Hi,
Once the OTP is exercised, a binding contract is established, and the seller is obligated to proceed accordingly. Should the seller decide to withdraw at this stage, they must refund any option fee/exercise fee paid by the buyer. Additionally, the buyer has the right to pursue legal action to enforce the seller's obligations. However, in many cases, buyers may prefer not to undergo the inconvenience and potential expenses of legal proceedings as long as they recover the option fee and exercise fee or maybe some compensation. Therefore, it is advisable to inform the buyer promptly, explain the situation, and seek their understanding and acceptance.
Hope this helps,
This platform does not allow me to contact you directly so kindly contact me at
https://wa.me/6597261112 I would be glad to assist you further.
Thank you and best regards,
Jenny Tran
Propnex Realty Pte Ltd
(HP)
+65 97261112
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS
Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by
your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several
agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling
the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole
dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a
trustworthy, honest, sincere and hardworking agent. We are happy with her service and would
gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation
should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)
--Jenny is very committed and responsive to her clients and she has spent hours updating them and
looking out for great deals and even tailor-made property proposal geared towards their needs. Will
certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)
--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our
neighbourhood to understand what she was marketing. During the marketing period, she managed
potential buyers and provided timely updates and recommendations so we could stay on top of the
process. Overall, Jenny was professional and helped us to achieve a positive result which we are very
thankful for--
Aaron ( HDB seller)
--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and
recommendations, I had finally found my dream home--
Yvonne (New launch buyer)
--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was
also patient and client-centered throughout the process of finding a home that met our criteria. As a
first-time home buyer, we appreciate how she went out of her way to explain the process and
answer questions we had--
Samantha (Resale condo buyer)
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