Hey Brokers, What is your thoughts on this one. I have a friend who has the opportunity to purchase a unit from another friend with the removal of an agent. The deal will be agreed market value of the property and then the seller will deduct all selling fees (say 20-25k). As far as I know the valuer will almost certainly value at contract price which technically is going to be under market value. But what about if the property was valued before signing of the contract and say it comes in at 850k and they then agree to exchange at 830k. Will the lender allow the pre-purchase valuation or will they request a new one? I do remember someone (perhaps @Brady) saying they have done this for a few clients and they allowed the pre purchase valuation. Obviously the risk being run is at comes in under the agreed price but really if that were to happen he could walk away from the deal or just use another lender and buy at contract price.