HI,

New housebuyer here. i'm trying to buy a 2-3 year oldhouse from an individual.
I wnt to know who should bear the S&P cost? issit me the buyer or the seller or issit both pay separately?

buyer pays

buyer...

unless the seller willing to pay for it...

the snp is most important to you and less important for the seller...

This post has been edited by myxzspzlx: Sep 30 2009, 11:48 PM

ok, thnx guys

If both seller and buyer appoints their own lawyer, then each pay for their own fees for the transaction. Some sellers may opt not to be represented.

Buyer have to bear the S&P fee, while seller they will have some fee as well, but not much as S&P.

certainly on buyer side but u can ask for discount up to 50% on the legal fee.

is the buyer who bears if the seller not willing to share part of it (normally they don't ofcos)..

but sometimes, got discount one.. negotiate and see ur luck lo
..
anyway, if you need housing loan, or getting MRTA, or MLTA, can consult my expertise too.

Ask the bank where you get your loan from pays for it. You will have to use their panel lawyer though.

discount from who? lawyer?

You as the BUYER are to bear the SnP cost.....it mite cost you quite a bit for the legal fees but some firms do offer discounts up to 30%.....take your time and do some extensive research on which firm is offering you the best package....