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Hi Ms Teo,

I have to disagree with you that buyer is a loser in this situation, since valuation is unknown to both seller and buyer. What is the valuation turns out to be higher than the agreed price, meaning the seller has sold the unit below valuation?

In a typical resale transaction, all parties are encouraged to be prudent in making their decisions, whether to sell or purchase, extensive research to be done on the past transactions, future potential and etc, before making a decision. There are of course incidents where there are limited choices available in the market, which will jerk up the prices resulting in COV, but this is a market force where demand is high and supply is low, which works in all different types of market whether is it real estate or commodities.

The only way to resolve the COV issue is to negotiate with the seller to allow refund of $1k option fees if value is below the transacted price to an amount pre-agreed between you and the seller, but at this moment where most media reports are favouring current market as sellers' market, the probability of finding such a seller will be quite difficult.

I have been in the real estate business since 2009, with more than 13 years 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 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's 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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi

It is the willing buyer and willing seller having knowledge of what is the market reality, decide on a price where both mutually agree to transact, will there be a loser?

You may text 9620 0827  for a casual chat in managing your purchase.

Warmest regards

Gavin Read More

Hi Miss,

All transactions happen when there's a match in price between Seller's expectations and Buyer's comfortable and willing price to pay. There is really no loser here.

For HDB purchases, nobody can guarantee what the Valuation will be, unless you are purchasing a private property and has gotten a bank indicative valuation.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Ms. Teo,

1) The govt had worked very hard to resolve this COV issue. It works well when first implemented in 2012.
2) It is only returned in 2020 when a sudden surge of demand from the BTO buyers & enbloc buyers rush into the resale market and offer price from the seller without a blink of their eyes.
3) Therefore both buyers and sellers have to be responsible for this COV thingy to continue.
4) Seller always wanted to sell higher than their neighbor and buyer must do their homework before making a reasonable offer. Walk away from the deal if the price is not right.
5) This is what people are saying willing buyers and sellers. Both sides must agree with the price before moving on.
6) I would suggest you do a careful negotiation with the seller before making a final offer to reduce the risk of COV.

Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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