How to choose the right real estate agent for property search and sale?

Look at the agent track record for consistent awards every month. Khai Rambo is very consistent award achiever every single month.

Many agents claim to be “Top Agents” how can I be sure that the Khai Rambo is one of the best?

The single biggest misunderstanding about that term comes from what determines the status. If you work in a small company with few agents Top Agent could be a designation given to an agent who sold three homes in a year based on the relative productivity of the firm or office. Statistics are skewed. Khai Rambo is the top agent in Propnex, biggest real estate company in Singapore and we are in the #1 office for all real estate companies in Singapore. When he say he do well he has to do well to be in this category since our competition for “top” is fierce. This translates into a strong environment to work in Propnex with effective agents networking, marketing and sharing their inventory and future listings with each other which means accurate and new home opportunities for buyers.

If Khai Rambo is so successful, how will I know that he has time to attend to my needs?

Khai Rambo has taken multiple steps to insure that every one of his buyer’s and seller’s needs are attended to. He is highly experienced agent with an established structure of support for our clients. From the attention to detail to the communication with clients, he is able to offer far more services.

Do Khai Rambo has an area or region of primary focus?

Khai Rambo intentionally chose to work in the CCR (Central Core Region) & OCR (Outside Core Region) of Singapore because it allows him to market properties and assist buyers from all over Singapore. He is consistently working on transactions from residential to commercials and his marketing strategies are efficient in all of these areas.

Breach of Contract Sale of House

By | January 30, 2022

What are the remedies in case of breach of contract by a buyer? It is generally assumed that the seller will withhold the deposit if the buyer does not fulfill his end of the contract. These conditions must be included in the purchase contract and agreed by both parties to be valid. As a general rule, a certain benefit is granted only if a financial loss cannot adequately compensate the injured party. If a buyer violates the real estate contract, a seller will usually want to proceed with the purchase of a property, as agreed in the real estate purchase contract, by requesting a certain service. The purchase of a house is made by the buyer who makes an offer to the seller and the seller who accepts the offer. Legally, this is considered a real estate contract. The three legal requirements for all contracts are offer, acceptance and consideration. Once these three elements are in place, there is a legally binding contract that can be enforced under the law. If a contracting party does not comply with its obligations, this is considered a breach of the real estate contract. If the non-infringing party is a seller, the seller may withhold the deposit in good faith and terminate the contract, bring an action for breach of contract to obtain pecuniary damages, or bring a lawsuit for certain services (i.e., .B i.e., make the buyer work under the terms of the contract or enter into the sale of the house). The third method of resolving a breach of contract is for the buyer to sue the seller in court for breach of contract. This is a judicial method where the buyer files a complaint against the seller for breach of contract and the seller responds with a response. In this way, the court decides whether a breach of contract has occurred by the seller and what damages, if any, are awarded to the buyer.

In addition, the non-injured party has the possibility to sue the injured party for financial damages and, in some cases, to demand specific enforcement. These methods cost less and take less time to achieve results than to take the case to court. A breach of a real estate contract usually provides for a lump sum compensation, which is a certain amount of money awarded in the event of a breach. As mentioned above, the lump sum compensation may be limited to the amount of the deposit. When you sign a contract to purchase a property, it is usually accompanied by a serious deposit. The deposit amount varies depending on the transaction, but is usually 5% to 10% of the purchase price. Paying a serious cash deposit is a way for the buyer to show the seller that the buyer seriously intends to buy the property in good faith, because if the transaction does not pass, the buyer may not get their money back. If the buyer backs down, whoever receives the serious money depends on whether the buyer has a valid reason to withdraw from the store. For example, a buyer would likely get their money back if, during a final passage through the property, they discover a serious defect in the property that did not exist at the time of the first inspection before the contract was concluded, for example.

B by finding termites and damaging them if such termites or damage did not occur during the initial inspection. On the other hand, the seller would likely keep the down payment if the buyer simply changed his mind. Real estate disputes often arise because a party to the transaction has committed a breach of contract. A common dispute is when a seller wrongly refuses to transfer ownership to the buyer, or when the buyer or seller has breached a purchase contract or other contract related to the real estate transaction. Unless otherwise specified in the legal document, four basic remedies are available to the injured party. If a seller commits a breach of contract, the buyer aggrieved by the breach has access to various remedies. Whatever the reason, your lawyer will review the existing contract that was signed and look for legal loopholes to determine if the seller had a valid reason for the breach. They will then discuss your case with you and present you with the best remedy, how to proceed and in which direction you should go. There are a variety of cases that result from a breach of contract in real estate contracts, but most concern real estate purchase contracts.

Notwithstanding the foregoing, real estate contracts may also include a violation of the use of residential or commercial real estate or lease, a violation of rental conditions (e.B admission of sublease agreements), and violations of land use and/or delimitation agreements. If the seller violates the purchase agreement by refusing to sell the property to the buyer, the buyer generally maintains three approaches: (1) the buyer can ask the seller to “concretely fulfill” the purchase contract by selling the property to the buyer; (2) the buyer can claim damages for the seller`s breach of the purchase contract; or (3) Buyer may terminate the Purchase Agreement by voluntary agreement, statutory termination or judicial termination. If both parties believe they are entitled to the deposit due to a breach of contract, the case may be brought before the courts and the seller may have a legal dispute for breach of a real estate contract. The deposit cannot be debited from the seller`s escrow account until a judge has ruled on it. The good news is that the above reasons are not valid reasons for a breach of the real estate contract, unless the seller has a “pullback” or “contingency” clause. The valid reasons why the Seller may breach the contract and there are no legal consequences against the Seller are as follows: Legal claims for breach of contract may be settled by arbitration, mediation or small claims. In binding arbitration, the arbitrator`s decision is final. When mediation is chosen, the mediator does not decide the case, but simply helps both parties make a decision. Filing a small claims lawsuit typically involves amounts of less than $5,000. Under Minnesota law, a “specific benefit” is usually available to the buyer if the seller defaults because the properties are unique (there are no two homes, even identical, that can be on the same property).

Minnesota law recognizes that monetary damages are not sufficient to compensate a buyer for a seller`s failure to perform a purchase agreement. In the standard purchase agreement form approved® by the Minnesota Association of REALTORS, a lawsuit to remedy a particular service must be filed within six months of the date on which the buyer`s cause of action arose, which is typically six months from the completion date specified in the purchase agreement. A successful lawsuit for a specific performance will result in a court order requiring the seller to sell the property to the buyer. What happens if a buyer violates a real estate contract? A buyer can violate a real estate contract in several ways. The most common ways are: What should you do as a seller if there is a breach of the real estate contract by a buyer? Typically, a seller has three different remedies that the contract would govern. These include: The buyer can also try to terminate the contract itself, not buy the house and just move on. In such situations, the Buyer will be reimbursed for his deposit as well as all costs incurred during the failed transaction, such as attorneys` fees, investigation costs, title revision costs and other audit costs. Reimbursement of fees and expenses is often negotiated during the settlement phases of the breach of contract. Violation of real estate contracts can sometimes result in significant losses for both parties.

You may need to hire a real estate lawyer if you need help filing a breach of contract claim. Your lawyer can give you the legal expertise and advice you need to protect your interests. Your lawyer can represent you at all stages of the dispute. If the buyer does not perform his end of contract before the conclusion, the seller is free to withdraw from the sale of the house. This may be the case if the contract requires a seller to spend more than a fixed dollar to heal privileges or judgments aimed at obtaining marketable title for the buyer, and the seller refuses to do so. As a result, both parties must fulfill a number of obligations between the signing of the contract and the actual conclusion, which usually last from 30 to 45 days. However, until closing, if there is a case in which the seller withdraws from the real estate contract, the buyer may have a legal claim against the seller for a breach of the real estate contract by the seller. It is important to have an experienced lawyer who is able to formulate a winning strategy for your breach of contract case. Cases of breach of contract are fraught with obstacles. We will work side-by-side with you to ensure that you receive appropriate compensation for misconduct by a buyer or seller.

Our real estate contract infringement lawyers serve Fort Lauderdale, Broward County, Miami-Dade and the state of Florida. There is a special benefit when the court orders the injured party to take a certain step. As a general rule, under contract law, even if one of the parties materially violates the contract, the law only requires the payment of pecuniary damages – it does not require the infringing party to take a specific action. . . .

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