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The HDB resale value is an estimation of how much the resale flat is worth.
If you’re buying a resale HDB flat with your CPF savings, or a housing loan from HDB or a bank, you’ll need to submit a Request for Value from HDB.
As a resale buyer, you’ll have to negotiate with the seller on the selling price and pay him/her the option fee first before requesting for this HDB valuation.
Once the seller has granted you the Option to Purchase (OTP), you can then submit the valuation request to HDB.
If HDB decides that a valuation is indeed required to determine the value of the flat, an assigned valuer will come to the flat to inspect it.
Here's what you need to know about HDB valuation: https://www.propertyguru.com.sg/property-guides/hdb-valuation-sales-12882
Hope this answers your question.
Team PropertyGuru 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.
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I do understand your concern on this. HDB valuations will only be made available once you have optioned (placed an option fee) for the flat. This may be quite confusing procedures for buyer. An indicative value can be estimated through various sources prior to the purchase but is not a guarantee that HDB valuations will come out the same. When serving buyer, I would usually make a research on the indicative valuations and recent transaction price of that particular unit before advising my buyer on the reasonable offer amount. I am specialised in HDB transactions Do contact me at 93375051 for a free and non obligatory discussions on this.
ERA Realty Network Pte Ltd Read More
HDB Valuation is to be requested by the Buyer, within the next working day after being issued the OTP for the flat. If the flat is transacted outside a price range, a HDB appointed Valuer may go down to the flat for assessment before coming out with the Valuation.
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