Another deal dropped

After the unpleasant deal with 203B, we went on to view another 16 units before finding the one we liked. Not 100% perfect but we could make do with it. It took the owner 3 days to get back to us as we couldn't offer what he wanted in mind. We were prepared to give it up when the agent started to say things like need to complete the transaction a little later etc. Hmm.. another case of extension?

On the day we were supposed to sign the option to purchase (OTP), the agent told us he would submit our application soonest possible but will take the last of the HDB appointment dates available. Meaning, although the appointment slots available is from 8 June - 19 July, he will fix the appointment for 19 July. In short, the owner wants an extension of almost 2 months but do not want to pay us for it. The usual practice is to lower the cash-over-valuation (COV) or pay rental to the buyer for the extension. However this owner was out to cheat us of it. Fed-up, we walked out of the deal.

I don't know why but before going to sign the OTP, I had a feeling that there will be problems with the deal. I wasn't happily planning on how to renovate the house. In fact I was mentally preparing myself to walk off from the deal if it's not a fair deal. Therefore when the agent came back to tell us the owner refused to lower COV for the extension, I immediately said "ok lor, too bad." And I stood up, signaling my dad & dear to leave the flat. I don't want to be bullied by the owners.

I was actually quite relieved we dropped it. The flat required too much renovation and we had to live with granite flooring that resembles the flooring of Dhoby Ghaut mrt. And my mum & sis were actually quite freaked out by the owner praying to ancestors at home. What if they didn't "invite" their ancestors to their new home properly? haha

After this we viewed another 15 units before finding one we like. But we've yet to offer. The valuation and COV is quite too high but the location is rather off, not worth the price tag. So we're just waiting. Prob after a month price will drop, or if some idiot's willing to pay so much for it now, gd for the owners lor. We'll continue with our hunt for the perfect home :)