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Thread: seller back out

  1. #1
    Join Date
    Jan 2008
    Posts
    331

    Default seller back out

    my sis wanted to buy a resale flat and is waiting for the first appointment after the OPT is signed. however, the seller decided to back out citing reasons that the offer was too low compared to the current market. seller asked for another $30k more which of cos my sister won't agree.

    now that the OPT has been signed, if the seller insist not the sell the flat, can my sister claimed any compensation?

  2. #2
    Join Date
    Jan 2007
    Posts
    106

    Default

    Once your sister accept the OTP, the seller cannot back out of the sale so she's safe

  3. #3
    Join Date
    Apr 2008
    Posts
    69

    Default

    Does she has an agent acting for her? she can bring this case to HDB. When you say sign the letter of offer. Is it the letter of offer of HDB or the agent, so this case has not been submitted to HDB, right?

    A little complicated to exercise your sister right if it is not HDB option.

  4. #4
    Join Date
    Jan 2008
    Posts
    331

    Default

    settled liao. the seller got no choice. thanks every one

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