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mindslave

First Appointment Delays

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Hi we are buying a resale flat, first time buyers.

We side (buyer) has completed the submission process a day after the exercise but the seller side has not yet completed the submission. Should we worry after 4days of waiting? HDB website says submission will be invalid after 7days if either one does not submit. Our concern is that, do we need to worry why the seller doesn't do the submission yet? Is this something very hard to do or should they have a good reason of delaying the 1st appointment by not submitting?

 

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Hi

It depends on what is written on page 2 of the OTP.

If submission days is 14, 30 or 60 days, then they have that amount of days to submit from the date of signing the OTP.

The 7 days is the cooling off period for the seller after they submit the resale checklist. (after 7 days then can exercise OTP)

 

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