lovenestinjw

Thanks therat. I get a better understanding now Sat was a frutiful one. We viewed this hse and everything fit into our requirements, best thing is COV is much lower to the other hse we liked first, this allow us to stretch our reno budget We gave the seller 1K & rec'd the OTP, now hope everything go smoothly. However.... last night, the first hse agent called us... the seller finally accepted our COV... haiz. Bento: How is everything going for u? Buyer still doesn't want to pay for val report?

CTN: as HDB webby, buyer is to check their HLE eligibility b4 exercising OTP. Dunno if ur 5K will be forfeited? maybe u can appeal? Seniors here can advise better.

How we wish we can meet seller like u. Hb juz agent if we r able to give in what sellers r asking, we want to place option & exercise OTP by this weekend. We don't want to join their "bidding" game while seller tell us to wait for another week, giving excuses etc etc. Gotta learnt from experience: b FIRM.

U so nice sia, can give in to COV. The houses i viewed sellers all very hard on their COV. We dom balek, being sincere but kenna taken advantage:curse:

I don't understand, if val report is not out, how agent determine the val price? mean agent can re-issue a fresh OTP shld the amt be amended?

Gymrat76: What u said makes sense.. mean we can change the COV amt after placing option fee & OTP? seller muz also agree right? Sorry, am grey in this area. Bento: All sorts of funny type of ppl ard. last nite, we told the agent we drop our offer, since seller did not honour their word n still wan to fish, will let go. Hb feels no integrity buying from such sellers. Later we are gg to view somemore, hope can get something we'll like and nice seller. Sidetrack a bit, i cldn't find my thread... what happened?

Agent said seller will get back on Sunday, hope agent bring us gd news but Hb is skeptical abt buying their flat liao. Meanwhile we will continue our houses shopping.

therat: Paiseh. I misread. Bento: They don't want to pay for the val report? Really kan bu kai. Normally i heard seller wanna re-val but ur case is unique.

Bento: Is ur agent following up the 4K for u? & what $500 deposit? they r to pay u 4K to exercise OTP. In my view, 2 opinions: 1) They r trying to lower the COV 2) They can't raise 4K and buy time to drag

therat: U did right by changing the letter box lock. Since they don't bother, who bother? If ppl treat me good, i'll rtn dbl. If ppl bully me, i rtn dbl also ;p. Seems this seller is still trying their luck thou we gave in so much. This seller's COV not 'friendly' either & we even offered 1K more coz want to deal, but seller is playing the numbers game. Mayb i shld give up this unit, with that kind of COV, can easily get a better house.

Bento: Read ur thread. Is ur agent following up the 4K for u? & what $500 deposit? they r to pay u 4K to exercise OTP. In my view, 2 opinions: 1) They r trying to lower the COV 2) They can't raise 4K and buy time to drag

therat: Nth done. I & hb wish we can exercise the OTP. Yes moving on with houses shopping in the meantime. Hb did talk to agent abt the extended extension if they need (provided reasonable) on condition to place option fee by tonight. Agent hasn't got back since. Seems like the sellers r not very sincere... We currently rent a plc so no prob for us if the seller need extension. Did ur seller honoured his words upon the 3rd mth extension & passed keys to you, did u charge him for rental?

therat: We firmly told the agent the COV we offered (more than what they asked). Agent reverted that seller said need to dicuss w/his wife & will get back to us. Agent got back but not able to close deal yet, agent said seller need to get a flat first thus scheduled them to go viewing on weekend. I feel seller is buying time, trying their luck to see if they can get higher COV.

We viewed a flat we liked a lot. Seller's COV is out of our budget but we gave in coz we want that unit. Hb and i discussed that we'll have a simpler reno since we maxed on the COV. When we went for 2nd viewing, seller keep coming up with excuses, we even up the COV by 1K and r fine with their request of 2 mths extension juz to deal asap, but they increase their COV by another 3K. I & hb were pissed, they did not honour to close deal at the COV they ask intially!