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.

How come I did my valuation once at henry butcher for rm150 only. No under table needed for me. Maybe I kenal so cheaper is it..But got official receipt wor.. Which valuer charge u so much?? Care to share so we boycott

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Added on March 1, 2011, 8:47 pmWah I should be thankful as I always call my bank officer to valuate properties that im interested b4 i apply for loan. One phone call and i get the valuation max 1 day later. All for free only. But only verbal la not printed one. I usally ask them check 10-20 times b4 I buy one. Wah now only realised I am abusing their service... Public bank is the best..

refer to this

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

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 am

we can all do it for free, but only they have license and cert.