322 0 Report post Posted April 1, 2008 Hi,I understand that the Valuation report is valid for 3 months. But the 3months is count until our 1st appointment or by the time we submit our resale application to hdb. What if the valuation report is valid at the time we sign the otp and submit resale apllication, but the 1st appointment we scheduled is not within the 3 months valid period. Share this post Link to post Share on other sites
zirhk3355 1 Report post Posted April 1, 2008 (edited) You mean the report must be valid at which point of your transaction is it?Valuation report is used for various purposes, see here:http://www.hdb.gov.sg/__48257038002F0DC7.n...2B000C80C7?OpenIt just need to be valid at the date of that whatever purpose you are using it for. Eg if you need the valuation report for bank loan, then you need to have a valid valuation report at the point of bank loan application. Edited April 1, 2008 by zirhk3355 Share this post Link to post Share on other sites
322 0 Report post Posted April 1, 2008 You mean the report must be valid at which point of your transaction is it?Valuation report is used for various purposes, see here:http://www.hdb.gov.sg/__48257038002F0DC7.n...2B000C80C7?OpenIt just need to be valid at the date of that whatever purpose you are using it for. Eg if you need the valuation report for bank loan, then you need to have a valid valuation report at the point of bank loan application.If like dat, then definitely must be valid until 1st appointment? Cos we need the valuation report as we are withdrawing CPF savings for the flat purchase. And the withdrawing of cpf savings only after 1st appointment... Share this post Link to post Share on other sites
zirhk3355 1 Report post Posted April 1, 2008 Not sure about the specifics though - shouldn't you had APPLIED to withdraw your CPF before the 1st appt?Anyway usually I do see people having a valid valuation report during 1st appt; that's why in alot of cases the seller does not have the valuation report and apply for it only after OTP is signed. Share this post Link to post Share on other sites
322 0 Report post Posted April 1, 2008 Not sure about the specifics though - shouldn't you had APPLIED to withdraw your CPF before the 1st appt?Anyway usually I do see people having a valid valuation report during 1st appt; that's why in alot of cases the seller does not have the valuation report and apply for it only after OTP is signed.oh i have to applied to withdraw my cpf before 1st appointment. I dunno abt this.My 2nd appointment of selling of my flat shd be around June. So i have to fix my buying of flat 1st appointment 2weeks after so as to wait for my sale procedds to go back into my cpf a/c. The valuation report of my sellers may be expired by then. Cos they have done the valuation in March. Share this post Link to post Share on other sites
raincole 0 Report post Posted April 1, 2008 I will think the valuation is valid when submitted the application.Shouldn't HDB be better to advise on this issue.Since they are the acceptor and not us. Share this post Link to post Share on other sites
322 0 Report post Posted April 1, 2008 I will think the valuation is valid when submitted the application.Shouldn't HDB be better to advise on this issue.Since they are the acceptor and not us.ya, i will call hdb tomor again to confirm. This morning tried calling them, but the answering machine kept asking me to hold on the phone cos all helpdesk operators are engaged on the line. Thanks for all ur prompt replies. Share this post Link to post Share on other sites
322 0 Report post Posted April 2, 2008 Hi all,I have callup HDB to check. The valuation report must be valid only on the date when submitting the resale application. So if 1st appointment is not within the 3months period, doesnt matter Share this post Link to post Share on other sites
zirhk3355 1 Report post Posted April 2, 2008 Hi all,I have callup HDB to check. The valuation report must be valid only on the date when submitting the resale application. So if 1st appointment is not within the 3months period, doesnt matter That's good news for you then!Do write in for a black and white just to be sure...sometimes you will get multiple answers from different people for the same question, if you just talk over the phone. Share this post Link to post Share on other sites
322 0 Report post Posted April 2, 2008 That's good news for you then!Do write in for a black and white just to be sure...sometimes you will get multiple answers from different people for the same question, if you just talk over the phone.yup, yesterday i have email to the HDB helpdesk also. So far no reply yet.. Share this post Link to post Share on other sites
hello88 2 Report post Posted April 2, 2008 Hi all,I have callup HDB to check. The valuation report must be valid only on the date when submitting the resale application. So if 1st appointment is not within the 3months period, doesnt matter !!yup, date of val rpt must b valid at time of submission especially during resale mkt hike when 1st appt date can take up to more than 3mths. Share this post Link to post Share on other sites
