Dear owner,
The valuation you have gotten via banks I assume are done on desktop basis, where there is no physical inspection of the property before they give you a figure. This is an indicative valuation, derived mainly from recent transactions of similar properties in the vicinity and with information like when renovation was done and its costs furnished to the banks for considerations.
I am unsure how true it is but I have heard before that banks work with different valuation panels therefore there will be different indicative valuation derived by the different banks, and that there will be rotation of the valuation panels between the banks, which explains why sometimes certain banks are able to give better valuation than others during a certain period of time but not others.
Nevertheless, the key consideration here for indicative valuation is as a guide, which I understand that no owners will be keen to sell below valuation, but similarly, no buyers will be keen to purchase above valuation. It is important to ascertain the guide in terms of value, while other aspects like number of transactions recently for similar units as well as number of similar units that are currently for sale to establish a better positioning for your unit before putting it up on sale according to your needs, in order to put up the best marketing strategy.
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 hear from you soon.
http://bit.ly/HDBMillionaire
Note: 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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