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Hi All,

I have made a 10% Deposit as an offer to property, but I have not signed the OTP. Please can I find out if I can withdraw my offer and take back my 1%? As I have not signed the OTP, I am not sure if I am still legally bound. Thanks!
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3 Answers

is it 10% or 1%? what property have you offered for?

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Hi,

If the seller has accepted your option fee or bank in your cheque and has handed you the otp signed by seller, then it means that the seller has accepted your offer.

In this case, it will be hard to withdraw your offer. You may choose to forfeit the 1% option fee if you decides not to proceed with the purchase!

Please feel free to contact me if you need further assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
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(W) www.nick-tan.com

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GAN ENG JOO ONASSIS
Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

On the condition, you have not signed any doc for the property purchase. The contract not valid and you have every rights to claim back the cheq that issued out. If you signed any doc, sorry for the 1 % payment will not be entertained. Basic legal rules applied :)

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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