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Added on March 1, 2011, 9:00 pmSo cheap ?

How come I am charged for rm 570 ?

bank has panel of valuers to provide estimate wihtout site visits etc. when u apply for loan, they will do a complete site survey and charge u a bomb. as naing said, the report is totally crap. i dun mind to pay if it is oni 100-200rm.
i think it is not fair to charge higher fee if your prop is higher price coz it is the same basic report.

ps: same to legal fee, it is the same work /doc for prop 100k and 100mil, why must we pay more???

Why don't u go get a law degree, practise as lawyer, then u can be the predator instead of the victim.

Wahhh, can i be your friend and abuse their services too? I belanja you minum everyday wor

refer to this

3. Fee for other capital valuation/rating valuation services based on an “Improved Value” basis.

1/4 % on the first RM 100,000
1/5 % on the residue up to RM 2 million
1/6 % on the residue up to RM 7 million
1/8 % on the residue up to RM 15 million
1/10 % on the residue up to RM 50 million
1/15% on the residue up RM200 million
1/20% on the residue up to RM500 million
1/25% on the residue over RM500 million

Minimum Fee : As above, subject to a minimum fee of RM 400 per property.


So your property if valued at RM1.2mil

your first 100k fee @ 0.25% = RM250
the rest of 1.1mil @ 0.20% = RM2200

total fee payable without GST 6% = RM2450

if valuer gave you discount, maybe 30% = RM1715
Plus tax 6%
plus disbursement


should me more than RM1715 but slightly higher/lesser than 2000

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Added on March 1, 2011, 9:50 pmyou thought this is same applied to petrol price in malaysia ar?

kaya kaya one pay 1.85 per litre same as poor poor one?

that's y should apply in percentage based on value.

kekekekeke


kaya kaya one pay 100...poor poor one pay 100


BIG DIFFERENT you KNOW????

This post has been edited by kh8668: Mar 1 2011, 09:50 PM

Haha..More friends the merrier.. But think u should make friends with the bank manager instead..
Really cant understand why valuation cost so much as stated..I also can do valuation. What so hard??
Its banks duty to valuate to protect themself at the end of the day..

I was charged rm 150 just for disbursement, is this normal ?

How do they calculate disbursement ?

It's the signature of the Registered Valuer which is essential for the report. U can give valuation yourself if your name is on the Board of the Valuers!
Afaik the more expensive your property is, the higher it cost for your valuation report. There is a guideline for the valuers to follow on the cost of the report...

Though you can try to negotiate with the valuers on the property value (try to hike it a bit by mentioning special features of your property, such as renovations done etc)
Well this is the case of you wanting to get for more loan...

PS: newbie here, any mistakes on the comment given pls guide me.. (with soft tone lol, still in learning progress here.. @.@)

All BLOOD SUCKERS !

What is so professional about valuing a property to cost so much ?

Just get the average price of last 3 months sale transactions.

I can do it for rm 100.

This post has been edited by jalsrix: Mar 1 2011, 11:00 PM

Truth is everyone is trying to make money here...right from property developers to agents to valuers to bankers. In the end, it is the home buyers that have to fork out an arm and a leg just to own a piece of land that they can call their own.

how much was the property value?

the Fees varies according to property value. the higher the property value the higher the fee.

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Added on March 2, 2011, 9:14 amwe can all do it for free, but only they have license and cert.

This post has been edited by merce: Mar 2 2011, 09:14 AM

All cronies and business partners driving the cost up. Actually the job is very simple and don't need much work, so no justification for high prices.

Even the lawyer's job is simple, they are just doing postman work to fill up form , send to lawyers and govt agencies.

i dun mind to pay high fee to lawyer if he is fighting/defend my case/right but not the SOP in SPA, MOT, DOA etc

Yes, it is cronies who exchange for valuer licences and suck our $.

The bank certainly knows how to value a property even without a registered valuer. Govt statistics & national economics r easily accessible & they have the experts at their service. Most of all they have the latest compilation of latest loan applications via their netwk of branches thru out Malaysia.
I went to a bank & in 2 shakes, the attending officer showed me a print out from their database how much I max loan could be available for the property in question. So why pay for a valuer, when the bank can do it themselves since they already have a base figure to work from & they have the last say on the value?

unfortunately , it is a must to pay valuer fee...sigh
will request for a discount after my loan was approved.

instead of property valuer... can we assign Adjuster for the matter?

Ya, it just dun worth to pay for a easy job,it is almost like pay so much for few pcs of A4 paper, some more have to chase them the hardcopy, when i call d valuer on my purchase last time ,they said price has been given to bank, job is done, wtf, they dun even bother to come out the hardcopy for me, money taken and want to save the few pcs A4 paper some more , wah piang, so call professional valuer !

Some banks requires this valuation report and have to pay it ourselves but some banks don't need it. They just go by pass transactions. But if you want a high loan then maybe they will ask for an evaluation.

When I refinance my house, same thing. Went to bank O, they want valuation. Try another bank P, they only require me to pay rm50 for them to come take picture. That's it.

wah, mind sharing which bank?

PB