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I am a Buyer and have given my Seller's agent a cheque for 1% of the agreed Sales price. May I know:
1. Is a scanned and signed PDF OTP legally binding in Singapore for Pte Resale Property?

2. What legal actions can I seek if Seller presents my cheque but fails to sign on the OTP?

3. What happens after Seller signs on the OTP? Do I need to engage my own lawyer to follow up to execute the Sale?

4. As a Buyer, what are the fees payable for Pte Resale Prop in Singapore?
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3 Answers

Steven Wang
Replied
hi
Do get in touch with me so that i can answer your queries more clearly.

regards

Steven Wang
EDMUND TIE & CO
khim.wang28@gmail.com
 +65 9169 5023  Read More
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Robbie Chen Chee Howe
Replied
Hi,

I can see that you're unsure about the resale procedures and fees involved. In this case, I think it would be unwise for you to DIY everything yourself.

You should really engage an agent to represent you in your purchase. Afterall, you do not have to pay any agent fees, and yet you can get someone to represent your interest and guide you through the entire resale procedure. So, why not?

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Mike Lim
Replied
Good afternoon,

As a buyer, you would need the signed Option so that you can proceed with the necessary procedures for the purchase. Without understanding the basic, it would be extremely risky to proceed with the S&P. I would advice that you engage an agent to assist you accordingly so that you can complete it with peace of mind.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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