inix

I'm not sure about the ruling but since he played punk, why would you bother. I would contact the owner directly (probably pay them a visit the next night), explaining to them the situation, and then ask them if they are willing to sell to you, essentially, forcing the agent to sell, and NOT signing any documents which the agent provided stating that you'll pay commission.

Check with the companies lor.. Most offer differently. Some want you to buy it as a one-time insurance cash payout. Others is a yearly paying affair. All cash...

Insurance is a legal requirement. One will need to buy. The easiest method is to just buy HPS from CPF as it will be deductable via CPF. Do note that I strongly recommend both parties buying 100%. Some people might recommend buying 50% each, but I think thats totally unrealistic. When something happen our partner, the last thing we wanna worry about would be our home. Even 50% repayment when we suddenly have bills, kids and whatsoever to contend with will be a nightmare. Its not too expensive anyway, so why even take the risk? This insurance is also available from commercial players. Most of them offer similar terms, but they give the family an additional option of taking cash (As opposed to just paying off the house).

There is no real "minimum" option fee. It starts @ $1. I think the max was $1K. My agent paid $5 as the option fee when I told her I wanted to buy my house...