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Benefits of Using Ohmyhome Valuation Calculator

Ohmyhome

Ohmyhome

Are you selling your property? Do you want to know the value of your home in seconds?

With the help of Ohmyhome’s Valuation Calculator, you can!

What are the Benefits of Using Ohmyhome’s in-app Valuation Tool?

1. It helps you decide on your unit’s sale price.

This Valuation Tool provides an indicative estimate of your home’s value.

The results provided by the Valuation Tool assumes the accuracy of your input and are provided on a general basis for information purposes. This technology yields high accurate residential price predictions.

2. It helps you secure the sale of your property faster.

In the current market condition, buyers seldom pay Cash Above Valuation (COV).

Buyers have a window period of 21 calendar days from the date the Option To Purchase (OTP) is granted, to decide if they want to proceed with the flat purchase. If the valuation of your flat is lower than the agreed price, e.g. you have priced your flat at $500,000, but the valuation price is only $400,000, the buyer can decide not to proceed with the flat purchase, let the OTP lapse and forfeit their option fee.

If the buyer forfeits the option fee, it means that he/she no longer wishes to buy your flat. Once the existing OTP has expired, you can proceed to find other buyers and grant the OTP to another buyer.

Here are the Steps in Using Ohmyhome’s In-app Valuation Calculator:

  1. Download Ohmyhome App
  2. Choose Valuation Calculator under the Services section
  3. Key-in your flat details such as floor, unit, size and property type
  4. Know the value of your home in seconds!

Download Ohmyhome app now and price your unit to sell!

Source: HDB

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