| Q1: |
Why
do I need to get a valuation done before I sell my house? |
| In volatile markets,
selling your property based on the lastest transacted prices may be inaccurate
due to the time lag between the actual transaction and the published transacted
prices. Also, most buyers would want to know the valuation or the bank
indication of your property to access their ability to purchase your home.
|
| Q2: |
What
are the main factors that affect the value of my property? |
The factors are:
| a) |
Tenure |
| b) |
Location
|
| c) |
Quality |
| d) |
Proximity
to conveniences and facilities such as MRT, market, bus-stops
|
| e) |
Surrounding
features such as beautiful scenery/landscape |
| f) |
Current
demand for the property |
|
| Q3: |
How
much does it cost to obtain a valuation report? |
| Generally, a valuation
exercise costs from 0.5% to 3% of a property's value. |
