AskGuru Q&A Community

Good evening,

Bank indicative is based on unit sizing, location and project type, in reference with the past transacted pricing. Hence when the seller is asking for something much higher, the difference will be the cash difference which the buyer need to undertake.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind. Read More

Good morning buyer,

Formal valuation is based on unit condition, renovation, facing and transactions in project followed by surrounding projects.

I presume you are referring to sale unit. Resale transactions are all about willing sellers and buyers.

We can offer him a reasonable price and see whether he takes it up if not, perhaps we have to move on to other units.

May I know how can I value add further in your property purchase?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Accolades:

Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)

Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack Read More

Hi,

Listed price is just listed price, and I'd say in today's market, a majority of the units do not transact at listed price.

If a Buyer really loves the unit so much that he's willing to pay what the Seller asks for, then it's caveat emptor, willing Buyer willing Sekller. In this case, the Buyer may need to fork out cash over valuation for the property if bank valuation does not match.

As for Banks, they have a panel of valuers to assess the indicative valuation for a particular property. This assessment is done by comparing nearby surrounding properties, and derive a "valuation" based on a number of criteria, which includes the tenure/age, floor size, floor level etc.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi, in your case, the bank may not give or match what the seller is asking and that would also mean that the seller is not a serious one and so it’s time to proceed to view other units instead.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Valuation factors are dependent on the following:
(1) Location
(2) Amenities
(3) Transportation
(4) Size
(5) level
(6) Condition of the unit

Past transactions gives a pretty good indicative on where the valuation $ will be from (1) ~ (3).
(4) ~ (6) will be the major factors lead to price deviation of each unit.
But do note the deviation should be less than 3% of the price if given same level & size.

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 do 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