Different Market Value from Banks and Valuer
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 Mar 25 2017, 07:52 PM
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#1
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Senior Member
780 posts Joined: Jan 2011 
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QUOTE(oxm8 @ Feb 28 2017, 09:06 PM) Why not hire a valuer. Spend some $$$ & get a valuation report may i know how to hire a valuer?not satisfy... hire another valuer...  |
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Mar 27 2017, 02:38 PM
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#2
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Senior Member
780 posts Joined: Jan 2011
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QUOTE(hanhanhan @ Mar 27 2017, 02:12 PM) call the valuation company , there are couple of famous/reputable ones like JS Valuers, raine & horne. With that, can we use for loan application? let say, purchase price is 200K, but value is 250K, can we apply loan based on 250K ?engage them to conduct a valuation on your property. their fees would be depending on the value of your property. |
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Mar 27 2017, 03:04 PM
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#3
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Senior Member
780 posts Joined: Jan 2011
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QUOTE(hanhanhan @ Mar 27 2017, 02:44 PM) loan always apply based on SPA price. so if spa price is 250K. we can apply 90% loan based on this? eventhough actual buying price from owner is 200K (should not be stated not stated in SPA right?)Bank sometimes give lower margin because their valuation is lower than the SPA price. They won't give u more than 90% even if their valuation is much higher than your SPA price. |
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