this has not been a good week! :(
first of all, valuation report is finally out after 4 working days (6 calendar days), an eternity to us, on monday.
even better, the valuation is lower than what we expected.
and best of all, upon hearing the valuation for our unit, the buyer requested to lower initial offer price by $5k! @_@
luckily for mr lim, we managed to "hold 住" the price as per originally agreed.
THEN, buyer submitted valuation report to their bank to get the LO. without the LO, they cant exercise the option. sigh.
what has thought to require only 1 day turnaround turns out to another additional 3-4 working days!
which means the earliest the buyer can exercise (provided they REALLY DO!) the option is on fri!!!
this is very bad for we can't issue the cheque to the other side since we dont have a "confirmed plus guranteed" deal on this side. SIGH.
and to make things worse, there is another potential buyer on the other side.
which may means no unit for us or higher purchase price.... :(
after some serious discussion with the husband, we decided to issue cheque and offer to purchase to the other seller on wed.
which means, we are taking a gamble here.
and luckily we did, cos the seller came back to nego on our proposed terms and we were glad to iron out this part before our buyer exercise so our timeline of buying and selling is more in sync.
and we counted our lucky stars on fri! our buyers' LO was churned out in the evening and they came to exercise the option to purchase our flat immediately! :)
and we got the option to purchase our choice unit from the seller too.
*yay*
ok, next step: to nego the best loan deal with all the bankers out there! *sweat*
naturally, the task falls on me with the husband, clueless as usual, washed up on the shore like a blur seaweed... tsktsk.
gimme the energy and bargaining power pls!
No comments:
Post a Comment