Dear sir/madam,
I believe there is a change in the process of resale HDB transaction now from your last understanding.
Unlike in the past, where sellers will first put up a valuation request for the unit they intend to sell, and start pricing the sale based on valuation plus COV, valuation of HDB will now be conducted after an offer has been accepted, where the Option To Purchase has been granted. The valuation request will be put up by the purchaser if they are taking up a home loan or utilising their CPF funds for the purchase of this flat.
As such, both sellers and buyers (and their appointed agents) will be required to do their due diligence proper. For sellers wise, I would term it as product positioning, where we understand what are the similar units that has been transacted recently in the market, what are the existing competitors in the market and their pricing, in order to establish an indicator of how you should position your unit for sale.
For example, I have a client who is interested to put up his flat in Marine Parade estate for sale recently. I have consolidated all data pertaining to the above mentioned and found that for the past 5 years, there were only an average of 2.5 similar units that were transacted each month, and that there are currently more than 50 similar units up in the market for sale with various price range. This allows the seller to understand better what to expect and how to position their unit for sale.
I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 8,500 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at
81577565
.
I look very much to hear from you soon.
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Regards,
Geryl LIM
Consultant - Director
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
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