Asked by Mugen Fire
When we place $1,000 to the seller, what does this term call? There is a timeline of 14 days in which have to pay the remaining $4,000 which would classify as OTP (Option To Purchase). As my present flat had just put up valuation request, would it be advisable to proceed buying first?
Once proceed on the OTP ($5,000), does it mean both part (Buyer & Seller) cannot back out or else it would be face legal proceedings?
Once proceed on the OTP ($5,000), does it mean both part (Buyer & Seller) cannot back out or else it would be face legal proceedings?
749 views