A valuation if not a must if you want to sell your place.
However, for private residential and non-residential properties, the valuation fee is between $400 and $500 but it could be higher in some cases when the licensed appraisers are required to perform more tasks related to the appraisal, for example, floor space measurements. Some lending banks absorb the valuation fees on the conditions that there is to be no full resumption before the loan matures.
For an HDB flat, only the buyer can apply for the valuation. This happens after the buyer has negotiated with the seller the selling price of the HDB flat. After paying the option fee of an amount not exceeding $1,000, you then issue you an Option to Purchase (OTP) form after 7 days from the date of the Intent to Sell. The buyer can then submit the OTP to HDB to request for a valuation. An assigned valuer will then inspect the HDB flat to determine its valuation.
Hope this answers your question.
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No. You may text 9620 0827 for a casual chat.
Gavin Read More
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, are you referring to HDB flat?
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There is no need for you to do a Valuation prior to selling your property.
An experienced agent with up-to-date agent tools would be able to advise you on the range of prices you can sell your property for. And in today's market where demand supersedes supply, there is a good chance you can sell your property at a good price.
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.
PropNex Realty Read More
1) Before 2012, HDB flat revised the resale HDB flat valuation process. The seller can request to perform a valuation before selling so as to have a guide on how much to sell.
2) After the revision, only the buyer can submit a valuation request to HDB.
3) For private, it is about the same, is the buyer needs to know how much bank can loan before offering a price.
4) Having said all these, the seller can still put up a request to engage a private valuer to perform a valuation.
5) Both in HDB and private, this valuation price might not necessarily be consistent with the buyer's valuer.
6) In HDB, it is the valuation price that performs by HDB appointed valuer that has the final say.
7) Likewise the same for private because the seller cannot possibly or reluctant to request a valuation from all banks in Singapore. Thus the final value will determine by the bank's appointed valuer's report.
8) Do note that every formal valuation report costs around $250.
9) Since it is the buyer's valuation has the final call. The seller became reluctant to spend this money just to determine their selling price.
10) Thus other than analyze the market, region, individual projects, individual block, and finally a particular unit on a certain level. Most of the sellers will rely on their agent to perform all the analyses to determine the final selling price.
11) You do not need to perform a valuation for your place in order to put it out for sale.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636, or email: firstname.lastname@example.org if more information is needed.
I'll be glad to assist.
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I am happy to assist you. As seller, you dont need to have valuation report for your property.
Feel free to contact me via whatsapp or call at 8938 7686
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