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 24 Sep 08 4:30 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | No2COV wrote: | If the buyer has a place to stay and can wait, what's there to lose?
maybe 1 grp, which are sellers who sold their place at high COV (thinking of making a quick bucks ) and desparate of getting another got no time to wait...thus got to pay high cash which they got earlier...so end of the day, how many pple really earn in cash $ after paying off reno, new loan etc...what goes around, comes around...there may be a small grp who did earn, but how much? so, is it fair that sellers asking high COV from buyers in order to cover his next purchase? this called a win-win?
nobody saying sell cheap...the current valuation is not cheap at all! 
if the reason to upgrade or to sell the house is a NEED, not a WANT to make $...then selling at valuation is reasonable..anyway...HDB flat is always a HDB flat..you do not OWN the flat...y must pay so much to lease from HDB?
quote{ "those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest..." } unquote..
so can you enlighten us..what is included in the valuation?
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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The renovation is not included in the COV. And the location and the floor level...expect a competition...you will never get this kind of flat at valuation...either in good or bad times. |
Correction: The renovation is not included in the valuation. |
If renovation is not included in the valuation, kindly explain why does the valuers inspect and take pictures of the houses when doing inspections for valuations?  |
Aiyah..you dont believe then feel free to ask the company who does valuation loh...I know because I have seen same block of flat at Punggol Central...
Flat 1
high floor, nicely renovated, all custom made wardrobe in every room, even TV console, got oven, false ceiling, bomb shelter covered by cabinet, no noon or morning sun..valuation 400K
Flat2
lower floor, partly furnish, all the wardrobe can move one, think from IKEA...same facing with the 1st flat, no false ceiling, just basic only..valuation also 400K.
From this i know the renovation will not factor in. Well, unless they use different valuator..but can the difference be so much? Just ask HDB or those valuation company the things that they included in the valuation..and they will tell you renovation will not be a major factor in the valuation. One of the reason that i can think of: You may like the renovation but the potential owner dont...he/she may hack everything and renovate according to his taste... |
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24 Sep 08 4:42 pm |
| speaking as a trained valuer, renovation is usually not taken into account as design is not attributed a value. however, general conditions of the house is still considered. |
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Guest
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24 Sep 08 4:48 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | No2COV wrote: | If the buyer has a place to stay and can wait, what's there to lose?
maybe 1 grp, which are sellers who sold their place at high COV (thinking of making a quick bucks ) and desparate of getting another got no time to wait...thus got to pay high cash which they got earlier...so end of the day, how many pple really earn in cash $ after paying off reno, new loan etc...what goes around, comes around...there may be a small grp who did earn, but how much? so, is it fair that sellers asking high COV from buyers in order to cover his next purchase? this called a win-win?
nobody saying sell cheap...the current valuation is not cheap at all!
if the reason to upgrade or to sell the house is a NEED, not a WANT to make $...then selling at valuation is reasonable..anyway...HDB flat is always a HDB flat..you do not OWN the flat...y must pay so much to lease from HDB?
quote{ "those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest..." } unquote..
so can you enlighten us..what is included in the valuation?
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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The renovation is not included in the COV. And the location and the floor level...expect a competition...you will never get this kind of flat at valuation...either in good or bad times. |
Correction: The renovation is not included in the valuation. |
If renovation is not included in the valuation, kindly explain why does the valuers inspect and take pictures of the houses when doing inspections for valuations? |
Aiyah..you dont believe then feel free to ask the company who does valuation loh...I know because I have seen same block of flat at Punggol Central...
Flat 1
high floor, nicely renovated, all custom made wardrobe in every room, even TV console, got oven, false ceiling, bomb shelter covered by cabinet, no noon or morning sun..valuation 400K
Flat2
lower floor, partly furnish, all the wardrobe can move one, think from IKEA...same facing with the 1st flat, no false ceiling, just basic only..valuation also 400K.
From this i know the renovation will not factor in. Well, unless they use different valuator..but can the difference be so much? Just ask HDB or those valuation company the things that they included in the valuation..and they will tell you renovation will not be a major factor in the valuation. One of the reason that i can think of: You may like the renovation but the potential owner dont...he/she may hack everything and renovate according to his taste... |
i think the renovation already included if the renovation was done less than 5 years , more than 5 years then no value ,
as you mention the flat 1 by default will get 400K and for flat 2 it might get about 370K but the agent will talk to Valuer to increase up to 400K
i sold mine , the valuer value the unit for 260 on first valuvation but my agent arrange 2nd valuvation within a week and he manage talk to the valuer and he get it to 290 |
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24 Sep 08 4:49 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | No2COV wrote: | If the buyer has a place to stay and can wait, what's there to lose?
maybe 1 grp, which are sellers who sold their place at high COV (thinking of making a quick bucks ) and desparate of getting another got no time to wait...thus got to pay high cash which they got earlier...so end of the day, how many pple really earn in cash $ after paying off reno, new loan etc...what goes around, comes around...there may be a small grp who did earn, but how much? so, is it fair that sellers asking high COV from buyers in order to cover his next purchase? this called a win-win?
nobody saying sell cheap...the current valuation is not cheap at all!
if the reason to upgrade or to sell the house is a NEED, not a WANT to make $...then selling at valuation is reasonable..anyway...HDB flat is always a HDB flat..you do not OWN the flat...y must pay so much to lease from HDB?
quote{ "those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest..." } unquote..
so can you enlighten us..what is included in the valuation?
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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The renovation is not included in the COV. And the location and the floor level...expect a competition...you will never get this kind of flat at valuation...either in good or bad times. |
Correction: The renovation is not included in the valuation. |
If renovation is not included in the valuation, kindly explain why does the valuers inspect and take pictures of the houses when doing inspections for valuations? |
Aiyah..you dont believe then feel free to ask the company who does valuation loh...I know because I have seen same block of flat at Punggol Central...
Flat 1
high floor, nicely renovated, all custom made wardrobe in every room, even TV console, got oven, false ceiling, bomb shelter covered by cabinet, no noon or morning sun..valuation 400K
Flat2
lower floor, partly furnish, all the wardrobe can move one, think from IKEA...same facing with the 1st flat, no false ceiling, just basic only..valuation also 400K.
From this i know the renovation will not factor in. Well, unless they use different valuator..but can the difference be so much? Just ask HDB or those valuation company the things that they included in the valuation..and they will tell you renovation will not be a major factor in the valuation. One of the reason that i can think of: You may like the renovation but the potential owner dont...he/she may hack everything and renovate according to his taste... |
I second, third... your opinion. I have seen so many cases like you and strange enough... the worst house is costlier by 20K-25K for a 300K house.
Valuation just depends upon latest transaction around the vicinity and the valuer. As simple as it is. |
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Guest
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24 Sep 08 4:53 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | No2COV wrote: | If the buyer has a place to stay and can wait, what's there to lose?
maybe 1 grp, which are sellers who sold their place at high COV (thinking of making a quick bucks ) and desparate of getting another got no time to wait...thus got to pay high cash which they got earlier...so end of the day, how many pple really earn in cash $ after paying off reno, new loan etc...what goes around, comes around...there may be a small grp who did earn, but how much? so, is it fair that sellers asking high COV from buyers in order to cover his next purchase? this called a win-win?
nobody saying sell cheap...the current valuation is not cheap at all!
if the reason to upgrade or to sell the house is a NEED, not a WANT to make $...then selling at valuation is reasonable..anyway...HDB flat is always a HDB flat..you do not OWN the flat...y must pay so much to lease from HDB?
quote{ "those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest..." } unquote..
so can you enlighten us..what is included in the valuation?
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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The renovation is not included in the COV. And the location and the floor level...expect a competition...you will never get this kind of flat at valuation...either in good or bad times. |
Correction: The renovation is not included in the valuation. |
If renovation is not included in the valuation, kindly explain why does the valuers inspect and take pictures of the houses when doing inspections for valuations? |
HDB valuation is only a reference. Actually, do not trust them too much. You need to have ur own judgement of the reasonable price. |
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Guest
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24 Sep 08 4:55 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | No2COV wrote: | If the buyer has a place to stay and can wait, what's there to lose?
maybe 1 grp, which are sellers who sold their place at high COV (thinking of making a quick bucks ) and desparate of getting another got no time to wait...thus got to pay high cash which they got earlier...so end of the day, how many pple really earn in cash $ after paying off reno, new loan etc...what goes around, comes around...there may be a small grp who did earn, but how much? so, is it fair that sellers asking high COV from buyers in order to cover his next purchase? this called a win-win?
nobody saying sell cheap...the current valuation is not cheap at all!
if the reason to upgrade or to sell the house is a NEED, not a WANT to make $...then selling at valuation is reasonable..anyway...HDB flat is always a HDB flat..you do not OWN the flat...y must pay so much to lease from HDB?
quote{ "those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest..." } unquote..
so can you enlighten us..what is included in the valuation?
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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The renovation is not included in the COV. And the location and the floor level...expect a competition...you will never get this kind of flat at valuation...either in good or bad times. |
Correction: The renovation is not included in the valuation. |
If renovation is not included in the valuation, kindly explain why does the valuers inspect and take pictures of the houses when doing inspections for valuations? |
Aiyah..you dont believe then feel free to ask the company who does valuation loh...I know because I have seen same block of flat at Punggol Central...
Flat 1
high floor, nicely renovated, all custom made wardrobe in every room, even TV console, got oven, false ceiling, bomb shelter covered by cabinet, no noon or morning sun..valuation 400K
Flat2
lower floor, partly furnish, all the wardrobe can move one, think from IKEA...same facing with the 1st flat, no false ceiling, just basic only..valuation also 400K.
From this i know the renovation will not factor in. Well, unless they use different valuator..but can the difference be so much? Just ask HDB or those valuation company the things that they included in the valuation..and they will tell you renovation will not be a major factor in the valuation. One of the reason that i can think of: You may like the renovation but the potential owner dont...he/she may hack everything and renovate according to his taste... |
i think the renovation already included if the renovation was done less than 5 years , more than 5 years then no value ,
as you mention the flat 1 by default will get 400K and for flat 2 it might get about 370K but the agent will talk to Valuer to increase up to 400K
i sold mine , the valuer value the unit for 260 on first valuvation but my agent arrange 2nd valuvation within a week and he manage talk to the valuer and he get it to 290 |
See, I already mentioned, it depends on latest transaction and VALUER.. offer a copi and your valuation is 30K UP!! |
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Guest
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24 Sep 08 5:14 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | No2COV wrote: | If the buyer has a place to stay and can wait, what's there to lose?
maybe 1 grp, which are sellers who sold their place at high COV (thinking of making a quick bucks ) and desparate of getting another got no time to wait...thus got to pay high cash which they got earlier...so end of the day, how many pple really earn in cash $ after paying off reno, new loan etc...what goes around, comes around...there may be a small grp who did earn, but how much? so, is it fair that sellers asking high COV from buyers in order to cover his next purchase? this called a win-win?
nobody saying sell cheap...the current valuation is not cheap at all!
if the reason to upgrade or to sell the house is a NEED, not a WANT to make $...then selling at valuation is reasonable..anyway...HDB flat is always a HDB flat..you do not OWN the flat...y must pay so much to lease from HDB?
quote{ "those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest..." } unquote..
so can you enlighten us..what is included in the valuation?
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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The renovation is not included in the COV. And the location and the floor level...expect a competition...you will never get this kind of flat at valuation...either in good or bad times. |
Correction: The renovation is not included in the valuation. |
If renovation is not included in the valuation, kindly explain why does the valuers inspect and take pictures of the houses when doing inspections for valuations? |
Aiyah..you dont believe then feel free to ask the company who does valuation loh...I know because I have seen same block of flat at Punggol Central...
Flat 1
high floor, nicely renovated, all custom made wardrobe in every room, even TV console, got oven, false ceiling, bomb shelter covered by cabinet, no noon or morning sun..valuation 400K
Flat2
lower floor, partly furnish, all the wardrobe can move one, think from IKEA...same facing with the 1st flat, no false ceiling, just basic only..valuation also 400K.
From this i know the renovation will not factor in. Well, unless they use different valuator..but can the difference be so much? Just ask HDB or those valuation company the things that they included in the valuation..and they will tell you renovation will not be a major factor in the valuation. One of the reason that i can think of: You may like the renovation but the potential owner dont...he/she may hack everything and renovate according to his taste... |
i think the renovation already included if the renovation was done less than 5 years , more than 5 years then no value ,
as you mention the flat 1 by default will get 400K and for flat 2 it might get about 370K but the agent will talk to Valuer to increase up to 400K
i sold mine , the valuer value the unit for 260 on first valuvation but my agent arrange 2nd valuvation within a week and he manage talk to the valuer and he get it to 290 |
See, I already mentioned, it depends on latest transaction and VALUER.. offer a copi and your valuation is 30K UP!! |
fishy huh. maybe we can challenge the valuer if such things get exposed. |
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Guest
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24 Sep 08 5:22 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | No2COV wrote: | If the buyer has a place to stay and can wait, what's there to lose?
maybe 1 grp, which are sellers who sold their place at high COV (thinking of making a quick bucks ) and desparate of getting another got no time to wait...thus got to pay high cash which they got earlier...so end of the day, how many pple really earn in cash $ after paying off reno, new loan etc...what goes around, comes around...there may be a small grp who did earn, but how much? so, is it fair that sellers asking high COV from buyers in order to cover his next purchase? this called a win-win?
nobody saying sell cheap...the current valuation is not cheap at all!
if the reason to upgrade or to sell the house is a NEED, not a WANT to make $...then selling at valuation is reasonable..anyway...HDB flat is always a HDB flat..you do not OWN the flat...y must pay so much to lease from HDB?
quote{ "those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest..." } unquote..
so can you enlighten us..what is included in the valuation?
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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The renovation is not included in the COV. And the location and the floor level...expect a competition...you will never get this kind of flat at valuation...either in good or bad times. |
Correction: The renovation is not included in the valuation. |
If renovation is not included in the valuation, kindly explain why does the valuers inspect and take pictures of the houses when doing inspections for valuations? |
Aiyah..you dont believe then feel free to ask the company who does valuation loh...I know because I have seen same block of flat at Punggol Central...
Flat 1
high floor, nicely renovated, all custom made wardrobe in every room, even TV console, got oven, false ceiling, bomb shelter covered by cabinet, no noon or morning sun..valuation 400K
Flat2
lower floor, partly furnish, all the wardrobe can move one, think from IKEA...same facing with the 1st flat, no false ceiling, just basic only..valuation also 400K.
From this i know the renovation will not factor in. Well, unless they use different valuator..but can the difference be so much? Just ask HDB or those valuation company the things that they included in the valuation..and they will tell you renovation will not be a major factor in the valuation. One of the reason that i can think of: You may like the renovation but the potential owner dont...he/she may hack everything and renovate according to his taste... |
i think the renovation already included if the renovation was done less than 5 years , more than 5 years then no value ,
as you mention the flat 1 by default will get 400K and for flat 2 it might get about 370K but the agent will talk to Valuer to increase up to 400K
i sold mine , the valuer value the unit for 260 on first valuvation but my agent arrange 2nd valuvation within a week and he manage talk to the valuer and he get it to 290 |
See, I already mentioned, it depends on latest transaction and VALUER.. offer a copi and your valuation is 30K UP!! |
fishy huh. maybe we can challenge the valuer if such things get exposed. |
OMG...Singapore also can do like that huh? I can supply him kopi for a full month if they manage to up the valuation by 30K...this valuator assigned by HDB yet do not have integrity in their job. haizz |
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24 Sep 08 5:38 pm |
need to investigate the case of "30k val increase within a week"
2 possibilities:
a). if it's false -> try to ruin the reputation of hdb valuer
b). if it's true -> hm, hm, start of big trouble.
Record down the IP of the author. |
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Guest
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24 Sep 08 6:10 pm |
| Anonymous wrote: | need to investigate the case of "30k val increase within a week"
2 possibilities:
a). if it's false -> try to ruin the reputation of hdb valuer
b). if it's true -> hm, hm, start of big trouble.
Record down the IP of the author. |
I don;t think anyone bothers to moderate this forum. So who is going to take the trouble to investigate? |
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No2COV
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24 Sep 08 8:14 pm |
some postings here is just plain irresponsible and might not be true...
if agents can affect valuators professionism as an HDB appointed valuators...please show proves...then it will further shows that sellers asking for high COV has no rights to do so at all! 
I had my valuation report which states, [quote]:
"Our valuation is based on direct comparison with HDB recorded sales within the vicinity or similar HDB estates and the necessary adjustments being made for location, type, age and condition of flat, floor levels and orientation and RENOVATIONS. For purpose of valuation, we assume that all additions, alterations and improvements carried out have been approved by the HDB. "
[/unquote]
so if this HDB appointed valuation company states this, does the other companies appointed by HDB be the same as well? or double standards? then something must be done from HDB
for the scenerios quoted, maybe these 2 units under same block did the valuation at different timing....thus based on their individual recent transaction around them, coincedentally have the same valuation...well, just my guess 
[/b] |
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Guest
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24 Sep 08 11:38 pm |
| Anonymous wrote: | | Anonymous wrote: | need to investigate the case of "30k val increase within a week"
2 possibilities:
a). if it's false -> try to ruin the reputation of hdb valuer
b). if it's true -> hm, hm, start of big trouble.
Record down the IP of the author. |
I don;t think anyone bothers to moderate this forum. So who is going to take the trouble to investigate? |
No one? OK, I dont mind doing something. If the timing gap of these 2 valuations is within a week, there is something wrong definitely. I will write an email to HDB to complain, and ask them to check all those weired valuations. If I am not satisfied with their feedback, I will take futher actions to try to ease the doubts (eg, write to newspaper or MP).
Pls give more details / clues of those weired valuations. As a buyer, I will be happy to help to regulate the market. |
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Guest
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25 Sep 08 8:47 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | need to investigate the case of "30k val increase within a week"
2 possibilities:
a). if it's false -> try to ruin the reputation of hdb valuer
b). if it's true -> hm, hm, start of big trouble.
Record down the IP of the author. |
I don;t think anyone bothers to moderate this forum. So who is going to take the trouble to investigate? |
No one? OK, I dont mind doing something. If the timing gap of these 2 valuations is within a week, there is something wrong definitely. I will write an email to HDB to complain, and ask them to check all those weired valuations. If I am not satisfied with their feedback, I will take futher actions to try to ease the doubts (eg, write to newspaper or MP).
Pls give more details / clues of those weired valuations. As a buyer, I will be happy to help to regulate the market. |
you can ask them for not to include the COV as part of the valuvation as the bank and hdb does not include this as part of the mortgage and real property price |
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Guest
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25 Sep 08 8:59 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | need to investigate the case of "30k val increase within a week"
2 possibilities:
a). if it's false -> try to ruin the reputation of hdb valuer
b). if it's true -> hm, hm, start of big trouble.
Record down the IP of the author. |
I don;t think anyone bothers to moderate this forum. So who is going to take the trouble to investigate? |
No one? OK, I dont mind doing something. If the timing gap of these 2 valuations is within a week, there is something wrong definitely. I will write an email to HDB to complain, and ask them to check all those weired valuations. If I am not satisfied with their feedback, I will take futher actions to try to ease the doubts (eg, write to newspaper or MP).
Pls give more details / clues of those weired valuations. As a buyer, I will be happy to help to regulate the market. |
you can ask them for not to include the COV as part of the valuvation as the bank and hdb does not include this as part of the mortgage and real property price |
i have question here , say in partiticular area there is 50 house on sale 25 out of 50 is nicely renovated and another 15 is basic renovation and another 10 was not renovated , in this case of course the first 25 with nicely renovated will be sell , then the valuvation increase then the 2nd 15 will be sell wiht higher price then the first one , finally because of the first and second transaction the 3rd one will sell in much rate then 1st and 2nd one . this is my understanding ? so in this case do you guys think the COV is double up from 2nd transcation onward. do you guys thinks the COV need to be part of transacted price as the valuer will use as guide to new valuvation |
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25 Sep 08 9:47 am |
[quote="No2COV"]some postings here is just plain irresponsible and might not be true...
if agents can affect valuators professionism as an HDB appointed valuators...please show proves...then it will further shows that sellers asking for high COV has no rights to do so at all!
I had my valuation report which states, | Quote: | :
"Our valuation is based on direct comparison with HDB recorded sales within the vicinity or similar HDB estates and the necessary adjustments being made for location, type, age and condition of flat, floor levels and orientation and RENOVATIONS. For purpose of valuation, we assume that all additions, alterations and improvements carried out have been approved by the HDB. "
[/unquote]
so if this HDB appointed valuation company states this, does the other companies appointed by HDB be the same as well? or double standards? then something must be done from HDB
for the scenerios quoted, maybe these 2 units under same block did the valuation at different timing....thus based on their individual recent transaction around them, coincedentally have the same valuation...well, just my guess
[/b] |
I also think so but if it is done at different time...only 3 months difference mah, the most... |
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25 Sep 08 9:50 am |
[quote="Anonymous"] | No2COV wrote: | some postings here is just plain irresponsible and might not be true...
if agents can affect valuators professionism as an HDB appointed valuators...please show proves...then it will further shows that sellers asking for high COV has no rights to do so at all!
I had my valuation report which states, | Quote: | :
"Our valuation is based on direct comparison with HDB recorded sales within the vicinity or similar HDB estates and the necessary adjustments being made for location, type, age and condition of flat, floor levels and orientation and RENOVATIONS. For purpose of valuation, we assume that all additions, alterations and improvements carried out have been approved by the HDB. "
[/unquote]
so if this HDB appointed valuation company states this, does the other companies appointed by HDB be the same as well? or double standards? then something must be done from HDB
for the scenerios quoted, maybe these 2 units under same block did the valuation at different timing....thus based on their individual recent transaction around them, coincedentally have the same valuation...well, just my guess
[/b] |
I also think so but if it is done at different time...only 3 months difference mah, the most... |
any idea whether the valuvation can done before 3 month say the 1st vlauvation done 2 weeks before the queater end then another one after 2 weeks in 2nd quater to bring up the price for after new quater result |
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25 Sep 08 9:53 am |
| back to the track , now shares not doing well , us economy worse , Singapore GDB might be below 4% so do you guys think the Q4 2008 price will be increase |
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No2COV
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25 Sep 08 9:54 am |
u mean include or not include?
if include, the valuation is higher, thus can loan higher. if NOT include, then valuation lower, loan lesser but need to pay MORE cash rite?
pls correct me if I am wrong...
but....can ask them to do that one meh?
[quote="Anonymous]
you can ask them for not to include the COV as part of the valuvation as the bank and hdb does not include this as part of the mortgage and real property price[/quote] |
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fc
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25 Sep 08 9:58 am |
| Anonymous wrote: |
you can ask them for not to include the COV as part of the valuvation as the bank and hdb does not include this as part of the mortgage and real property price |
You can ask who? AND why would you do that?
As a seller or agent trying to sell the unit, you would naturally ask for a higher Valuation, right?
Once you've exercised your OTP and are going ahead with your loan, you would try your best to get a re-value at a higher price as well so that your Cash outlay (against the previous valuation) would be less, correct?
The only reason why you would ask for a lower valuation is if you were trying to sell off your home at a cheaper price. You are a good man. |
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