Jul 28 2011, 12:51 PM
This is my first time purchasing a house and there are some questions in my head which still unclear. I read from forums that there are so many fees involved and cost few thousands, so I am asking how much I have to prepare and pay. I've asked the developer's lawyer but it seems like I am not clear as well.
The property price is RM390k and free legal fees by developer.
I am taking loan of RM255k(just loan withour any agreement/lawyer fees , the lawyer is from the developer)
So I asked the lawyer how much and what other fees I have to pay excluding the deposit to developer.
And these are the reply from the lawyer
CODE
our quotation on ABMB loan for your further action - after 30% deduction
for SPA- Please pay RM390-00 to us as disbursement
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the developer will pay LEGAL FEES for SPA
purchaser need to pay DISBURSEMENT of RM390
the loan fees and disbursement is as per the stated quotation , provided only Assignment, no other security i.e. Fixed Deposit, Letter of Guarantee
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NO stamp duty of SPA. coz property still under Master Title
you need to pay stamp duty for Transfer on SPA / MOT when the STrata Title is issue i.e. in few years time
So at the moment until I am going to sign SPA & Loan Agreement, I only have to pay RM390? Is there anything else?
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