oasis_lim 0 Report post Posted January 31, 2009 How do we put our option exercise? and how CPF and HDB deduct the money? For this, how much percentage commission should I give to selling agent? Share this post Link to post Share on other sites
Diavonex 0 Report post Posted January 31, 2009 Option to Purchase is prepared by Seller's agent. http://www.hdb.gov.sg/fi10/fi10203p.nsf/WP...ns?OpenDocument Share this post Link to post Share on other sites
pinkpetter 0 Report post Posted February 1, 2009 mm it's legal as long as you report your actual purchase price. It's illegal if you buy below valuation but report at valuation and get cash back from the seller. Everything else should be the same ah.. mm Share this post Link to post Share on other sites
mrspiglet 2 Report post Posted February 1, 2009 OTP involves a deposit usually given up to max $5k to exercise the option if COV is >= $5k. But in the cases when COV = $0 or selling below valuation, agent will ask to put a small small sum (e.g.$50) to exercise the option. In ur case, it is legal if u report the true selling price. HDB will not question much unless it is a lot lower than valuation price. Agent fees for buyers r usually 1% of selling price, irregardless of selling below/above valuation. Share this post Link to post Share on other sites
