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Lawyers Corner, A one-stop centre on lawyers and queries
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kidmad
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 Sep 21 2011, 02:55 PM
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Hi Dario,
I need your advise as well. My SPA Lawyer had quoted me RM4.8k only for SnP and Stamp Duty however from the 1st page when i inserted the figure it came up to RM7.1k. So is that possible to have such difference in the margin?
On top of that, now that i was being offered a home loan and the Bank Lawyer fee which i need to pay is RM4.8k. Do i pay them the moment i sign the offer letter or do i wait until the bank disburse the money to the vendor? not too good with all the terms being used. haha.
This post has been edited by kidmad: Sep 21 2011, 02:59 PM
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kidmad
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Sep 21 2011, 04:38 PM
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QUOTE(dariofoo @ Sep 21 2011, 03:33 PM) Perhaps your property is purchased from developer (in that case there would be 30% reduction in fees) and is below RM350K (in that case there would be a 50% reduction in stamp duty) Why don't you get a full invoice rather than just being informed of a lump sum of RM4.8k like that? You can then compare it with the many examples in this thread. There's easily 30-40 samples here for all types of loans/SPA and property types.  ok bro, thank you very much that explains. Well i am suppose to get it but not yet receive anything from my lawyer. How long do they actually need to come out with everything? ATM he just given me a quick quotation that's all. |
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kidmad
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Sep 21 2011, 11:22 PM
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QUOTE(dariofoo @ Sep 21 2011, 08:22 PM) Come out with everything? What do you mean? If an itemised note of charges/invoice it is just a single page of paper. Won't take long. 10-15mins? But if you don't ask you don't get it la. What is quick quotation anyway? For any services provided you must insist for a full and itemised quotation. Unless you really want to be taken for a ride by this lawyer.  If the lawyer is still dilly-dallying over the matter, might as well move on to the next one who is at least more honest than this one. Thanks bro, will contact him and get the invoice first. "come out with everything" = the paper work which is for me to sign SnP i believe? My agent told me that i'm suppose to received a draft by this week. |
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kidmad
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Sep 22 2011, 10:27 AM
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QUOTE(dariofoo @ Sep 21 2011, 11:51 PM) You should be dealing direct with the lawyer at this stage, not going through the agent. Your approach is against the flow of how it ought to be - you have to agree on fees first, then appoint the lawyer to start work. If you allow him to start work, even to prepare a draft SPA, you are deemed to have appointed him. So when the invoice comes out and if you don't agree and want to change solicitors, you will still be billed for work done. So my advice to you is to agree the fees first before confirming that you want this particular lawyer to act for you. Surely you must have confidence in the lawyer before anything. Don't take things too lightly and then later regret. Good luck,mate. Thanks bro for all the advises. Unfortunately i do not have any lawyer contacts thus this lawyer is being introduced to me by the agent. At least i have the black and white email quotation stating on the figure which i am suppose to be paying. Is that good enough? |
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