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Hi

The option exercise date will be spelt out on the OTP. Just comply with the date.

It would be advisable that you engage an agent to assist you in the purchase. As a buyer for the private property, you may not need to pay your agent any commission, however, you have the benefit of their experience.

Should you need assistance, you may text 9620 0827  . Attached a link for your reference. https://tinyurl.com/y8q3888u

Regards

Gavin Read More

Good morning Sir/ Mdm,

typical resale private procedure will be as such:

1) both parties agree on a price. buyer gives 1% to seller to receive OTP
2) buyers settle loan and exercise with 4% exercise fee. Exercise date will be 15 feb if option date is 1 feb. usually advisable to exercise 1 day earlier. kickstart 10 to 12 weeks of completion period.
3) stamp duties is payable within 14 days from exercise date (usually payable in cash first cause CPF board might not have sufficient time to release funds to IRAS)
4) balance downpayment payable within 14 days before completion date.

You can leave the law firm name out on OTP first but within the 14 days option period, you need to fix one cause banker and seller's law firm need to liaise with them.

Hope my sharing aids in clearing your doubts. May I know how can I value add further in your property purchase?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
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Top Private Property Transactors January 2017 (Propnex) Read More

Good morning,

Based on the info shared, Option Expiry date will be 15 Feb. This OTP is obtained in exchanged with typically 1% option fee cheque. During this 14 day period, we will need to quickly engage a law firm and confirm the bank loan (if any) before 15 Feb.

You should then meet up with the law firm you engage 1 or 2 days before the Option Expiry date and exercise the OTP with typically 4% cheque and in the presence of the solicitor who will go through the OTP again with you. Typically 10 weeks after will be the completion of the transaction.

Yes you can leave your law firm blank first but eventually will have to communicate to seller side when you exercise the OTP.

Is there anything else I could value add to your plans?
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng Realtor ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
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W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Hi,

I am experienced and well-versed in private resale transactions. I will be able to assist you with the transaction. And best part, no commission payable from your end!

Please get in touch with me for a more in-depth discussion on your purchase.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi, nope the OTP cannot be blank and the seller agent will filled up everything and hand it to you once you hand the deposit of 1% cheque over to him or her. I am able to assist you by representing on your behalf and you don’t need to pay any commission. Pls feel free to let me know if you need any banker’s as well as law firm contact. Hope to hear from you soon.

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

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi Sir/Madam

I will be glad to assist with details timeline and calculation
As I wont be able to pm you first, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a for non obligation discussion.

Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com
www.facebook.com/SilviaProperty Read More

Dear Sir/Mdm,

The option period is open to negotiable between the seller and buyer and not necessary be 14 days. If the option is granted on 1st Feb and the option period is 14 days, you will have to exercise the option on 15th Feb before 4pm for the option to be valid. Otherwise, the option will lapse and you will forfeit your 1% deposit.

A standard Option to Purchase do not require a buyer to input the buyer's lawyer information. Only the seller's lawyer information is required. Your lawyer can subsequently liaise with the seller's lawyer to exercise the option.

I am well versed in the purchase procedures and process. Please feel free to contact me if you need further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide to buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More