**Guide Price** refers to an estimated price set by the seller or agent for a property, intended to give potential buyers an idea of what the property might sell for.
### Key Points:
1. **Not a Fixed Price**: It’s not necessarily the final selling price; rather, it serves as a starting point for negotiations.
2. **Valuation vs. COV**: The guide price can be based on the property's market valuation, but it may also include a **Cash Over Valuation (COV)** component if the seller expects buyers to pay more than the property's appraised value.
3. **Purpose**: It helps attract interest from buyers while providing some flexibility in the final sale price.
If you have more questions about property terms or pricing, feel free to ask!
WhatsApp me at: ABLE Toh
(65) 9856-9255
or through this link.:https://wa.me/6598569255
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like renting / selling, buying / or investing, I'm here to help!
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(***) You can READ my REVIEWS here:
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