Discover
Discover
What are the questions to ask the seller before issuing an OTP
11 views
Before issuing an OTP, buyers should ask the seller the following questions:
- Are the sellers selling the flat as owners or legal representatives (e.g., Attorneys, administrators, Executors, or Committees of Mentally Disordered Persons)?
- Have the sellers met HDB's requirements to sell the flat?
- Is the resale flat affected by any Upgrading/Estate Renewal Programme, and if so, who is responsible for the upgrading cost?
- Is there any recess area fronting the flat that the buyer may need to consider?
- Have the sellers registered the intent to sell?
- Have the sellers met HDB's requirements to sell the flat?
- Is the resale flat affected by any Upgrading/Estate Renewal Programme, and if so, who is responsible for the upgrading cost?
- Is there any recess area fronting the flat that the buyer may need to consider?
- Have the sellers registered the intent to sell?
These questions help ensure that the transaction proceeds smoothly and that all necessary conditions are met.