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In the first place, did you engage any agent if you are looking for someone to take care of buyer interest? Whether there is a law or not in this case to protect buyer interest, you will also need to spend professional fees to engage a lawyer to claim against either the seller or agent if you wish to claim any damages based on the law that protects buyer.

If you have already entered into the Option To Purchase and you are unsure whether to proceed on with the purchase now, you can try checking with the seller for 1 more day time viewing before you exercise the Option To Purchase. If you are unable to do so and do not wish to risk further, then you do not need to exercise the Option To Purchase but will stand to lose the deposit you paid. Read More

Hi,

1) I was sweating when reading your illustration.
2) It would be good if you could arrange for daylight viewing rather than dependent on the yellowish dim light.
3) You are paying $600k, not simply buying vegetables in a market.
4) You are right that the seller's agent is protecting the seller's interest because the seller is the paymaster.
5) You have to understand that since you did not engage in any professional service from anyone, you will have to protect your own interest.
6) You may find that an agent's fee is not cheap and you could do all the paperwork yourself. Then you have to ask whether you read all the important notes on the option to purchase (5 pages) and all the terms and conditions (8 pages) listed in the OTP.
7) I would think this is the minimum that a DIY buyer should have gone through to understand their rights and what are they committing once offer the deposit.
8) Although it is correct that this HDB-prescribed OTP is a standard contract that both buyers and sellers have to accept once they are dealing with HDB flat buying and selling.
9) However, at least you know what you are committing and how you could protect yourself to minimize any disputes or hiccups in a transaction.
10) You also have to know that the important notes in this OTP highlighted that the HDB will not be implicated in the transaction, and the buyers and sellers have to bear all consequences if there is a dispute.
11) Both the sellers and buyers will have to engage their own lawyer to conduct mediation
session if there is any dispute.
12) And if that could not be worked out they will have to try to settle it through court.
13) You may consider engaging a professional service to conduct the house checks before committing to something you are unsure of.
14) Do note that you can't claim any damages from the sellers once you exercise the OTP. Clause 19 highlighted that the buyer is deemed to purchase will full notice and knowledge of the state and condition.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

If you want your interest as a buyer to be protected as well, then you should engage an agent too, isn’t it?

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More