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Hi,

Sadly you can’t back off and you could be sued by the buyer.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear sir/madam,

By granting the Purchasers the Option To Purchase, the Vendors have technically entered into a legal binding situation to sell to the Purchasers within the option period. They are not allowed to back off and like what Aaron has mentioned, the Purchasers can seek damages from the Vendors and enforce their legal rights to the situation.

Nevertheless, from personal opinion, I'd like to think that in purchasing a family home should be a happy scenario and if you require to go down the legal channel in order to enforce on your purchase, I'd rather give it a miss and look for alternative which I feel happier going into the purchase agreement. This may differ from your perspective though therefore should you require professional opinion, you should speak to your lawyer to find out what can be done.

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi
Unlike the buyer, a seller could not back off from the contract after the OTP has been issued. Do contact me at 93375051  for a free and non obligatory discussion on this,

Regards
Taufik Hussein
ERA Realty Network Pte Ltd
 93375051  Read More