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Hi Guru, first time selling house. I understand the Valuation of flat last only 3 months. Meaning is valid for only 3 months? How if within this 3 months I have not sell my flat, must I re Valuate? Is valuation price stable or it will goes up and down? Please advise
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2 Answers

Mike Lim
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Evening Rod,

Valuation report is a tool for buyers to obtain mortgage loan and utilize their CPF monies when they purchase your HDB unit. Hence they need a valid document to proceed with their purchase. If your unit location and asking price is within the market rate, it should not take you more than 3 months to market. However, there are situations like ethnic restriction and units harassed by loan shark, which will be very challenging to market.

Since valuation report is based on the past transactions, these rates would vary. Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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Sharique Tan
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