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Hi Experts! I like to seek advice on the following matter about "Offer to Purchase"

1) I have listed my HDB place to sell hence waiting for the right buyer.
2) I have also shortlisted a condo and ready to offer. The condo seller is also looking for a new home and required 3 mths extension after completion.
3) Both parties are dealing with the same agent as we want the agent to help us have a smooth timeline from selling our place to buying the other place.

Here's the thing, how do we go about offering the price to the seller with conditions included such as we will need time to sell our place as we do not want to be pressured selling our place (yes we do prefer to sell our place first before we pay for the condo but at the same time we are not in the hurry to buy).

As a buyer, what are some of the reasonable conditions we should set along with the offering price for the seller? Eg: seller is willingly to wait till we sell the place. Is that a reasonable request? What is the reasonable period for "Offer to Purchase"

Please advise if I missed out anything.
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3 Answers

Mark Ng S W
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Hi ,Do contact me at 97970200  to discuss more on your plans and options.

Regards
Mark Ng
 97970200 
Propnex Read More
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Geryl Lim
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Your agent should be able to handle this transition if he or she wants to manage both sides. These are very typical scenarios we need to handle when managing a simultaneous sale and purchase deals. Alot will depend on sellability of your place (supply vs demand) as well as your price expectations. Understanding the ground market will be critical when planning the timeline required.

——

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
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Able S.K Toh
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Key Considerations:
Ensure your agent coordinates both the sale of your HDB and purchase of the condo to ensure smooth timing. It's also important to be transparent about your flexibility with the seller regarding extensions or other terms.
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