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 10% deposit use epf, for subsale unit

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oxm8
post Oct 29 2018, 09:50 PM

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QUOTE(bukechi @ Oct 22 2018, 10:26 AM)
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
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atleast ask for 1% as commitment fees cum earnest deposit

 

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