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My valuation does not match my selling price. Anyone have this problem?

All the latest HDB valuation report across Singapore HDB
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chelsea
Posts: 4
Joined: Thu Feb 07, 2019 6:42 am

My valuation does not match my selling price. Anyone have this problem?

Post by chelsea » Fri Feb 08, 2019 6:28 am

I stay at HDB Geylang East Grove, consider high floor. Me and my buyer agreed on the selling price of $740000. I thought there will be no problem because recent transacted price is also hovering around there. But when i receive the valuation report, it came back at $725000. This means my buyer need to forck our $15000 cash. Which he does not want. I am also not budging. End up case is bust. Anyone got similiar problem? How come valuation will not match?So angry. :x

joanne
Posts: 3
Joined: Thu Feb 07, 2019 6:37 am

Re: My valuation does not match my selling price. Anyone have this problem?

Post by joanne » Wed Feb 20, 2019 12:45 am

Election is coming, government artificially controlling the price to prevent it from spiralling upwards. Looks good on election campaign ;)

aziza
Posts: 3
Joined: Thu Feb 07, 2019 8:25 am

Re: My valuation does not match my selling price. Anyone have this problem?

Post by aziza » Thu Feb 21, 2019 3:49 am

Now waiting to sell my flat, hopefully we can get the price we want and match the valuation. Who want to cough out cash in this time now? :roll:

conniemao
Posts: 2
Joined: Mon Feb 18, 2019 5:50 am

Re: My valuation does not match my selling price. Anyone have this problem?

Post by conniemao » Fri Feb 22, 2019 5:34 am

did you manage to appeal to get a better valuation? I got the same case and my agent is appealing. now waiting for reply. hopefully for the good news

joanne
Posts: 3
Joined: Thu Feb 07, 2019 6:37 am

Re: My valuation does not match my selling price. Anyone have this problem?

Post by joanne » Mon Feb 25, 2019 3:43 am

I appeal, and guess what, hdb got valuer to reply me. And they give standard answer! Simply say no, its according to market. What lame shit!Seriously, what the f*** they trying to do? So hard to find buyer already, and because of the valuation, we lose the deal. :x

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