Contra Matters

[cookies]

how does the contra works? is there a fixed rule like maximum how many weeks can be contra?

[Curry Chicken]

You mean buy and sell HDB at around the same time

[cookies]

yes that's right

[HalcyonVI]

You have to have an Option to Purchase for the sale of your property in order to apply for a bridging loan to purchase a new place. Bridging loans normally have to be repaid in 6 months so I suppose that's the sort of timeline you are looking at.

[evel]

any idea if the seller asked for another additional 2 months to move out even after the second appointment. reason is that their new place is not ready. can we say no? are we contractually bond to agree on that?

[Curry Chicken]

I believe that is something the buyer and seller can negotiate on. Normally the seller have to move out on completion date unless the buyer agrees to an extension.