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As a seller, what is the procedure for entering into a contract using the Option to Purchase (OTP)?

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1. First, agree on the resale price with the buyer.
2. Wait at least seven days after submitting the seller’s Intent to Sell.
3. Fill in Page 1 of the OTP form, including the option date, flat address, agreed resale price, option fee, option expiry date, and particulars of all parties.
4. Sign the top half of Page 8 of the OTP form.
5. Grant the buyer the Option to Purchase. During the option period, you cannot grant another option to a different buyer.