hdb valuation need to tell seller agent?

[Lss]

how about private property? is the process similar, and bank will only loan based on valuation but not actual price?

Yes loan always base on valuation. That's why it's call cash over valuation.

 

[BlackStar00]

U don't need to outright tell amount also can ma.

If for courtesy sake, can just tell them
"can match valuation" or "cannot match"
That's all.

Need to top up or not is your daiji to decide ma.

 

[itedino]

just payed more interst lor

Ya I think u r right. look for uob loan. If hdb look for dbs to loan.

 

[buttbERry]

feel is not need to tell

 

[itedino]

ask u all ah, first time potential resale hdb buyer here. after i get the valuation from hdb hoh, am i obliged the show the valuation report to the seller? or tell them the value of their flat?

hdb site never say such things

Already signed otp mean seller grant u and confirm the selling to u. Tell or dun tell doesn't make any difference.

Once u exercise, seller have to sell to u

 

[itedino]

Yes loan always base on valuation. That's why it's call cash over valuation.

Yes let say

U confirm buying 500k
Valuation came out 400k, rest of 100k u top up with cash to seller.

 

[tankgunner]

No need cos you will be selling at your asking price mah