Hi All,

I'll like to seek information regards to purchasing a property under market value?

To cut story short, I'm purchase a sub sale house from a close family friend of mine at bargained price, his asking for RM80K which is basically the remaining balance owned to the bank.

Under such circumstance, can the seller (my friend) part off the property at 1/3 of the market value to me? Does the bank have any say in which owner of the property cannot let go the property for such a low price? Considering that i'm intending to get loan for exactly rm80K for the house?

Does a valuer need to be engage under bank order to provide appraisal on the property value?

Can someone kindly enlighten me on matter

Best Regards
Luke