BUYERS have all the right to know the price of properties in advance before agreeing to site visit.
Below are some helpful tips for real estate buyers.
• Always insist for the price before viewing the property for you to find out your eligibility.
• Never sign any agreement in haste on real estate matters. Always seek second opinion, if in doubt.
• You may end up paying higher price for properties without finding out the cost first. If you do not do this, it becomes too late because you may have already executed certain documents.
• Also visit your financier for loan eligibility or seek advice.
• Above all ask for approved building plans and completion certificate.
• Try to secure best finance available from various financial institutions. If in difficulty, we can arrange it for you in accordance with your contributions and income.
• Never agree to buy a property by looking at the pictures. Inspect it physically.
• Always ask for the agents licence issued by the Real Estate Agents Licensing Board. If the service provider is unable to produce his licence report the matter to the relevant authority.
Sales and purchase agreement
There are a number of terms and conditions in the sales and purchase agreement which both the vendor and the purchaser must follow.
If either party breaches the terms and conditions of the stamped sale and purchase agreement there are certain conditions which either party can rely on.
Forfeiture of deposit
No agent or lawyer has any right to forfeit deposit or refund deposit unless firm instructions are given either by a purchaser or the vendor.
