When you see a property that you like, check with your agent on the following
to avoid nasty surprises and/or legal complications:
True Ownership - Proof that the Seller is the true Owner of the property.
Mortgaged Property - If the property is
mortgaged, whether the Seller is in circumstances where he/she may
be prevented by his/her lender from selling the property.
Eligibility to Sell - If the property is a HDB flat, whether the Seller satisfies all eligibility rules
as set by HDB prior to selling the property.
Bankruptcy - If the Seller is a bankrupt, he/she will need a written
consent from the Official Assignee to sell the property; also, check whether the Official
Assignee requires all monies, including the option money or deposit,
to be paid to the Official Assignee.
Eligibility to Buy - Depending on the property, you need to comply
with the Residential Property Act and/or HDB's strict eligibility
rules. For foreigners, there are additional restrictions on buying
Ethnic Integration - If you are buying a HDB resale flat, HDB's ethnic
integration policy may affect your eligibility to purchase that resale flat.
Scheme of Purchase - If you are buying a HDB resale flat, the scheme you are
categorised under may affect your eligibility to purchase that resale flat.
Illegal Renovations/Alterations - Ask the Seller if the property
renovations or alterations are legal and approved. Get written
understanding from the Seller that should the relevant authorities
require that any renovations/alterations deemed illegal be
rectified, the Seller will be responsible for the rectification, at
his/her own expense.