Hi Dario,

I'm in the midst selling off my house.Just like others I believe,don't know much in this area.Glad found this thread.Appreciate your advise.Here the situation:

1) I've been called by lawyer to sign S&P (purchaser signed already) and the estimate charges is RM 1504.

2) No 1st draft S&P given and been told the current S&P is not allowed to bring back home for our own perusal prior sign it.(then requested 1st draft S&P and Note of Charges via email)

For Info:
The property is freehold and completed
There still an existing loan with the bank and govt
Joint loan (mine by bank & spouse using govt loan)

"Cons: You must read and understand the S&P yourself, do not expect any preferential treatment from the solicitors as they are acting for the purchaser and thus, you would have no avenue should there be any delays, etc. In fact, you may not even be updated very often as to the progress as the solicitor is not obliged to CC any correspondence to you. In the event of any late penalty interest, you would have to do the calculation and claim for it yourself from the purchaser's solicitors."

-Look likes this is happen to me.No?
-Is the fees charged reasonable?

Thanks.

Hi Dario,

I managed to get this note of charges from the lawyer by email. However, I'm still waiting confirmation of final charges from them whether it's RM 1504 or RM 1922.

Beside that, what is the estimate charges if I appoint my own lawyer assuming the selling price as stated below?

Your advise very much appreciated.

Selling Price : RM560,000

LEGAL FEES Disbursement Charges

Discharge of Charge (2 sets) 600.00
Filing Form CKHT 1 (2 Sets) 600.00
----------- 1,200.00

DISBURSEMENTS
Stamping Discharge of Charge (2 sets) 20.00
Filing Discharge of Charge (2 Sets) 180.00
Affirmation Fees on SD & Stamping 40.00
Change of Title 20.00
Bankruptcy Search 40.00
Transportation Fees 200.00
Miscellaneous Charges 150.00
6% Government Tax 72.00
---------
722.00
-------- Total : 1,922.00

Yes, 2 individual titles. (me & spouse)


What is the reasonable fees?

From your point of view, what is the reasonable overall fees charge by lawyer as I'm a vendor
with the selling price 560,000 and 2 individual titles.

Of course I will double check with them
Thanks mate!

This post has been edited by sansi: Mar 28 2011, 06:54 PM

Dario,




My mistake.It's an individual title.So,any difference? Did they charged me twice?

Clarified with them 2 days back.Transportation fees changed to RM 100 & Misc changed to RM 100 as well.
The total now is RM 1772.

Dario,
I think this is what are you asking for,regarding discharge of charge.

Btw what will happen if this transaction collapse if no letter of offer to purchase involved?

This post has been edited by sansi: Apr 2 2011, 12:33 PM

Dario,

Understood.In my case there's no letter of offer to purchase.I've never sign it and not been told about this.
I'm not sure whether buyer know about this too as I believe it must be countersign by me.
Furthermore,buyer did sign the S&P but I don't.

This post has been edited by sansi: Apr 2 2011, 05:27 PM

Hi Dario,
Appreciate your advise on this quotation.Thanks

Dario,
I need your advise on this loan agreement fees since the bank is using different lawyer.Many thanks sifu