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hi all, want to check if the buyer want to cancel the buying of the flat after sign the otp, is it normal for the seller agent company to ask the seller to pay back half the deposit of $5k pay by the buyer back to their seller agent company?
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3 Answers

Hi Cindy,

If the seller appoints an exclusive agent to sell, in most exclusive agreements, the clause states:

In the event that the sale of the Property is not completed by the Purchaser for whatever reasons, one half (1/2) of any option money, deposit or sums paid on account of any purchase of the Property forfeited by the Vendor, shall be paid to the Agency subject to a maximum sum equivalent to the commission plus GST.

If I could further assist you in either selling or buying a HDB unit, do call me 9876 5130  .

Thanks

TC Tan
Senior Associate Director
DWG Read More
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WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : )

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
1

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