why we need to pay for the valuer report when we apply loan from banks?
it is unfair to borrower to pay the above report  as bank can always reduce the loan amount if they dun believe with the purchase price. some purchases dun mind to reduce their loan amount according to bank wants.  (if they can waive the valuer fee), after all we cant borrow 100% of the purchase price.

eg a prop per SPA is 1mil , bank loan margin at 80% = 800k. if bank dun believe the prop worth 1mil, they always can reduce loan margin to 60% to loan only 600k.  in fact they can check with many prop portal eg iproperty etc about the market value.

prop abt 1mil need to pay about 4k which is our hard earned $.
as i said, i dun mind to pay another 100k if the loan amount reduce from 800k (80% margin) to 700k (70% margin). pls take note that 100k extra loan u need to pay interest too. if u hv 100k extra in FD why not offset the loan and save bank interest and 4k valuer report??

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