AskGuru Q&A Community

Hi Seller,

The purpose of a valuation report is to facilitate buyer to obtain mortgage loan and apply for withdrawal of CPF monies.

You do not need to have a valuation report when you sell your flat. But current practice for seller is to do a valuation report first, then determine the COV. After that, buyer will buy over the valuation report.

Are you looking to sell your flat? If you are serious in selling, i would advise you to do a valuation as most buyers want to know the value before committing to buy.

Please call me at 98628691  to discuss.

Thanks,
Ander ERA Read More

Hi seller,

It's not compulsory but it will definitely be good to have one valid valuation report. Because the buyers will like to determine the COV that they will be paying.

Feel free to contact me if you need any assistance.

Warmest Regards,
YT Tan
ECG Property
M: (+65) 9111 5171 
E: yt.lovelyhomes@gmail.com Read More

Afternoon,

I have clients who start marketing without valuation report. However, it would be tough for interested buyers to offer as they would not be aware of the COV component. It would also be tough for sellers as they won't be sure if the offer that they are accepting if good enough or not.

Therefore a valid valuation report can be considered as an asset to enhance the resale procedure.

FYI.
Mike Lim
 96929209 
ERA Read More