If you want to know the psf for the unit you simply take the price divided by the size. PSF: $748,000 / 1399 = $548.96 psf. You should really consider engaging an agent.

To convert kilograms force to kilonewtons, multiply the kilogram force value by 0.00980665 or divide by 101.9716213. For example, to convert 1000 kg to kilonewtons, multiply 1000 by 0.00980665, that makes 9.80665 kN is 1000 kg.

Phoneme Segmentation Fluency

Per Square Foot

Note: PSF/PM refers to per square foot per month.

They refer to the type of models of the HDB flat with the numbers indicating the rooms while the abbreviation indicates the model. For example, 3A refers to a 3-room HDB flat ‘A’ model while a 5I series refers to a 5-room HDB ‘Improved’ model. Hi, it represent the model flat type and the size of floor area eg.

TL;DR: Only Buy as Much House as You Can Comfortably Afford

How to Request for Value of the flat?

1. Request for Value can be submitted by the Buyer or the salesperson they have engaged.
2. Use the HDB e-Service to log in using your NRIC no. and SingPass before they can proceed with the submission.
3. The buyers can check the status of the Request for Value via HDB Resale Portal.

If agreed resale price < (less than) hdb official valuation applied by buyer with valid OTP, there is no Cash over Valuation to pay. In this case, resale goes through with agreed resale price, seller cannot back out. Buyer can choose not to exercise OTP and forfeit option fee.

After the valuation has been received from the surveyor, the lender’s underwriter will have all the required information to come to a final decision and will then be able to provide a mortgage offer. At the point, the mortgage lender is willing to make an offer you will have it sent to through the mail.

If a seller backs out after having signed the OTP, the seller has to refund the option fee. Additionally, the buyer may bring about a claim against the seller for specific performance to compel the seller to carry through his obligations under the OTP.

If your client is the buyer, backing out after the OTP means they will likely lose the deposit. It’s possible to plead with the seller to get it back, but the seller is under no obligation to return it. The buyer can take them to court to get the deposit amount back, or to compel them to go through with the sale.

Backing out of a home sale can have costly consequences A home seller who backs out of a purchase contract can be sued for breach of contract. “The buyer could sue for damages, but usually, they sue for the property,” Schorr says. A seller often has to pay the buyer’s legal fees, as well as his own, says Schorr.

What’s next after the Option to Purchase (OTP)?

1. Procuring the OTP. After the price negotiation, the seller (or their appointed agent) proceeds to issue the Option to Purchase (OTP).
2. Selecting and securing the mortgage loan.
3. Exercising the OTP.
4. Pre-completion.
5. Completion of Sales and Purchase.

You are required to sign on the OTP, in exchange for an Option Fee from the buyers. The Option Fee should be between the sum of $1 to $1,000, to be negotiated between you and the buyers.

Either party can back out after the OTP has been exercised, but not without cost. If you (the HDB flat seller) are the one backing out, you’ll have to return the deposit to the buyer.

The seller doesn’t need this protection because, as the owner of the property, they don’t have any due diligence to perform. If a seller wants to back out during the option period, they’ll need another valid reason, such as the buyer failing to pay their option fee by the deadline listed in the contract.

A seller cannot accept another offer if the listing became “in-contract.” A home is “in-contract” after the buyer and the seller have signed the contract. The buyer needs to pay the downpayment at the time of signing.

Does weekends include in option period? No additional information is provided. Yes all days are considered in an option period. To extend it, you would have to have mutual consent from both the buyer and seller to extend the time frame.

The contract has yet to be signed – If the contract hasn’t been officially signed, a seller can back out of the deal at any time without any issues. If the seller doesn’t want to wait for the buyer to find another source of financing, then they are allowed to walk away from the deal.

Sellers can accept the “best” offer; they can inform all potential purchasers that other offers are “on the table”; they can “counter” one offer while putting the other offers to the side awaiting a decision on the counter-offer; or they can “counter” one offer and reject the others.

The seller just accepted your offer and you’re officially under contract. You need to connect with your real estate team and let them know you’re now under contract. This will get the wheels turning. Your Real Estate Agent will be able to walk you through the process of who you need to contact.

The appraiser will most likely know the selling price of a home. Therefore, the appraiser will most likely know the selling price of a home but this is not always the case. There are times that we have appraised properties for private sales where both the buyer and seller have declined to provide this information.