hi all,

Understand there is a scheme to calc valuation fee. http://www.malaysialoan.com.my/2011/08/mal...valuation-fees/
By using that, my valuation fee should be
100k*0.25%=RM250
528k*0.2%=RM1,056
Total RM1,306


My question is,
1) is there any disbursement/additional charges?
2) Any range of discount for normal valuation? (10-30%?), if it is, it is on the standard fee or disbursement?
3) So far only 1 valuer called me said she was appointed by the bank, if I feel the price is not reasonable, can I ask for another valuer?

Thanks!

1) Yes there will be additional disbursement charges on top of the valuation fees. For traveling, printing, etc.

2) There's usually a discount given on the fees, not the disbursement. But it depends on the size of the valuation firm, the smaller ones are more flexible.

3) You can change the valuer provided they are on the panel of the bank you are obtaining the loan from as well. This appointed valuer is the one who gave your banker the verbal indication of the RM628k, so unless it's a fair market value (and you didn't ask for help to boost the price higher and all), you risk other valuers not being able to value it at RM628k and that will subsequently affect your loan amount.

Hope the above helps!

Thanks for the quick response, it help!
On #2, may I know the how much can the discount goes to? 30% like lawyer fee?

I believe 30% is possible. You can check with the valuer. My suggestion is not to negotiate so much if they are 'helping' you with the value of the property.

Thanks for the advise, ieian81.
so far got 20% discount
One last question, should I pay upfront or after the valuation? partial or full?

some banks give free valuation for subsale

which bank?

ya which bank?

try foreign banks. they are desperate now