Anonymous
Does Valuation increase with Property price increase trend?
With recent surge in property price, my concern is that valuation doesnt follow and I will need to fork out a lot more cash for the difference in valuation amount when buying my first resale HDB. Hoping to find some advices here
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- You mean general price trend? Not really. Alot of factors.
- Go SRX website to look at recent transaction, of the block u want to buy, similar unit , size .....as long price dont off by too much, should be ok.
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I believe valuation does follow price trend, not too sure for private property, but just simply look...
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Hi! With the hot property market, Cash-over-Valuation (COV) - i.e. having to pay cash if the valuation of the HDB is lower than the buying price - is definitely a legit concern!
Still, it is possible to buy a house that have $0 COV (we bought few months ago without any COV!) - most importantly if how you offer and negotiate with the seller, and use statistics and data to help yourself.
Should you need any help in the buying process, let me know!
Nik C.
ERA Realty Network Pte Ltd
Chat with me over WhatsApp @ wa.me/6586858778