sorry but what does that mean ? can be more specific?

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Added on October 4, 2012, 12:59 amI have received 1% deposit from the broker out of the 3% deposit that the buyer paid. Does it mean that I will just need to return the 1% deposit back and thats it ? Btw its been 2 weeks and the loan approval is still not confirmed.

first time selling , so a bit noob ma.. but anyway the reason why i decided to keep it is because originally i wanted to get a landed funded by the profit from the sales of this property one. But now, due to some constraint tak jadi. That's why think of keeping it instead, else I will end up with no house

What's the constraint? Not enough dp or can't afford installment? What figure & area you looking at?

If not enough dp can buy low entry landed & rent house/ room for 2-3 year 

Post #14

He wanted move to landed but stuck with constraint mang 

but anyway, just to get some advise. If you have a condo that is at a good location with lrt and you wanted to get a landed now. Will you sell the condo off so that if will help burden off a bit the installment. or.. just keep the condo by renting it out, and get the landed at the same time

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Added on October 4, 2012, 1:34 am

and all this answer is telling me i should not sell off my condo. but i signed offer letter liao OMG, really need to compensate 3% ? Can I not just refund ? Can i not use the excuse that the loan after 2 weeks also not yet gao dim ?

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Added on October 4, 2012, 1:46 am

WALAO WEH 

dear all, i know its not good to do that. It's definitely not my intention to do so if i have a choice. i guess im just too noob in making decision for property.

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Added on October 4, 2012, 10:09 am

the offer letter that i signed indicated that i need to pay 50% of the full fees if the transaction is aborted after deposit is received and before S&P is signed.  I think i just need to take it as a learning fees.

tq recoil. So can i assume that if loan is not approved and S&P also not prepared after 15 days from the date of acceptance ,  me as vendor wanted to pull out, its reasonable for me to just refund the deposit without any compensation needed?

That is the case now actually.

just called my agent, and to find out today itself is the 14th day ( only working day is counted). So I can only pray that today the loan is still not approved then i just need to refund the deposit to the buyer and pay 50% of full fees to my agent instead of compensate another 3% to the buyer.

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Added on October 4, 2012, 12:37 pmhmm if the loan is not approved after 14 days and i decide to pull out, why do i still need to pay 50% compensation to the agent ... anyone can shed some light ?

sorry probably i wasn't clear enough. I am definitely going to compensate my agent, he is a nice guy and I appreciate what he has been doing.  What i meant is probably it doesn't need to be 50% of the full fees which part of it will go to his company instead of his pocket.