The big mistakes you make with property valuation??

The Big Mistakes You Make with Property Evaluation “Our Calculation Your Satisfaction”

Web: https:www.valuations.co.uk Phone : 03303300437 Email : info@valuations.co.uk 53 Birmingham Road Bromsgrove

People always get confused with the word property valuation. Commonly evaluation is for selling purpose With the wrong concept, you make avoidable mistakes with free property valuation

Mistake #1: Not Asking for a Property Valuation Report A very common mistake people make while having a valuation of the property is that they never demand the report for their evaluation.The evaluation of your property is also necessary in order to find out the financial limits for the following:

•

Cash Payments

•

House Loans

•

CPF Usage

Mistake #2: Asking the Seller to Submit the Valuation Report •

Another common mistake that people make is asking the seller to submit the valuation report; instead, of doing it themselves. You can only submit the reports when the property seller has given you OTP. If your salesperson is submitting your report on the next working day from your side, then it will send via e-Resale service.

Mistake #3: Neglecting the Requirements for Report Submission •

Report submission requires certain essential things, which most people neglect. They are:

•

Resale address

•

Name, NRIC and email address of buyer

•

OPT dates

•

Copies of documents

•

Owner’s detail (name, contact number, email address, and NRIC)

Mistake #4: Not Knowing or Following the Valuation Process •

The HDB panel will assign a person to start the valuation of the property. There are many methods of property valuation such as:

•

Comparison Method

•

Income Method

•

Cost Method

Mistake #5: Assuming the Valuation Report is Free People often confuse the term ‘valuation fee’ with a ‘free valuation of property.’ Generally, valuation is free by many organizations. However, you have to give the fee at the time of valuation report, depending on the property.

Try to avoid these five mistakes when you opt to get a property valuation. It is important to hire a renowned and reputable company for proper evaluation.

Web: https:www.valuations.co.uk Phone : 03303300437 Email : info@valuations.co.uk 53 Birmingham Road Bromsgrove