Afternoon,
Standing in the seller's shoes, higher selling price would mean more profit. And all sellers hope to sell higher for the obvious reason. As for buyers, COV component cannot be loan from bank under standard mortgage loan. This would then be something that buyers need to be sure of before committing. Let me quote you an example: you want to sell your unit at $400k, disregarding the value. Sounds like a good deal if your buyers are sure that your valuation ranges from $360k to $380k. But if your valuation have vast variation of $330k to $370k and your buyer commit at $400k where the valuation turns out at $330k, would there be able to cough out $70k? Do also note that since the OTP would have being signed, the default parties can be sued for compensation or put under specific performance.
FYI
Mike Lim
96929209
m52i@yahoo.com
ERA
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