Event · Lifestyle

Belowval.sg: Below Valuation Property Portal

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Just a couple of weeks back, I attended the launch of belowVal.sg
Before the event, I was really thinking about the lack of competition in the property portal market in Singapore and then, there’s belowVal.sg
I guess when you’re approaching your late 20s and early 30s, it’s only natural to start considering the most concrete investment you can make:

Property

What are the factors that affect your purchase decision?

  • Price
  • Location
  • Space
  • Age of Property
  • Number of previous owners
  • Leasehold/Freehold
  • Existing Renovation if any
  • Immediate availability
  • Resale/brand new

These are just some factors that came off hand
It’s not all about ‘The Price is Right’
The rest of the qualities have got to fit in~ especially if the property allows you to have immediate occupancy

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Newly launched Property Website belowVal.sg provides home seekers a more efficient and effective way to find affordable houses.
The portal focuses on Rental, HDB and Private properties which are to be transacted on a more urgent nature.

The urgent sale of properties is often triggered by unforeseen circumstances like relocation, migration, family changes or foreclosure, etc. belowVal recognizes the increase demand for a fast turnaround of properties during urgent situations and wants to help agents, home owners and home seekers match their requirements more efficiently through verified ads.

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Who determines the Valuation price?

Before purchasing a property, how would you know whether the price is right?
You refer to something called the valuation report of the property.

Upon application for a home loan, the bank has internal valuers to conclude a marked to market valuation price
This would determine your ultimate loan amount.
If the bank’s valuation is unable to match your purchase price on the option, then you can start seeking for a valuation company who might be able to offer you a valuation price that can match
Typical valuation companies are Knight Frank and Colliers International
With a matched valuation, you then proceed to the bank to check if they would accept the external valuation report and exercise ample credit to take you on as their home loan customer

For belowVal.sg,
their valuation price is determined by the average price caveats lodged with URA
You can publicly search for all property transacted prices on URA’s website
By right, belowVal.sg is technically not using a professional valuation however their method of ascertaining the valuation of the property wouldn’t swing too far off

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I gave the site a realistic try to check out the available options and BAM~

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TOO MANY ENTICING properties in the search result
Complete with agent information and more photos of the unit!

Narrow down your search fields to be more accurate~

belowVal.sg is for..

people like you and me
ready to purchase or ready to let go of your property & in search of genuine buyers

also for agents to list their available units

for foreigners or locals who would like to look for affordable rental apartments!

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I applaud the founders for making this portal come true~
The courage and the brains come hand in hand!

Leaving you with:

5 reasons to list your properties with belowVal

1) belowVal lists only below Valuation properties

One of the problems of selling your property is always the issue of marketing. You’ll need to hire a qualified property agent who will list your property on some property sites in Singapore. Due to the sheer number of properties available for sale, many of such urgent sale properties get lost in the thousand of listings. It is often frustrating for buyers to sieve through the listings as it takes time and effort to go through all the listings.
At belowVal, only genuine below valuation cases are reflected on their site. It provides an assurance to buyers that these properties are genuinely below valuation and are not there as a plot to trap for customer leads.

2) belowVal takes out the clutter and show the listings in a clean and simple platform

Navigating certain property sites could be a pain especially if one has to go through thousand and one listings. As there are different permutations and filter fields, the outcomes could get very messy and disoriented. Sometimes you see the same ad repeating itself due to many agents promoting the same property. belowVal works because there are no thousands of listings, no messy clutter, just genuine below valuation properties.

3) Using belowVal is easy and simple

belowVal updates their customers with the latest below valuation properties as home owners post them up on their website. Interested home seekers will then connect directly with home owners or agents to find out more. The process is streamlined, made simple and easy. And since these are all genuine below valuation cases, buyers will get quick responses from sellers who are urgently trying to sell their properties at a cheaper price.

4) belowVal attracts genuine buyers interested in below Valuation properties

If you are urgently trying to get rid of your property, you will reduce the price to increase the demand. All the properties listed at belowVal are verified and sold fast to buyers who are genuine. That means, you won’t be wasting your time talking to buyers who are ‘window shoppers’ taking a long time to make a decision.

5) You end up selling to real buyers and not big property players

We know you are urgently selling your property and sometimes time is of the essence. You have a deadline to meet and you have no choice but to sell to ready estate trustees, law firms and other special situation funds. You end up selling at a lower price to these parties as you have no choice. Instead of letting all these big property players profit why not sell your house to real genuine buyers who are sincere, down-to-earth and having a lower budget simply because its out of their reach for more expensive buys. By using belowVal, you speed up your selling process and benefit buyers who are genuinely looking for a cheaper house.

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