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Inheritance and Legacy Planning

Asked by Sani 27 Apr 2011

My question is, I have just sign agreement selling my house and accept S$1000 deposit less that 5 days from a buyer.But now something comes up and we unable to sell the house.W can return back the deposit to the buyer. Can they sue us for this. Please reply as we are so desperate to know the proceeder.

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3 Answers

Previously Asked Questions

Mike Lim · Answer 1 · 2011-04-28T10:23:36+08:00

Mike Lim

Replied 28 Apr 2011

Morning,

I believe you are marketing your unit on your own. Once seller accepts the Option, they cannot back up. The only thing that you can do now is try to talk to your buyer, hoping that they will take back the cheque and agree to void the transaction.
If they do choose to pursuit the issue, I believe you have no choice but to proceed with the sales.
FYI.

Mike Lim
96929209
ERA Read More

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Choo Jia Ming · Answer 2 · 2011-04-28T11:19:45+08:00

Choo Jia Ming

Replied 28 Apr 2011

Dear Sani,

As your agent understand the whole picture, prehaps he is in the better position to advice you

You would like to work with someone who look after your interest and advice you accordingly

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732
Email: jiaming.choo10@gmail.com
CEA Salesperson reg. no: R026370F Read More