HDB Resale Valuation

[jeffprobst]

If u looking for a forever home and no intention to sell it ever again, maybe u can go ahead if u like it so muxh

but i wouldnt if i were u. I especially detest ppl flipping hdb for profits, if condo i nothing to say but hdb is the basic shelter for ppl to stay, even if i like the unit i will not support their cause, especially to my detriment.
It doesnt help when u hired a buyer agent who seem to encourage u to pay above market valuation, seem like ur agent is looking out for her pwn interest nia

anyway for a cov 24k im quite aure there are way more out there which is better

yeah. unlikely to proceed but more because of the agents and the seller and high cov that past the amount I'm comfortable to pay. I'm def happy with the location and okay with the unit.

Oh well. Hope the final buyer be happy with the purchase.

 

[Travis_Touchdown]

buy house must happy

if no happy buy already everyday feel regeret only

singles like us get the short end of the stick cos can either buy 2 rm bto or if want bigger than 2 rm, can only buy reasles

people like us who buyed resales is fund the bto-flippers' "lottery" earnings for their housing upgrades/ retirement etc

singles ish the lowest lifeform... everything also cannotch do...

 

[daadeedum]

is it the norm for otp fees to be at $1000? anyone paid lesser at around $100 $200 before?

 

[vinz]

Possible.

But 99% of the sellers / agent won't even consider that buyers are serious if they don't even come out with $1000 deposit for a 300k 400k purchase.

And most important, sellers are obliged to wait 3 weeks for buyers to confirm the deal (after valuation is out),

and if buyers back out (happen often lately), buyers just forfeit this amount, seller will waste their 3 weeks..

No logic for buyer to accept a small amount for first deposit.

Long ago yes, when valuation is done first and unit is sold at valuation or below, buyers can negotiate with sellers on this amount as they can exercise their otp on the spot. Thus buyer no need come up with much cash and just use their cpf.

-vinz

 

[del]

I think SRX and last transacted price is a very good guideline. It cannot be off too far.

One thing i suspect is also HDB evaluator will try to match the price offered if it is not too ridiculous far off.

In such cases usually they wont even do a site visit. If they do a site visit, then prepare for COV.

But this is just my guess and a little experience from my own purchase.

 

[haikallp]

is it the norm for otp fees to be at $1000? anyone paid lesser at around $100 $200 before?

I wouldn't actually say $1K is the norm. Most of the time its negotiable. However $100-$200 a bit tough too get to. $500 is the norm I feel.

 

[k3nshinz]

Hi Bros and sis, any idea what is the cov range in Yishun newly MOp unit?

 

[simon_84]

Near nex...

Well my ex colleague bought there and did not disclose how much cov he was paying for a unit similar to my 3r built around 1985 range in bukit batok.

When I saw he only had enough funds to renovate the kitchen and change new AC, I kinda guess that his cov was heavy, considering that he did not qualify to take up a hdb loan.

 

[haikallp]

Hi Bros and sis, any idea what is the cov range in Yishun newly MOp unit?

Depends on the offered price and location of the unit bah.

 

[mryang]

is it the norm for otp fees to be at $1000? anyone paid lesser at around $100 $200 before?

$1k for OTP or some split into two $500 for OTP if they can't decide their or still waiting for better option to come along .