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Hi,
Is it necessary to do a valuation before I can start to market my HDB flat for sale?
Who should pay for this valuation, the seller, the agent or the buyer?
If the seller pays for the valuation and the flat is not sold by the time the report expires in 3 months, will the exclusive agent reimburse the seller?
What is the market commission to pay to the agent by the seller?
Thanks.
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3 Answers

Hi Melvin,

It is neccesary to do a valuation before selling your flat. Buyers would want to take a look at the valuation report before considering buying your flat.

To make things simple, i will help you do the valuation at my own cost. Even if the deal does not go through eventually, i will just treat this cost as an investment!

Market practice is usually 2% commission for seller's agent. But again, this can be discussed between seller and agent.

Please call me at 96836230  for further discussion. I would be glad to assist you.

Thanks,
Ander ERA Read More
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Johnny Goh Mui Huat
Hi Melvin,

It is not necessary to have a valuation report before you market a unit. However, you will need a valuation report for the transaction.

Usually buyers will be more willing to commit to a unit if there is a valuation report because they will know how much cash they need to fork out. Therefore, i would advise you to get a valuation report done asap if you serious about selling.

Usually, the selling agent or seller will pay for the valuation report first. However, the buyer will buy over the report because they need it for the loan.

Once the report had expired, its depend whether the exclusive agent willing to reimburse the seller or not, its up to the both parties agreement.

Standard market practice is 2% commission for selling. However, its also depend on both parties agreement.

Feel free to contact me for non-obligation discussion should you need any assistance.

Regards
Johnny Goh
Dennis Wee Group
 90906267 
johnnygoh.dw@gmail.com
johnnygohproperty.com Read More
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