How can I check my HDB valuation report?

The buyers can check the status of the Request for Value via HDB Resale Portal. HDB’s letter that informs the buyer of the value will remain available for viewing and download until 1 month after the resale completion.

What happens if valuation is lower than offer HDB?

What Happens If Valuation Is Lower Than Offer for HDB Flat? If the valuation of the HDB resale flat you’re buying is lower than the agreed price you’re buying it at, the difference is the Cash Over Valuation or COV. You must pay this difference in cash.

How long is valuation report valid for?

6 months
A property valuation report is valid for 6 months.

How long is HDB valuation valid for?

for 3 months
The valuation figure will remain valid for 3 months from the day it’s published on the HDB Resale Portal. If you, the buyer, do not submit a resale application within the 3-month validity period, you’ll have to submit a new Request-for-Value.

Is SRX valuation accurate?

Not to worry about SRX valuation. They are just estimation and might not be the true reflection of your unit’s value. It will be better to rely more on the past transactions for better reference. If you need any assistance or advice in your property sale, feel free to contact me.

How long does HDB valuation report take?

7 days
Once valuation request has been filed, it will take about 3 working days for a valuer to go down to the unit and assess. Normally it will take up to 7 days for the valuation report to be out. Valuation report will be valid for 3 months only FYI.

Can I negotiate after HDB valuation?

Yes, you can re-negotiate with the Seller again. If the Seller is agreeable to sell to you at a lower price, then both parties will pen down another set of OTP, and Buyer will have to re-apply for a valuation for the flat.

Can you appeal HDB valuation?

Upon the review by SISV, there will be a three-month lock in period from date of the certificate of valuation, HDB will not accept any requests for valuation of the *subject flat. 9 The Appellant by submitting his appeal for a review of the valuation is deemed to accept the decision by the SISV Valuation Review Panel.

How much should I pay for HDB valuation report?

Things to Know Before Requesting an HDB Valuation You will be charged a $120 administrative fee for your HDB valuation request. You are required to submit your request for valuation no later than the next business day after the Option Date stated on your Option to Purchase.

What happens after valuation report?

After the valuation has been received from the surveyor, the lender’s underwriter will have all the required information to come to a final decision and will then be able to provide a mortgage offer. At the point, the mortgage lender is willing to make an offer you will have it sent to through the mail.

Should I pay cash over valuation?

COV is a situation that happens when the HDB valuation is lower than the property’s purchase price. In such a situation, this price difference is what’s referred to as a COV. And the reason why it’s specifically called cash over valuation is that you’ll need to pay this difference in cash if you’re the buyer.

What is Urbanzoom?

URBANZOOM, a homegrown artificial-intelligence-enabled research portal for HDB and condominiums, on Monday announced that it has enabled API access to its proprietary auto-valuation tool, which has already been used by Singapore government agencies and companies.