AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Am I right to say that a potential buyer may give up after getting the valuation price due to not enough cash for cov. Based on the valuation price, the seller can then reset the selling price to make sure it is above the valuation price. So it make not much difference from previous except affecting the first potential buyer. Alternatively the seller can get someone to pretend to buy and get the unit valuation?
0 •
937 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Geryl Lim
Replied
Dear Weikang, If the price offered to purchase to seller is competitive, I do not foresee such a situation from happening. All the past transactions with valid valuation report has benefitted the buyers outright due to the regulations implemented therefore I believe this latest change has neutralised the whole situation. All transactional data has been published online and easily within reach for everyone with internet access, therefore there is no reason a buyer will want to make an excessive offer. Even if the seller does carry out the strategy which you have described, this valuation report will still have expired should the original buyer decides not to exercise the OTP. Instead, as an informed buyer, you would probably not be making offers out of the transactional price range and negotiate for a lower price for all the offers you make. In this case, it becomes more of a level field between sellers and buyers with no one having specific advantages. As it is, I will look at this as which side of the coin are you at. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** ARE YOU FREE 21st May?? Watch out this space for more landed homes deals!! More than 50% units sold @ Royal Wharf, London. A new prime waterfront township in central London awaits your attention. An excellent opportunity for investment in an ideal location. Studio units are almost sold out!! https://www.facebook.com/media/set/?set=a.372619176213358.1073741861.284747148333895&type=1 Call us to find out MORE! Read More
0
Upvote Upvoted
Koh Zhen Hon
Replied
Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
8 2 7 9 8 3 2 7

Questions Like .. Review ...
Recommended
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?

Shalom

Blessed , Regards

Koh Z H - Agt
hp- 8 2 7 9 8 3 2 7
Cea Reg - R 0 5 7 8 1 0 C
Orangetee - L3009250K
AAG Team Agent

***Recruitment Agt Welcome

My propertyguru Commercialguru Site

Welcome owner/Landlord to list through us

Residential , Commercial , Industrial
Room Rental Welcomed too Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions