Aug 24 2009, 04:50 PM
QUOTE(Denise_D @ Aug 24 2009, 03:27 PM)
hi all,
i need some advice here. i am going to purchase a new condo unit which is already bought by 1st owner.
1) after gettting the loan from bank, can the property which is under 1st owner name ( title not out yet. so master title with developer) to change to my name?
2) do i have to engage a lawyer to prepare those S&P and other doc?? is the buyer or seller call?
3) what is other procedure/ fees involved other than getting loan?
please do give advice as i am new in purchasing new 2nd hand condo...no experience.....
thanksss
1. Of course can transfer name. But you'll need developer's consent (your lawyer's work).i need some advice here. i am going to purchase a new condo unit which is already bought by 1st owner.
1) after gettting the loan from bank, can the property which is under 1st owner name ( title not out yet. so master title with developer) to change to my name?
2) do i have to engage a lawyer to prepare those S&P and other doc?? is the buyer or seller call?
3) what is other procedure/ fees involved other than getting loan?
please do give advice as i am new in purchasing new 2nd hand condo...no experience.....
thanksss
2. Buyer - you! - will have to engage a lawyer.
3. Legal fee, misc fees charged by your lawyer, stamp duty and etc.
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