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Home Buying

Asked by Anonymous 24 Oct 2019

Can i pay 3% down payment only and waive 7% down payment if owner agreed? the 7% will disburse to owner together with the 90% balance payment.

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David Wong Lai Kwong · Answer 1 · 2019-10-27T14:56:32+08:00

David Wong Lai Kwong

Replied 27 Oct 2019

If only it is mutually agreed by the Seller. However, please bear in mind that the 3% has to be retained by the lawyer and paid to Dept of Inland Revenue for clearance of Real property gains Tax (RPGT) upfront so it is very unlikely the Vendor shall agree because he will not be retaining and deposit as security on the purchase. Read More

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Marilyn Khor · Answer 2 · 2020-05-06T15:15:07+08:00

Marilyn Khor

Replied 6 May 2020

Greetings from Ohmyhome Realtors. We are able to assist you on this matter. For more information, you may contact or whatsapp us at 019-2665593 Read More

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