QUOTE(greatbargain @ Oct 19 2009, 04:19 PM)
but if you buy from developer, it is their lawyer, right?
If you're buying a house under construction from developer it should be using the standard form agreement under the law.
Only when you are buying 2nd hand then the S&P can be varied. This is where it is better to have your own lawyer to ensure your interests are protected.
Added on October 29, 2009, 4:43 pmQUOTE(jasonhanjk @ Oct 25 2009, 10:34 AM)
Here's a true story that happened recently in JB.
A few years back, an Indian lady want to buy a townhouse. Cost around 140k.
She like the place and place 20k deposit with the owner.
After that the owner run away.
So she stayed in there a few more years until recently the bank wanted to auction the unit she is staying.
Which belongs to the owner that run away.
This is the price for not getting a reputable agent to represent you.
Most of the time it doesn't happen the way this Indian lady encounter, but you got to be lucky not to be the victim.
Don't quite understand the situation here. So the Indian lady moved into the townhouse after placing the 20k deposit. The house wasn't transferred to her (because owner ran away), but at least she managed to stay there a few years right? Like that at least can consider the 20k as rental for those few years (which is not bad).
This post has been edited by jchong: Oct 29 2009, 04:43 PM