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Don’t confuse option to purchase with offer to purchase
the Option to purchase comes in a variety, therefore if the Property Buyer rejects the terms in the Option to purchase after making an offer to purchase, his/her 1% deposit is likely not protected
Difference between Offer to Purchase and Option to purchase
And we have been very unhappy with these types of contract clauses, I think the CEA needs to act on this aspect, to make sure that all Offer to purchase to follow a standard clause and template to protect the…[Continue reading]
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Tagged Home loan FAQ, mortgage loan, offer to purchase, option to purchase, OTP, singapore home loan
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