Hi Bluegal, This is an interesting question posted, as there are also plenty of owners out there who are worried that they are underselling their properties with the change in regulations where valuation of property will not be done until Option has been exchanged. It is anybody's game technically if you ask me. The safest option will always be studying the recent transactions around the location you are interested in and monitor the prices against the asking price. In summary, you are not buying a resale HDB from NTUC where price is fixed so negotiation is still a confirmed process to undertake for the purchase. After doing your due diligence in studying the price trend, I am pretty sure that even if your offer is above the valuation, it should not be very far off so COV portion is very likely small if there is any. Still, I wish to conclude that it is anybody's game in a resale transaction. Owner is afraid of selling low while buyer is afraid of buying high. Your appointed salesperson is very likely someone you can turn to for advise. 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!
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