For subscribers
Home buyers who back out of the deal can lose more than just their deposits
Sign up now: Get ST's newsletters delivered to your inbox
It is critical to do your sums properly for home purchases because you need to pay at least 25 per cent of the price plus other costs.
ST PHOTO: GAVIN FOO
Some people think it is “easier” to buy a new home that is under construction because payments are made in stages over a couple of years, depending on the building process.
But if your finances are not in order, it could cost you a bundle.
