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Is it possible to amend the agreed price in the OTP? Valuation came out much lower than expected and COV is $60k. Buyer renegotiated price with Seller and Seller agreed to lower selling price by $30k. Can I request HDB to amend the OTP agreed price? Or do I have to wait til OTP expires then Seller raise another OTP? Also, do I need to request for valuation again? Kindly advise, thanks!
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5 Answers

Robbie Chen Chee Howe
Hi,

It is not possible to amend the price of the OTP. Both parties will have to re-do the entire process again, and Buyer will have to request for another Valuation. Also, there is no guarantee that the Valuation will come out to be the same too.

$60k COV is quite a sum in today's market. Even $30k may be considered high, unless the property is at a prime location and is well renovated? Hence, I'm not sure if it's wise for you to pay this COV.

I am experienced and well-versed in HDB resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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
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  • JH
    The agent can contacted whatsapp hp 88337638  , he quite v.good
Hi, nope you can’t. Just got to wait for the OTP to expire and then do a new one.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
  • JH
    The agent can contacted whatsapp hp 88337638  , he quite v.good
Hi,

1) You are not allowed to amend the agreed price in the OTP.
2) You have to wait till the current OTP expired, reissue a new OTP with the new agreed price.
3) Submit a new valuation request and pay the fee accordingly.

Hope the above answer to your main concerns, but if there are more query, 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/
https://www.facebook.com/Homesellerbuyer

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  • JH
    The agent can contacted whatsapp hp 88337638  , he quite v.good
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WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: @ +65 9 8 5 6 9 2 5 5

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** ✔✔Connect Singapore Line: ✔✔(65) 9856*9255

FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

NEW Launches Condominium in SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!! Read More
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