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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

David Wong Lai Kwong
Replied
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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