#01 Top Blind Spots when Buying a Property in Singapore - PLB Speaks with Conveyancing Lawyer

Welcome to the premiere episode of PropertyLimBrothers's New podcast series, "Sofa So Good". 😁

On today's episode, we talk to Cannis Seng from BR Law Corporation to discuss some of the Super Important Blind Spots that Buyers and Sellers tend to miss out when buying and selling a private property in Singapore! 🙌

Find out more about Cannis & BR Law:
http://www.brlawcorp.com/cannis-seng

---------------------------------------------

1:45 - Things to look out for before paying 1% option fee
4:00 - Can you back out after signing OTP?
7:42 - Is there a way to verify the size of a property?
9:42 - What does it mean when a caveat is lodged?
13:51 - Do you have to back pay your ABSD?
18:19 - Advice on preventing it from happening
20:24 - What happens if the seller does not want to complete the deal halfway into the completion phase?
22:25 - Talking about caveat emptor clause
23:39 - What can be done as a buyer to protect themselves and mode of recourse
25:55 - Best practices before paying the option fee
31:06 - Talking about seller’s POV
31:14 - Talking about Sellers Stamp Duty
32:55 - What if the seller fails to pay sellers stamp duty?
35:08 - What are the risks and pitfalls the buyers and sellers have to look out for?
39:41 - Talking about buying properties in trust
40:16 - Can you take a loan if your child is below 21 years old?
41:05 - When can they sell the property?
42:49 - What happens to the money after selling the property?
43:45 - Can the parents use the money?
45:52 - Important things the trustee have to take note
48:18 - Key takeaways

#SofaSoGood #PropertyLimBrothers #Podcast

 ---------------------------------------------

STAY CONNECTED WITH US
Facebook - http://facebook.com/propertylimbrothers
Instagram - http://instagram.com/propertylimbrothers
Website - http://propertylimbrothers.com

New episodes every Wednesday, 6pm.

MUSIC
Licensed from Epidemic Sound

© PropertyLimBrothers™ 2019

PropertyLimBrothers Team is an independent team under the umbrella of Propnex Realty Pte Ltd (Agency Licence No. L3008022J) ∙ 480 Lorong 6 Toa Payoh, #10-01, HDB Hub EAST WING, S310480

Видео #01 Top Blind Spots when Buying a Property in Singapore - PLB Speaks with Conveyancing Lawyer канала PropertyLimBrothers