The #1 Thing You Need to Know When Selling Your Home

As you may already know, there are plenty of things you need to look out for when you’re planning to sell your home. But today I’ll just cover one.

In future articles, I’ll share about how you can sell at a better price, how to plan for the next home, or even the potential mistakes you’d want to avoid that could get you fined.

But for today, the #1 thing is…

“How much do you want for your home?”

Listen, you have to be realistic. You don’t want to low-ball yourself, but you also don’t want to ask for too much that no one will bother to book a viewing.

Understand that price follows closely to value.

You may already know that HDB values the property themselves.

But what you may not know is that HDB will only assess and reveal the valuation to the buyer AFTER the Option To Purchase (OTP) has been issued and both you and the buyer have decided on a price.

It’s a little mad, really.

You could be in for a surprise. Your buyer too. They would have to pay Cash Over Valuation (COV) if the value given by HDB falls below the offer price.

So, what can you do about it?

Well…

Make sure you find an indicative price before you even list your place for sale.

How? You can click here. Or feel free to click the GIF below to get a copy!

We have an e-valuation service totally free of charge.

We’ll send it to you via Whatsapp. No strings attached. It’s yours.

With Ohmyhome’s e-valuation report, you get an estimation of your home value that’s more accurate than others in the market. We use trusted private and public sources, and continuously train our e-Valuation technology so that it always reflects the latest price trends in the market. Keeping you and your home valuation updated.

You’ll also get the past transaction prices of properties within your area, to give you an even better indication of how much your property is worth.

This means:

• You know what’s the “fair price” for your home, helping you avoid disputes during price negotiations
• Maximise your profit as a homeseller as you’re able to justify growing price trends in your neighbourhood, which is beneficial for your buyer as well as they might be looking to earn a profit in the future.

If you have any questions about selling your HDB, you can message us on WhatsApp or fill up this form and we’ll get back to you in less than 15 minutes.