamp to legalize the tenancy agreement. U want to avoid? Can teach me, how? Private don't have that MOP like HDB. Don't confused HDB with tenant and private with tenant. HDB had set of rule to follow, like MOP. Private don't have such rule. HDB tenancy agreement is with the old owner. Private tenancy agreement can transfer to new owner.