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Hi,

Buyers need to understand that we are in a Seller's market now, and Demand is stronger than Supply. If you feel that it is not worth it, other Buyers may feel otherwise.

Whether or not it is worth it will depend on the Buyer's needs and urgency to get the unit. If you can afford to wait, you may have the option to decide whether to go for it. Buyers who cannot afford to wait will have no choice.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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,

In this current market situation, there are several factors affecting prices of resale properties. The buyers who are actively in the market looking to buy are, like yourself, those with some urgency to buy. Hence, many of them are more willing to part with some cash savings to pay for COV.

I am experienced and familiar in both HDB and private transactions. You have several options available and how I can value-add will be to advice you on the pros and cons of each option for you to make the best choice. Do reach out to me for a non-obligatory discussion.

You can contact me at my hp number 8866 7000  . I will be happy to help you understand the current property market, before you make your decision.

Regards,
Diane Ong
PropNex Realty Pte Ltd Read More

Hi,

1) Current is the sellers' market using our term. Meaning demand is higher than supply.
2) In all transactions, it is a willing buyer and seller.
3) Personally will feel that a reasonable COV; $10k~$30k i.e. to pay for the current renovation and hassle to do it ourself is acceptable.
4) Paying $50k is usually for those bigger units such as EA/EM (135~150sqm) is more commonly seen, because this type of flat is no longer available. They were only built in the late 80s' and early 90s'.
5) I wanted to highlight that you might not be able to call for a $50k COV in the future when it is your turn to sell. Thus you have to assume that your property value is $50k lower than what you are paying now.
6) I hope you are more sensible in your consideration although I know this is difficult. This was the main reason some buyers seek assistance from an agent rather than DIY.

Hope the above answer to your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Good day,

COV is arguably a 70% mandatory in the current marketing being HDB or Private. A few factors to look into if paying COV.

1. Does the unit require renovation? if the unit is renovated, consider COV as renovation cost.
2. Is it a very rare unit in terms of facing, high floor, hardly anyone selling for a long while? if so then COV is mandatory.
3. Feeling/Fengshui. At times, it's the unit that chose you not you that choose the unit.

Lexus Teo
 90275509 
www.Facebook.com/LTERealEstate
www.YouTube.com/user/LexusTeo

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