We are in a process of selling our 5 room flat but decided not to proceed but to rent out instead. The question is, we have signed up the OTP with the buyer and our 1st appointment with HDB is on 1st July '10. Please advise us on the consequences of the cancellation. Thank you.
Posted by Siti Maimunah Idris on May 31, 2010 in HDB Questions | 897 Views
Latest Answers by Real Estate Professionals (3 Answers)
Answer Posted on Nov 4, 2010
Dear sellers, kindly drop me a txt or call mi for a non-obligatory discussion.
Warmest regards
Jimmy@84441414
Cck Top Specialist
Warmest regards
Jimmy@84441414
Cck Top Specialist
Answer Posted on May 31, 2010
Hi Siti,
As the option had been exercised, you had entered into a legal binding contract with the buyer.
If you decided to back out, there may be legal consequences that you will have to answer to. Do give it a thorough thought before deciding.
Regards
Jaryl Loh
91838999
As the option had been exercised, you had entered into a legal binding contract with the buyer.
If you decided to back out, there may be legal consequences that you will have to answer to. Do give it a thorough thought before deciding.
Regards
Jaryl Loh
91838999
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