Samantha@Kajang: My sister is planning to buy her first house and is concerned that she will have to come up with the difference if the bank gives out a loan based on a lower valuation than the purchase price. How can we ensure that this does not happen?

RED: I have seen many cases where the bank’s valuation is lower than the purchase price. The best advice I can give you is to get the valuer to personally visit your intended property and give the indicative value. You might need to pay for his extra work but the chance of getting a higher valuation is much better. Normally, bank valuers do not visit the property to give an indicative price unless a formal valuation is done.


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