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What should i do if seller forgot to register intent to sell and OTP was granted to Me ?

Should i redo the whole OTP again ? Can we put the future date in the OTP ? because i understand there is 7 days cooling period after submitted intent to sell
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2 Answers

Are you doing a DIY purchase and owner doing a DIY sale? It is very difficult to imagine that a transaction brokered by a professional will have such an issue, and who knows what other issues may crop up along the way for this transaction.

Are you comfortable with the delay in issuing an OTP since seller has not submitted their Intent To Sell on the HDB Resale Portal?

There can be potential repercussions involved in the whole process because we do not know the background of the seller in order for us to provide a sound advise. Risk elements are involved in the delay.

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  • AN
    Thanks for the answer.

    In this case seller is represented by Agent.

    I have heard many cases where OTP was not granted properly. eg : My Friend granted OTP by the agent only to realize owner did not sign it . then they have to redo the OTP . etc.

    I am fine with the delay . the questions is more like can the OTP be voided / tear down , and issue new OTP ( dont have to wait till it expires ) if things like this crop out.
Hi,

I'm more concern whether the seller has the right capcity and eligibility to sell to you after reading your query.

I would suggest you verify seller ownership before proceed further.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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