AskGuru Q&A Community

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

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