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Can we still market our house even though we have signed an OTP with a buyer? The OTP will expire in a week and buyer has not signed and submitted acceptance and deposit. Buyer only paid OTP fee.
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5 Answers

Hi Ms. Nur,

Unfortunately, you have to wait out the OTP period as it is the buyer's right to use the full 21 days to decide on whether to proceed, in exchange for the Option Fee. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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Ivan Ng ERA ASAP
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Hi. Gd day.If you need assistance should your buyer did not exercised the option. I would be pleased to sit down with you to understand the situation.

Tricia Tan
Group Director
 9144 2664  Read More
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YT Tan (陈永达)
Good afternoon seller,

You can continue to market and show your unit but you are not able to issue another OTP unless your existing OTP expires.

Hope my explanation helps!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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Good afternoon,

I'm afraid that you are not allowed to market your unit since you had issued the Option. In the event that your buyer does not exercise the Option before the expiry date or have indicated that they will not be exercising the Option will you be able to continue marketing your unit again.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Dear Ms. Nur,

Marketing the property where OTP has already been issued before expiry will unlikely benefit anyone as it leads to nowhere. Marketing costs are spent without returns. If your concerns are that you lose out opportunities during the option period, this will be compensated by forfeiting the option fees.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
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