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Is the OTP supposed to be kept by the seller or the buyer? I have already paid the OTP but the agent kept on dragging. Meaning to say, we already met up three times but still not everything is being signed by the seller. Only one signature of seller per meet up? What does this means?
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3 Answers

Robbie Chen Chee Howe
Hi,

Once offer has been accepted, and option fee has been collected, the Seller will then grant the OTP. Buyer will retain the OTP as Buyer will require the OTP for Valuation purpose before exercising the OTP.

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Robbie Chen
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YT Tan (陈永达)
Good afternoon buyer,

Usually when a buyer agrees on a pricing with seller, OTP will be granted once option money has been received by sellers.

Do you have a representative handling your purchase? Perhaps you can ask him/ her on the status?

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Hi, are you referring to HDB or a private sales?

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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