Continuation from

https://forum.lowyat.net/index.php?showtopi...post&p=69911034

and

https://forum.lowyat.net/index.php?showtopi...post&p=69929569

For those who don't want to click, summary below.

1. Saw mudah ads, apt ground floor selling @ RM295k
2. Approach agent nego RM280k
3. Asked 6 banks for indicative valuation
4. 4 replied: Min 210k - Max 240k
5. Nego again for RM250k
6. Agent (owner) die die want to sell it @ RM275k.
7. TBC...

So agent assured me, if i applied loan with his banker, i will get valuation RM275k hence no additional topup required. Just prepare 3% earnest deposit only. He also assured me that if i don't get 90% financing, deposit refunded

The question is if major banks value the property lower than asking price, then how he assured he can get the valuation of RM275k?

If he managed to find bank(s) to finance up to 90%, but i don't agree with the rates. Does my deposit hangus?

Any other suggestions to add clause in booking form so that i will be covered and deposit wont hangus?

i thought it is norm to give 3% earnest deposit?
Reason being that i once stayed there for 3 year until the owner asked me to move out as he wants to sell the apt. Since im comfortable with the community, so i decided to buy the property instead of renting. FYI, this is different owner, the one i rented earlier dont sell it to me.