28 Apr '15, 12am

#singapore #property 7 questions about property auctions: Real estate auctions in Singa...

For first-timers, they should inspect the unit first and ask for conditions of sale. They can contact Knight Frank to arrange a property viewing by appointment. Buyers must also check their loan eligibility with their banker to know how much is their maximum bid. As auctions require a 10 percent down payment upfront, you must check financial capability because once the hammer is knocked down the sale is complete and the 10 percent of the bid price must be paid and contract will be signed immediately at auction.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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