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Dear all experts,

I am the seller. I have signed the S&P. The entire process of sales and purchase has completed. I just want to know from the buyer point of view, will the buyer pay more than the amount stated in S&P? E.g. if the selling price is 300K stated in S&P, is there any reason that the buyer will pay more than 300K (e.g. 400k) to buy the property?

Best regards, John
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1 Answer

<en>David</en> <en>Wong Lai Kwong</en>
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No buyer in the right frame of mind will pay the Seller more than what is agreed as the purchase price.(Not necessary the SPA price). However, I heard of buyers who are willing to pay good price but requested a lower SPA price and pay the difference separately. Possible reasons, buyer pay less stamp duty or no appropriate income tax to substantiate the purchase or reasons unknown. Read More
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  • JQ
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    Dear expert, Thank you very much. If like what you said, can I take the legal action against the agent with the evidence? John.

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