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Free advice/discussion on buy/sell of Resale flat (Part 6)

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Old 18-06-2013, 11:53 AM   #61
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who pays for the flat valuation fees for resale hdb? Buyer or seller?
Valuation report is needed by buyer if want to apply Bank loan or HDB loan or use CPF to pay.

If the buyer can pay everything in CASH without using single cent from CPF. Then the buyer can no need to pay.

Or else..
normally situation, buyer paid
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Old 18-06-2013, 01:07 PM   #62
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Not many buyers can actually afford to pay off one lump sum in full without taking a loan like yourself.
vinz
Is the comment necessary when the question is who pay for the valuation report?

It is a fact that valuation report is not required. Whoever needs one pay for it.

It is required only when the buy need loan or like the therat said when CPF is used in the purchase.
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Old 18-06-2013, 04:57 PM   #63
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Valuation report is needed by buyer if want to apply Bank loan or HDB loan or use CPF to pay.

If the buyer can pay everything in CASH without using single cent from CPF. Then the buyer can no need to pay.

Or else..
normally situation, buyer paid
So means if pay by cpf and cash without loans, normally buyer will pay? What i understand is that if buyer needs loan then buyer will pay, din know that if pay partial using cpf also buyer borne the valuation fees costs.
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Old 18-06-2013, 06:16 PM   #64
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hi like to check for non citizen spouse scheme , can apply for hdb loan or only bank loan
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Old 18-06-2013, 06:28 PM   #65
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can apply for HDB loan.
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Old 18-06-2013, 06:47 PM   #66
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So means if pay by cpf and cash without loans, normally buyer will pay? What i understand is that if buyer needs loan then buyer will pay, din know that if pay partial using cpf also buyer borne the valuation fees costs.
Yes.
Want to use CPF,
CPF will ask.. for what
buyer .. buy house ..
CPF .. can.. where is the valuation report.

CPF only can use to pay till valuation reported price.
COV is only can paid by CASH.
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Old 24-06-2013, 09:30 AM   #67
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Hi,

What does it means if the offer price indicates (offers in excess of) ?
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Old 24-06-2013, 12:03 PM   #68
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Means they will only consider offers that are MORE than the stated amount.

they say "if you offering any amount lower than the quoted price, don't even need to try"

But I say, no harm trying..who knows you may get lucky
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Old 24-06-2013, 12:30 PM   #69
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Means they will only consider offers that are MORE than the stated amount.

they say "if you offering any amount lower than the quoted price, don't even need to try"

But I say, no harm trying..who knows you may get lucky
haha true!!!
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Old 24-06-2013, 02:56 PM   #70
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After you view the flat, then make an offer if you like the unit.

If it's way beyond the seller's expected price, then there is nothing you can do.

But if its near their expected price, you can maybe negotiate and meet in between.

-vinZ
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Old 25-06-2013, 09:36 AM   #71
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Thanks alot!!!
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Old 27-06-2013, 05:12 PM   #72
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I am a first time buyer in the open market for resale flats, as I am not eligible to buy from HDB at this point of time. Quite a few agents have shown us around the units in a particular locality, as per our preference. However, one thing I am miffed about is that, whenever I ask the seller's agent about the COV, the agents representing us are quick to intervene and want to discuss the COV privately only after we have left the unit.

It gives us the impression that the agent is trying to jack up the COV which can probably be "negotiated" to the amount that the seller was asking in the first instance.

Is this a normal practice in the industry? I personally found it a bit unethical, your thoughts? I would like to add that we have no qualms in paying the agent commission as long as he displays enough transparency in handling our case.
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Old 27-06-2013, 09:00 PM   #73
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hi I understand for 2nd hdb loan (buy resale first den sell existing flat) 50% of cash proceeds from existing flat has to go towards paying 2nd loan right?

if I take bank loan instead , does that mean I can keep 100% of the cash proceeds from selling existing flat?

thanks so much in advance
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Old 29-06-2013, 08:43 PM   #74
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My mum have recently bought a hdb resale flat without any grants and my sis is listed as an occupier. Sis is not paying through loan or CPF though. Already signed OTP but have not gone for HDB 1st appt.

Will my sis still be able to buy a private property immediately without going through 5 years MOP?
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Old 02-07-2013, 03:11 PM   #75
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Hihi,

Need advice on:

Mom (Divorcee cum 2nd time buyer) + Son (1st time buyer) bought BTO 4-room flat.
Took up a subsidy ( but I duno wat subsidy)
Never use CPF to pay.
Been paying bank loan in cash. Maybe now left like $30K.

Now Son wana remove his name. Let his mum (Divorcee) solely own the BTO 4-room.
Bcos he wans to get a BTO/Resale with gf.

Questions:

1) Must pay off all the balance 30K before can remove Son's name?

2) Any charges to pay? Like admin, transfer name thingy?

3) Can the Mom (Divorcee) solely own a BTO 4-room?
Or must downgrade?

*Mom, Son and gf are sg citizens

Thanks!

Last edited by wolfberries; 02-07-2013 at 03:14 PM..
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