Hello,
There is a valuation for private properties but for a start we look at the bank indication of the property. Normally banks will give a bank indication of the property of how much it is worth. If we are offering at the indicative price or slightly higher, the bank will match or try to match. Once the sale is confirmed, then the bank will send a valuer to do an official valuation of the property. This valuation will not affect your loan in any way.
Of course another thing that we cannot forget is to do a In-Principle-Approval for your loan from banks. With this approval, you will know how much the bank can loan to you based on your income and commitments.
House searching is a very happy process but many a times we end up being very frustrated and tired because of the many things to take note and appointments making, etc. Do approach a professional to help you with the house searching and for private properties, you as a buyer does not need to pay any commission. So it definitely benefits you to engage the service of a real estate agent to go through the whole process with you and serve you wholeheartedly. Do give me a call for a non-obligatory discussion. We can treat it as a chit chat session and I can share with you what is the whole process is all about. Thanks.
Best Regards,
Jeffrey Heng
Associate Director
HSR international Realtors Pte Ltd
Mobile :
9858 1322
Website : www.jeffreyheng.com
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