Dear sir/madam,
Indicative valuations will be different as they are derived primarily based on the recent transactions of comparable units. I have used to always refer my clients to price their unit for sale based on the mid range of the bank indicative valuation, however, I realised that this method did not help in some of the cases as the more important indication of whether a unit will sell and how fast is more related towards the supply and demand of units in the market.
To quote you an example, I was in discussion with a client looking to sell his Marine Parade 5room flat in a point block. While the owner was checking on the indicative price range through valuation, I also found out that over the past 5 years period, there was only an average of 2.5 units of 5room flat transacted on a monthly basis. There are a total of more than 50 units currently being listed in the market of various conditions and prices, which loosely translates to oversupply and weak demand, therefore even pricing within valuation can potentially means poor responses.
This is when we really need to consider what the plans and objectives are behind the sale of existing place to position the property for sale.
I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 8,500 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at
81577565
.
I look very much to meeting you soon.
We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Register at bit.ly/RealDealSG today.
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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Regards,
Geryl LIM
Consultant - Director
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
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