Asked by Anonymous
which HDB resale areas will likely get COV if buy ? how to avoid COV ?
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3 Answers
You need to do your due diligence when it comes to making an offer. There is no 100% absolute to avoid COV because valuation is only done when you have agreed on a purchase price with seller, with deposit paid and OTP granted to you.
End of the day, it will be a willing seller and buyer before we can reach this stage. Should valuation be lower than the transacted price (COV applicable in this case), buyer can choose to have the deposit forfeited and walk away from the deal.
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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Regards,
Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com
G.A Landed Dynamic Alliance
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End of the day, it will be a willing seller and buyer before we can reach this stage. Should valuation be lower than the transacted price (COV applicable in this case), buyer can choose to have the deposit forfeited and walk away from the deal.
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Claim your free home report today at http://bit.ly/ClaimFreeReport.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://youtu.be/6UfrCOCB6Mg
Regards,
Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com
G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More
Good morning,
If you are doing DIY on purchase, then you have to understand the market trend and resale value of the estate that you are looking at. For us to advise on the COV component is as tough as telling people when will the earthquake strike.
If you are really concern about the issue, engage an estate agent to assist you accordingly. By knowing with estate you are looking at, along with the sizing model, sizing, actual location, facing, unit condition and the market trend, the estate agent will be able to provide you with a pin-point estimate.
Do feel free to contact me should you require additional assistance.
Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More
If you are doing DIY on purchase, then you have to understand the market trend and resale value of the estate that you are looking at. For us to advise on the COV component is as tough as telling people when will the earthquake strike.
If you are really concern about the issue, engage an estate agent to assist you accordingly. By knowing with estate you are looking at, along with the sizing model, sizing, actual location, facing, unit condition and the market trend, the estate agent will be able to provide you with a pin-point estimate.
Do feel free to contact me should you require additional assistance.
Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More
Hi,
COV will likely occur in locations where supply is less than demand. When a unit in such a location comes up for sale, there will be herds of ready buyers willing to come out with COV to get that unit.
To avoid the chance of paying COV, you can target other locations where the supply meets demand, or even in oversupply areas, where you can sometimes get below valuation.
Should you need any 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.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
COV will likely occur in locations where supply is less than demand. When a unit in such a location comes up for sale, there will be herds of ready buyers willing to come out with COV to get that unit.
To avoid the chance of paying COV, you can target other locations where the supply meets demand, or even in oversupply areas, where you can sometimes get below valuation.
Should you need any 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.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More