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Dear sir/madam,

Do you have an agent advising you in this sale? It seems to me that you are unfamiliar with the entire procedure of purchasing a resale HDB, which is a risk for yourself should the deal falls through in the advance stage due to the lack of understanding of the resale procedeure.

A submission for valuation request is done upon having your offer accepted by the seller where seller grants you an Option To Purchase. The Option To Purchase comes with a serial number which is required to be keyed in when you are submitting the valuation request.

Each Option To Purchase has a validity period of 3 weeks, where the purchaser will be required to exercise the Option if they decide to proceed with the purchase. Once the 3 weeks period is up, the seller gets to keep the deposit paid to him and unit can be sold to another prospective buyer.

A HDB buyer has up to 3 weeks to decide whether or not to proceed with the purchase. During this period, should the buyer find another unit which is more suitable, he or she can opt to offer for the other unit too, and the process is the same, where a deposit needs to be paid to that seller once the price is agreed, where another Option To Purchase with a unique serial number will be granted to the Purchaser.

It is advisable that you appoint a professional in your case to advise and help you along the way.

Regards,

Geryl LIM
Consultant
**Aspring To Be The Best Real Estate Agent In Singapore
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi, you can let the OTP and the deposit of the 1st flat expire since you are now more keen to purchase the other.

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