Asked by Jim
I would like to know if selling a condo would/could incur COV? Thanks
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3 Answers
Hi Jim,
There is no COV for selling condo.
Cheers,
William Koh
9027 1972
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.ArcAtTampinesEC.com
ERA Read More
There is no COV for selling condo.
Cheers,
William Koh
9027 1972
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.ArcAtTampinesEC.com
ERA Read More
Evening Jim,
For condo, bank will try to match the selling price. However, if the bank is not able to match the selling price, the balance will be paid by cash, by the buyer, as bank will not be covering that particular component. You may consider it as the so call "COV".
FYI
Mike Lim
96929209
ERA Read More
For condo, bank will try to match the selling price. However, if the bank is not able to match the selling price, the balance will be paid by cash, by the buyer, as bank will not be covering that particular component. You may consider it as the so call "COV".
FYI
Mike Lim
96929209
ERA Read More
Hi Jim,
As far as private property is concern, typically a buyer will check if the bank can match the asking price of the seller before committing to an offer and therefore the price offered would like be able to be matched by the bank or the buyer has sufficient funds to cover the difference in amount should the value fall short of transacted price during proper valuation itself.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More
As far as private property is concern, typically a buyer will check if the bank can match the asking price of the seller before committing to an offer and therefore the price offered would like be able to be matched by the bank or the buyer has sufficient funds to cover the difference in amount should the value fall short of transacted price during proper valuation itself.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More
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