Hi Dario,

I have an appointment today for viewing a leasehold condo and the agent just ask me to prepare a 3% deposit for that unit.

So the money is ready and what document should i expect to sign on the spot and what else should i take note.

Thanks.

Hi Dario, i've paid 3% and sign the letter of offer but i decided to back out because all the while i was thinking the way it works is like 3% of earnest deposit first and 7% balance to pay on the snp signing day.

After that, its 90 days to preparing the 90% balance am I right? But the agent keep including another 10% from the loan amount and this made me feel so uncomfortable to proceed. Its like 10% plus 10% upfront already.

Is this normal? So i cancelled the deal and they forfeited the 3% and theres nothing much i can do about it right?
But i havent sign anything to cancel it.

Yeah the agent insisted us to pay the remaining 7% PLUS 10% from the loan amount upon signing the sap. Thats y i felt something is not right and i decided to cancel it. So now, im not going to proceed anyhow despite the agent agreed to take off the additional 10% from loan amount. Funny right? So Dario, is it impossible to get back the deposit anymore?