Asked by
Now the resale market is doing away with the COV, may I know how it would affect buyer & seller in the long run? (1) Agreed Price = $500K, Valuation Price = 600K (2) Agreed Price = $500K, Valuation = 400K
0
861 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Hi Mr Ding, in the long run this will be a fair system for both seller and buyer. And for the seller, they even get to save that few hundred dollars of valuation report, now that the application of valuation report will be done by the buyer or their agent. Regards Aaron 97308455  aaronchong2774@yahoo.com.sg Read More
0
Afternoon, With the new ruling, we are looking at transacted price as a whole. COV and CUV does exists but it will not be a factor to consider for Sales and Purchase as you need to secure the Option before requesting for valuation. If your agreed price is $500 while the value is at $600k, you are not required to top up cash as it's similar to CUV cases. But if the value is at $400k, bank can only loan you max of that sum. Therefore, you will still be required to top up the difference by cash. Hope I have helped you get a better light of the situation. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
0
Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
8 2 7 9 8 3 2 7

Questions Like .. Review ...
Recommended
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?

Shalom

Blessed , Regards

Koh Z H - Agt
hp- 8 2 7 9 8 3 2 7
Cea Reg - R 0 5 7 8 1 0 C
Orangetee - L3009250K
AAG Team Agent

***Recruitment Agt Welcome

My propertyguru Commercialguru Site

Welcome owner/Landlord to list through us

Residential , Commercial , Industrial
Room Rental Welcomed too Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions