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Hi,

There are 2 main queries based on your posting:

(1) Prelim & Actual Valuation:
This is one of a critical factor when you decided to make a purchase on property.

In fact, the chances of bank's prelim valuation and actual valuation has a large difference is always exist.

The prelim valuation is done based on the average past sales record, whereas the actual valuation include the level & condition in the specific unit.

So deviation is expected. Thus this is solely based on experience of sales agent to determine whether the condition and level will be same or lower than the average figure.

(2) What are expected:
Buyer has to top up the difference in cash if actual valuation is lower than prelim valuation.

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

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This dilema exists when Purchaser is looking or need to get the maximum 80% loan for a property they are looking to purchase, therefore for such purchasers, it will be important in doing due diligence to make an offer. If the unit in question is an apartment of average 1200sqf size and renovations done to the apartment is not extensive, it is likely that the indicative valuation and actual valuation will not differ by much and has chance for the banks to match the valuation to the purchasing price, however, if the targeted selling price is significantly far off the indicative valuation, then you will really need to make judgement based on that. Perhaps taking some pictures of the apartment and finding out more facts and figures on the renovation done to the property and provision of these materials and information to the banks to obtain a bank indicative valuation can help better too.

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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