Hi All,

First time subsales home buyer here, already received Offer To Purchase to purchase a property.

1. Seller in Singapore, I am planning to get bank draft of 15k.
2. Is it normal that Buyer Sign first and pay that 15k as 3% earnest deposit first to the agency (not agent).
3. and I should receive the Offer To Purchase letter without Seller signature for now (and I need to wait for Seller signature after I made the earnest deposit instead of instant signature?)

Just wondering if this is a normal procedure? and tbh how liable for the agency to refund shall under any circumstances that the seller decided to pull out before signing this Offer?

I have checked through the http://search.lppeh.gov.my/ and found the agency and REN name is registered too

Thank you sifu!

This post has been edited by lmaowtf123: Sep 29 2020, 09:44 PM

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This post has been edited by lmaowtf123: Sep 30 2020, 03:29 PM

thanks, very helpful indeed and appreciate it a lot.

Got my bank draft, and since the bank also take this matter seriously (Bank requests for my booking form and print out before issuing me a bank draft).

So I believe it should be safe for now then. Thanks!