Asked by ah kow
what is the average valuation of an old 3 room flat in st george's road (no store room, separate bathroom and toilet. how much COV can i expect if flat is very run down, i.e. no renovations
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2 Answers
Morning Ah Kow,
THe current estimate valuation is around $340k to $350k. The realistic closing COV should be around $25k to $35k, depending on your unit's level and facing.
Do feel free to contact me if you require further assistance.
Regards
Mike Lim
96929209
ERA Read More
THe current estimate valuation is around $340k to $350k. The realistic closing COV should be around $25k to $35k, depending on your unit's level and facing.
Do feel free to contact me if you require further assistance.
Regards
Mike Lim
96929209
ERA Read More
Hi Ah Kow,
I can't help but notice the description that there is no toilet.
That aside, can I know the reason for you to consider selling?
Mike has painted a rosy picture for you in realistic closing COV at $25k to $35k. If you are a buyer, will you be comfortable in paying this amount of COV?
My advise to you is to not look so much into how much COV you can achieve but rather how can you increase the probable valuation to help offset the need for high COV. As you know, the lower the COV, the bigger pool of buyers you may have and yet it does not make a difference to your profit or cash proceeds (if it's a positive sale). This will not only help buyers but also yourself to sell the unit fast.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More
I can't help but notice the description that there is no toilet.
That aside, can I know the reason for you to consider selling?
Mike has painted a rosy picture for you in realistic closing COV at $25k to $35k. If you are a buyer, will you be comfortable in paying this amount of COV?
My advise to you is to not look so much into how much COV you can achieve but rather how can you increase the probable valuation to help offset the need for high COV. As you know, the lower the COV, the bigger pool of buyers you may have and yet it does not make a difference to your profit or cash proceeds (if it's a positive sale). This will not only help buyers but also yourself to sell the unit fast.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More