Hi,

I wish to sell off a property but need to clarify the procedures..

I know that as the 1st step, there is a 2% (or is it 3%) fee payable by the interested buyer.

Once cheque is given by the buyer, if I don't want to sell, I can return the cheque, right? (any time frame for the return of the cheque to the buyer?)

Or even if I have banked in the cheque, within 14 days time (or...?), I can return the money to the interested buyer, right?

My fear is having accepted the cheque, I am bound to have to sell to that buyer. Cos' as this is co-owned property, I am afraid that the other co-owner may later change mind or find another buyer with higher price..

Thanks!!

Thanks!

But I was under the impression that the booking is for the buyer to indicate his/her sincerity (so the 2% is also called an earnest fee) and it is for me to decide if I want to give him a option to purchase.

Or is it that once I accept the 2%, I MUST give him the OTP to excercise?

But u are right about discussing with my co-owner...