how do i find out how much a property is worth from a bank's point of view?

option A
one way i see, is to message one of these "please pm me for more info" guys
and say, "i have a property at this location, i wish to refinance, how much would i get"
probably in a few hours or a few days, they will reply.
but that's just plain lying.
cost: free (just bad karma)

Option B
i'm not too sure about this, but, i think you can use an evaluator,
but i think they are expensive
cost: guessing arond RM 100

i'm thinking can we just give these "please pm me for more info" guys,
around, i dunno, 5 bucks to check it for us?

anybody has other options that they use?

Don't understand your question.

But anyway, from a bank's perspective; they will have their own panel of evaluator companies to evaluate a certain said property.

changing to story mode.
i see a property advertised in klang
it says 120k

i want to know, if its a good deal or not.
probably houses in the area are selling at 80k
probably the houses are selling at 150k
i don't know.

so i have a few options.
i can go for option A.
pretend that i own a house there
and call up a bank and ask them how much "my" house is worth if i refinance

or
i can go for option B (never done this)

or maybe someone has better options?

I used to be involved in property valuation some years ago what valuers do is :-

1) examine the physical property condition
2) compare previos and latest selling prices (from registrar) of similar property in the vicinity
3) compare advertised prices
4) other relavant info eg. demand vs supply, economic situation etc

Based on all the data that is weighed, the valuation price will be an X value which is what is suggested by the valuer, actually this price is quite subjective and may differ from one valuer to another.

I think the best person to ask is the advertiser or real estate agents. No obligation to buy, you have right to know to make informed investment decisions .... no need to lie.

ok
how do i get a price estimate from someone with no reason to spike up the price?
i mean
the advertiser will say "this is 130k, under valued", of course he will say that.
how do i get a second opinion?

Call up valuer, call up bank?
First get some details on that house.
Address, land size/built up
Any renovations done? Condition of the house.
International or bumi lot.

Just call up a bank's housing loan department, tell them u interested to buy a 2nd hand house. Would like to check the market value so that you know how much you can loan. If they ask the selling price, just tell them it is not fixed yet, thus u wanna know the market value.

If the banker rajin, 15 minutes later u get a estimated market value ....
Or else, slowly wait

Or you can simply call up valuer, if they ask who you are... simply shoot a name from any bank

wah.
that's the answer i'm looking for
but if say i'm doing research on say... 10 houses..
would i be weird?
btw, have you done this or its just something you heard?

lol, it's kinda weird if u say wanna 'research' on these 10 houses. just call up a banker and tell them u wanna compare then ask him to check those property value for u....

If someone call me up for 10 house value.
I would say wrong number .....

Be considerate la don't ask a single banker to check 10 house, bankers check with valuer also got their own 'pressure' 1.
Valuer expect banker to pass case to them, if u everyday ask value but with nothing going to them... muahahahaha. Expect the value to be shit.

@ttwangsa
It is not something i heard, but that is part of my job.

go to the bank..say you want to borrow money and use your house as collateral, then they will sent someone to evaluate the value of your property, then say thankyou you change your mind.