Since he comes to you with 'good intention' and your willingness to nego, give him the benefit of doubt.

After 'price' agreed, give him 1 week max to settle the payment, failing which you just proceed with the completion. Tell him you have a deadline to meet.

How he pays is not your concern and dont have to stress over it.

Meanwhile, your lawyer will cont with the legal paperwork.

Q1 and 3 are in conflict.

Are you refering to loan offer letter in Q1 ?

Anyway, all agreement can be 'cancelled' .... just pay penalty or compensation only  ..... including SnP.

A seller cannot force the buyer to proceed if he changes his decision to cont the purchase. The seller will forfeit the deposit as compensation.

Be diplomatic in your dealings with the existing owner as you require his co-operation to vacate the property after the completion of the auction process.

Thank you for sharing your experience. I heard numbers of stories about how ex owner destroy the house before the new owner manage to take over the property.

This is the thing that i would like to avoid. At the moment, he is having upper hand to the unit ( he has access to the house). So i would try as much as to avoid the conflict, which would result to my unit being destroyed by them.

Thank you for sharing your experience. I heard numbers of stories about how ex owner destroy the house before the new owner manage to take over the property.

This is the thing that i would like to avoid. At the moment, he is having upper hand to the unit ( he has access to the house). So i would try as much as to avoid the conflict, which would result to my unit being destroyed by them.

Yes i understand.

That's why i told you to play nice and wayang in front of him. Make him believe that you are on his side. and then, bam! Court order comes out ah, he cant even delay a sinle more day for eviction.

All police come he would have to leave the house right there and then. no opportunity to trash the house.

Yes i understand.

That's why i told you to play nice and wayang in front of him. Make him believe that you are on his side. and then, bam! Court order comes out ah, he cant even delay a sinle more day for eviction.

All police come he would have to leave the house right there and then. no opportunity to trash the house.

I read a similar news...if the tenant refuses to leave even with court order and police, whats next? Just curious.

I read a similar news...if the tenant refuses to leave even with court order and police, whats next? Just curious.

Luckily the thread starter has got someone like you to guide. Such a good idea

I've experienced it once without nobody to ask help from. Horrible experience. So just trying to help out our fellow friend here.

Thank you for sharing your experience. I heard numbers of stories about how ex owner destroy the house before the new owner manage to take over the property.

This is the thing that i would like to avoid. At the moment, he is having upper hand to the unit ( he has access to the house). So i would try as much as to avoid the conflict, which would result to my unit being destroyed by them.

As someone who bought an auction property and faced the same situation as yours 5 years ago, here's what i had experienced :

- He said he will buy back the house from me and required some time. I said ok but i will complete my purchase in the meantime.
- He sold me his sad story, naive me given him rental at my loan cost price while he said he will settle the maintenance but he didnt.
- 2 years later, he came up with all bs, bank problem, need 3 months statement, all yada yada just to delay time
- Missed rental for 3 months, I had to get rid of him, he start showing his true color
- Tried to con me into signing an SPA buying back the property at my lelong cost. He really think im that stupid.
- Long story short, after multiple sleepless nights dealing w him the hard way (police involved), i got the property back with some damages, arrears on the maintenance which i have cleared before, and of course loss in rental that i could have easily make a decent yield.

So, a few things that i would have wished i have done differently :

- Dont be gullible and buy into sob stories. If they cant stop the auction, means hailat dy what are the chances for him to buy back from u.
- I would have straightaway hire a lawyer and get court order. I know it would cost you 10k more, but its worth it. The trouble, missed opportunity, and the losses that you will incur trying to fix it yourself is not worth it. Been there bro.
- I wouldnt even choose to meet the owner. To avoid emotional decisions and stupid sob stories, i would rather pay a friend to try to reposses the property in a friendly manner first. If fail, play nice but proceed w court order.

I'm glad you're passing on your experience, instead of discouraging others from the auction market. I hope the unit you won was worth the trouble too, would bring a lot of positivity for future auctions. 💪🏼

Seems like the same thing happened to my friend brother...
U his brother 😝

Anyway serious note...
Looks like this the tactics by most of them...
Trying to con us with all sad stories....
Heart must be steady... Strong cold hearted.... Then only we can survive.....

I was young and naive back then. So fall into the trap, when an old people as old as my own father is crying and begging, it's really hard to go against. Thus why i recommended, just get a proxy to deal directly. So you wont have to deal with the emotional part. They cry blood to your proxy also no use, he's not the one calling the shot.

Yup worth the trouble. Value has gone up at least 65% from the purchase. Got upcoming LRT3 line under construction. Condo is well maintained as well altho its abit old. Could potentially double in value in a few more years.

If i can submit more loans, would have done it again. But i dont think my DSR allows it lol.