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I am a seller. We recently signed the OTP and took $1000. Just found out that we might have some issues with geting a loan for the next house. Can i cancel the OTP and refund the $1000 before the new buyers exercise their OTP and give us the $4000 cash?
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1 Answer

Mike Lim
Replied
Morning May,

Whether you have DIY your own sales or through a qualified salesperson, you should have gone through the seller's checklist. You should also be aware that you are required to get all considerations done prior accepting the Option. With your current case, try talking to your buyers and hope they are willing to back out with asking for compensation.

Regards
Mike Lim
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