Feb 26 2011, 10:39 AM
QUOTE(nujikabane @ Feb 26 2011, 01:08 AM)
Hello all.
I plan to buy my first property, a low-rise apartment, priced 70k as quoted by the owner.
Since it is my first property, I am not sure with the procedures,
especially since I am buying through owner, and not via developer.
Here are some of the questions I have :
[1] Do I need to appoint a lawyer to act on by behalf, and if it advisable to do so, how much will it cost ?
[2] Who will bear the cost of SPA signing, & any other fees for the sales ?
[3] If the owner bought the house by taking bank loan, do I need to pay the remaining balance to the bank
or is it the owner's responsibility to pay it ?
Thanks in advance.
abit risky if go without agent/ direct to ownerI plan to buy my first property, a low-rise apartment, priced 70k as quoted by the owner.
Since it is my first property, I am not sure with the procedures,
especially since I am buying through owner, and not via developer.
Here are some of the questions I have :
[1] Do I need to appoint a lawyer to act on by behalf, and if it advisable to do so, how much will it cost ?
[2] Who will bear the cost of SPA signing, & any other fees for the sales ?
[3] If the owner bought the house by taking bank loan, do I need to pay the remaining balance to the bank
or is it the owner's responsibility to pay it ?
Thanks in advance.
when you pay booking fee, can you trust the owner that he wont run away with the booking money? Is there receipt?
1. yes, advisable to appoint a lawyer even for placing the booking fee....and you have to have lawyer regardless of dealing with or without agent
2. spa is by buyer...other fees like loan agreement, etc - buyer
3. you will pass the money to your lawyer, and your lawyer will transfer to owner - if everything in order
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