Monday, June 25, 2007

Melville Park Condo Semi-Sold

Last Thursday, and agent called Dion approached me to sell my unit. She has managed to sell off one upper unit at 650K and is very excited to tell whole Melville "Village" that she has done a record.

I signed an exclusive with her and he brought a buyer with a budget of 540K.

I refused to let go at 540K and told her she must hit 560K if she wants 2% comms.

The buyer is now approaching banks to loan him 90% of 560K which is 504K and if he fails, I will have to return him his 1% cheque.

I am at the same time chasing OCBC on the outcome of my application for my overdraft.

Let's hope Overdraft get approved so that I can reject the buyer before he comes back to me.

May Buddha help me.

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