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Hi,

Yes the positive difference ($20k) between the agreed price ($300k) and the valuation ($280k) is the COV, or cash over valuation, which is payable only in cash.

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 Realtor
ERA Senior Marketing Director
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Hi, yes you are right. The difference is called the COV and will have to be paid in cash.

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

Hi,

Yes, you are right. And this Cash top-up is called Cash-Over-Valuation (COV).

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

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

Yes this is call COV. Only for HDB loan/fully paid cases the deposit amount paid to seller can be considered as part of COV. In the post COVID 19 where there is suddenly a surge in demand for resale flats, this is something we need to look into carefully as majority of sellers are expecting COV. Do contact me at 93375051  for a free and non obligatory discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More