Unless it is major issues, rather than look at micro view, IMO you should evaluate your purchase based on Property VS the price. Nothing cannot be solved with $$$ (almost).

If the purchase price is good and well below past transaction prices, not reason to dwelve on this issue.

Good luck.

12k sounds a lot, but if the house really a big serious problem like what you saying, 12k save you peace of mind, i think more worth.

unless u can take all the hassle of the house problem

maybe you can try to max up your commitment with bank, example: personal loan , then reapply the housing loan , do early settlement on your PL after bank issue a reject letter.

not sure the idea work or not

rare? always enforce min time to execute snp cant let ppl take me on ride

Try to talk to ownerlah..sometimes they might entertain, also you need to look at your booking form on what it said.. there is no "law" per se si you have to negotiate your way..also if you engage lawyer how much wud it cost you? In the end best to take it positively and ensure you dont make the same mistake in the future..in life you win some you lose some lor..what to do oso?

Hehe..yes if you are a seller..good to weed out the time waster also..but as a buyer you could get suspicious..i.e was there a dead body found in the house that the owner die die want to let go oso 😂😂😂

Can ts give excuse like yes the loan is pass but u dun wanr this bank because of bla bla bla.
And he was rejected by other banks?

You need check the letter offer you had signed , all ther T&C is there. sometimes we need follow T&C as you had signed, it also mention once you signed , it sold as "as it is" , do before signed, you need check very properly .
sometimes there is other way call " HELP "

Can not lah..the earnest deposit is there for a reason, that you are earnestly interested in the property..thats why its actually advisable to at least view the property three times, also you should bring along someone with experience as your second pair of eyes..otherwise use a very common excuse lah ..like you need to defer to your wife/husband/father/mother before making your decision..dont fall for all the selling tactics out there i.e must sign deposit now otherwise other people will sign etc etc..

Thanks for the tips, rush alwayd ended up adversely.
Lol some buyers signed spa for 2% discount.

You have to see your booking form whether the property is sold to you on as is where is basis, meaning you have to take the property subject to all defects. If yes, then too bad for you because once you paid the earnest deposit and signed the booking form you agreed to bound by the terms of it. Since you signed the booking form, they are entitled to forfeit your deposit if you don't sign the S&P within certain days.

You try to negotiate but most probably the owner or agent wouldn't refund your earnest deposit. They might just say after they accepted your booking they rejected other potential buyers and thus it is fair to forfeit your deposit.

This post has been edited by Ah SiAnG: Nov 1 2016, 10:40 PM

To be fair,
One must also look at seller pov.
Once the owner received the earnest deposit, the owner cannot sell to other parties already.

If every buyer act the same way by giving earnest deposit then after 1 month later decided to buy and cited those trivia matter, then seller wasted another 1 month and potential lose of opportunity to sell other party already during the 1 month loss.

Paying earnest deposit means one is sincerely want to buy the property already and tight up with the seller.

+100