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Valuation Fees - Housing, Double Charging?
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TSStar
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Sep 27 2008, 12:32 PM, updated 18y ago
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New Member
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I just bought a sub-sale at Puchong Area RM152,000.00 and taking up NON-ZEC from Alliance Bank. Just last few days ago, my S&P lawyer informed me I have to pay RM1200.00 for the valuation fees. But i received a call again from the Alliance Bank (using their panel lawyer) saying I need to pay again for the valuation fee by their agent for RM450.00. I am wondering is this normal to pay valuation to both parties? How come my lawyer didnt include the valuation fees into their original bill for S&P? I thinking my S&P lawyer is trying to be funny here. S&P Lawyer - Valuation Fees - RM1,200.00 Bank Loan Lawyer - Valuation Fees - RM450.00 Total RM 1650.00 Valuation Fess for a rm152K property can consider normal?
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TSStar
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Sep 27 2008, 06:53 PM
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New Member
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No i didnt remember asking the lawyer to do valuation. Thats why i am so surprise as hell!! But i do believe the figure quoted by the Alliance Bank. I think i will go up to the lawyer firm and ask them what the heck are they trying to do. Thanks for confirming my suspiscion about them.
By the way they charged me RM3800 for the S&P fees (but duty stamp for the rm152K purchase is excluded). Do you think this is reasonable?
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