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 10% deposit use epf, for subsale unit

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TSbukechi
post Oct 22 2018, 10:26 AM, updated 8y ago

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hi, is this trend ok?
my grandpa selling their home, but this potential buyer dont have enough money to cover the 10% initial payment from the total selling price.. he say that after get snp he will withdraw the 10% and give it ...

is it an ok way to sell?

any counter safety measure can be taken?

the buyer look honest people btw , trying to help him to buy the property in the same time need to protect my lovely old grandpa cool2.gif
TSbukechi
post Oct 24 2018, 10:16 AM

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Junior Member
409 posts

Joined: Oct 2018
i hope they can just get 10% and loan approved ..
once that done and the ball start rolling.. seller and buyer can go separate way already

usually find out.. they dont have the cash to buy but can commit on monthly pymt to bank...

 

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