5 Answers

YT Tan (陈永达)
Good afternoon LL,

a contract is deemed invalid once there is no consideration (money).

Perhaps you can check with buyer again, maybe he/ she forgets to maintain sufficient in that account for the option fee.

If not, you will have to search for another buyer (current buyer decided to back out, you wont get to forfeit the option fee).

Hope my explanation helps!

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Hi Gan, in your case perhaps your agent could contact the buyer to find out what's wrong and just pick up another cheque will do cos no buyer would be so free to waste their time to go viewing and then issued a bounced cheque on purpose.

Regards
Aaron
 9730 8455 
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Hi Gan,

The contractual relationship will only be valid when there is a consideration in this case is the option fee. If the cheque bounce, it simply means that the OTP is not valid and therefore you can either check with the buyer whether she wants to issue another cheque or you may void the OTP look for another buyer immediately.

Please feel free to contact me if you need further clarifications!

Regards,
Nick Tan
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B.Eng(Chemical)(Hons)(NUS)
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WhatsApp me at: ABLE Toh (65) 9856-9255  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) 9856*9255 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) 9856 9255  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 ” Read More
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