Private deals to sell your property are right up there alongside smoking at petrol stations, or airing another season of Point of Entry — in other words, really bad ideas.
Now we know what you’re already thinking: that should be the case, because that’s gratitude. But this is just what we’re driving at — you’ll feel obliged, even if you’re in no position to help. This sort of request is common for someone with some cash reserves, but can’t take a bank loan or HDB loan and prefer to pay the purchase price to the seller in cash over time.Disagreements over the total amount owed.
The problem here is obvious: you have no way of ensuring that he will do as he promised. What is considered “looking after” may be a point of debate. What counts as sufficient care to one person may be considered as neglect to another.