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 Traps to avoid when buying a house from individual, what to pay attention to

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SUSjasonhanjk
post Oct 24 2009, 09:40 AM

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Without an agent?
Good luck, you'll be needing a lot of it.
SUSjasonhanjk
post Oct 25 2009, 10:34 AM

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Joined: Jan 2007


QUOTE(greatbargain @ Oct 24 2009, 10:30 AM)
why did you say that? is it that difficult not to get cheated without agent?
*
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.

 

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