Asked by
agent how much is my house valuation. then she replied saying that only buyer has it because they bought it. we as seller we dont know.
so when i do research i found our my house valuation and i realized my house was sold less 13k from my house valuation.
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4 Answers

Sorry to hear about your experience. It is certainly possible for agents to assist you in getting fair valuation information for your home if that is a concern that you had. It is the agent's duty to act in the best interest of the client, while taking reasonable efforts to discover relevant facts in respect of any real estate that the client is considering acquiring or disposing.

If you are considering to engage the services of alternative agents for the future, feel free to reach out to me.

Kay Cloud
Associate Advisor
Propnex Realty Pte Ltd
cloud@propnex.com
 (+65) 85674585  Read More
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Good day to you,

The buyers require the valuation report if they are using CPF OA or taking out a mortgage loan to pay for the unit. As such, they are responsible for the cost, and it is up to the buyer to decide if they want to disclose the information.

For a seller, it is essential to assess the sales intentions and the state of the unit. By considering previous transaction prices along with your plans, you can determine the price range necessary to finalize the deal. These responsibilities will fall on your agent, and there needs to be a shared understanding.

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Mike Lim
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What you found out is an indicative valuation of your place. Your agent is right that as sellers, you will not know the actual valuation of your property unless buyers disclose to sellers.

As a seller, you will need to keep yourself updated on the latest transactions in and around your area for comparable units, as well as understand what are the similar units in and around your area on sale now to make decisions when there is an offer on table.

The decision to sell a property should never be made purely based on valuation of a property.

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I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

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1. **Buyer’s Responsibility**
When buyers use CPF Ordinary Account funds or take a mortgage loan, they must provide a valuation report. The buyer covers this cost and decides whether to share the report with the seller.

2. **Seller’s Considerations**
Sellers should evaluate the market demand and condition of the property. Reviewing past sale prices and aligning with your selling goals helps set a realistic pricing range.

3. **Agent’s Role**
Your agent will manage these aspects and ensure both parties have a mutual understanding throughout the transaction process.

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