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Just Curious. How long on average does it take for any buyer to exercise their Option To Purchase? Though is given 21 days maximum. I am interested in a property that has signed OTP already but seller has not exercise OTP so far after 1.5 wks, wondering if I hv a chance still to approach the seller.
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1 Answer

Robbie Chen Chee Howe
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Hi,

If the option period stated is 21 days, the Buyer has the right to exercise the option within the 21 days. There is no point talking about average, as the Buyer can exercise on the 21st day before 4pm.

You could approach the Seller after the OTP has lapsed (21 days later), to see if the unit is still available or not.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

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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