AskGuru Q&A Community

Hi,

Valuation tools used by the different companies varies resulting in the difference in valuation amount. Do note that these valuation are just an indicative. Other factors like high/low floor, renovation, facing etc are contributing factors as well. To get a more accurate valuation, we need to get banker/valuer.

I am a resident agent in the EAST. Do contact me if you need further assistance.

Cheers,

Rayne Chua
 92366794 
rayne.chua@hotmail.com
CEA Reg No. R058058B
Propnex Realty Pte Ltd
www.raynechua.com
www.facebook.com/propertysgrayne Read More

Hi, I would think that for valuation wise, the best will be going for the banker cos the loan will come from their side in the first place. And it is usually more accurate. Pls feel free to let me know if you need any banker's contact or any other assistance.

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

Dear Sir/Mdm,

I my opinion, it is better to get an indicative valuation for the fair valuation of your place before putting it in the market. There are certain limitations that The Edge Fair Value and other valuation tools that are available online. Ultimately, the buyer who buys your place will need to get a valuation from one of the banks for the loan and therefore a bank indicative valuation is a more reflective value.

Please feel free to contact me so that I can find out the bank indicative valuation for your place!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Dear sir,

Indicative valuation basically is only an indication. The true value of a property lies in how much a potential buyer is ready to offer for your unit. I am aware that size of all units in Windy Heights are the same, where main differences lies with its orientation (highway facing, pool facing or landed facing) as well as its conditions. Indicative valuation does not take into considerations some of the attributes which buyers prefer.

Imagine the pool of ready buyers for Windy Heights is about 2 or 3 of them, but there are currently 10 units in Windy Heights available for sale, what could the potential of pricing that buyer is willing to offer versus if there are 10 interested buyers over 3 units available for sale in Windy Heights?

Market behaviour wise, most buyers will rely to refering to the recent transactions within the development to make an offer (most times lower than last transacted), which I am pretty sure if you are in the buyer position today, you are likely to decide based on such statistics.

Sales of a property is not only about pricing it around valuation, but it involves understanding about the dynamics of marketing, sales pitching, negotiating and positioning.

Speak to a consultant to find out more about such dynamics unless you are only looking for an agent to sell. There is definitely a difference to the entire process between these 2.

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

Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team

Claim your free home report today at https://bit.ly/ClaimFreeReport.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

Room Rental @ https://www.facebook.com/SGRentARoom/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

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

G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

Hi,

The indicative valuation tools provide just indicative estimates that should be taken as such, as an indicative reference. Many aspects such as the unit condition, facing, supply of units for sale currently in same project, supply of buyer pool actively viewing cannot be captured hence I feel you need not be too concerned about the figures. To have an idea how they arrive at the figures, you might want to call in to check out their methodology or online if they have published. My guess is a large part of it is adapting comparable transaction figures in the vicinity and condo itself.

For private resale, the valuer is required to give an opinion for the buyer's bank loan application. Getting their opinion arguably helps but I have also gotten differing values for the same property I marketed while making different enquries over the phone with different bank panel valuers.

If you wish to have a peace of mind before commencing any marketing, the best option is to spend a fee to conduct a proper physical valuation by a professional licensed valuer. The cost is insignificant versus the potential mis-pricing of property. Hope this value-adds to the discussion.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials) Read More