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Dear buyer,

I will not touch on the influencing aspect of your question, but rather, any resale transaction that takes place will require a willing seller and willing buyer before it can proceed.

In a resale HDB case, things are simpler in a way that you only need to make an offer of $1000 maximum up front (option money - can be negotiated) to secure the OTP before valuation is arranged. Once valuation report is out, the buyer can decide whether to proceed or forfeit the initial option money up to $1000. If you are really keen in this unit and feels that $445k is within your affordability, I see minimal risks in putting in the offer for a unit you like that is within affordability.

For private properties, the upfront payment in order to secure an Option To Purchase is 1% of the price intended.

If price does not match, then perhaps you should look at moving on to another property.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
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Dear Sir/Mdm,

The valuer is from an independent firm which is appointed by the HDB. There is no way that a salesperson will be able to "influence" the valuation as the valuer will look at attributes and factors as such nearby transacted price, condition of the interior of the house, facing and floor level etc to come up with a valuation.

If you want to minimise your risk, I always recommend to my clients that they propose to the seller to put in a lower option fee such as $300 or $500. You can then choose whether to forfeit the option fee or complete the purchase once the valuation is out.

Please feel free to contact me if you need further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

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Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

As an agent unable to influence the valuer as median transacted price with HDB guideline have applied.

You can choose to gamble with $1K at the agent selling price to obtain the valuation if you really like the unit. Which I dun encourage at all, it your decision after all.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

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