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It seems to me that you have zero clue about the entire purchase process of a resale HDB that you are still willing to lose it by not engaging professional help at all. There are plenty of flat fees agents out there who are willing to take low commission to help out lost buyers with their paperwork. You will lose more than you save if you insist on going this path alone. Read More

Hi,

It is possible but you are in a way going in blind because you are exercising the OTP without knowing the valuation and how much potential COV you need to pay, and the CPF valuation limit which you can use. Once you exercise the OTP it is considered legally binding.

Is there any reason you would like to do so? Typically only all cash buyers will exercise the OTP on the same date as OTP issuance date.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
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Yes, in certain situation, its possible for the acceptance date to be the same as the option date. Valuation might not even be required in this case. it all depends on a case by case basis. hope that clarifies your question. if you have any other doubt. Feel free to drop me a text or call. Cheers
Rix Jim
 9687 1379 
PN Read More

Hi,

Since you don’t know much about OTP at all, may I suggest that you ask the seller agent for help/ advice.

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

Hi, can I ask what is the reason you need it to be on the same date?

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More

Hi, appreciate your sharing. Are you taking a bank loan or HFE loan?
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi,

1) Your acceptance date must be after the date of receiving the valuation report if you are applying to use CPF funds and/or applying for a mortgage loan.
2) The only exception when the acceptance date and OTP issued date fall on the same day is when you are using pure cash to complete the whole purchase.
3) This full cash payment situation will include paying for legal costs and stamp duty using cash only.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
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https://www.linkedin.com/in/ckling/ Read More

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