AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi

I am the buyer and i have signed the OTP and paid an amount. Next up will be booking for valuation, somehow i do not feel this is the right flat. Can i cancel it ? If so how should i do that ?
0 •
900 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

LH Sim
Replied
Hi Sir/Mdm,

You can cancel off the deal as long you have not exercise the OTP. What you will lose will be the option money and the valuation money if you have already booked for it.
Please check with your agent, he/she will be able to give you a better clearer advise.

Regards,
Sim Lenghua Read More
0
Upvote Upvoted
Mike Lim
Replied
Evening,

Consulting your agent will be your next best move. Should you went through the purchase without one, you will need to know that the Option fee is non-refundable.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
1
Upvote Upvoted
Aaron Chong
Replied
Hi, I assume you have already paid the $1000 option fee to the seller agent? If you are not planning and decided to back off from his deal, then you do not need to do anything at all and just let the option fee of $1000 gets forfeited.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
1
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions