Asked by Anonymous
Buy flat from relative below valuation hdb request letter a reason for selling low price.. why do they need a letter.
1188 views
1 Answer
Hi,
This is to ensure seller & buyer not enter into any suookementary or other agreements or arrangements that may cause the resale price as declared to be inflated or understated.
HDB also stated the right to request from seller/buyer to furnish a written explanation on the difference between declared resale price and prevailing market valuation.
If the reason(s) given for the difference between the declared resale price and the prevailing market valuation of the flat is/are deemed not acceptable by HDB. HDB may withhold approval or cancel the resale application.
All in all, they are trying to prevent illegal transactions.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
Note:
Any response to our answer does not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
This is to ensure seller & buyer not enter into any suookementary or other agreements or arrangements that may cause the resale price as declared to be inflated or understated.
HDB also stated the right to request from seller/buyer to furnish a written explanation on the difference between declared resale price and prevailing market valuation.
If the reason(s) given for the difference between the declared resale price and the prevailing market valuation of the flat is/are deemed not acceptable by HDB. HDB may withhold approval or cancel the resale application.
All in all, they are trying to prevent illegal transactions.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
Note:
Any response to our answer does not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More