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 Cheated by real estate agent, its my first house and its end up a mess

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TSdingdong985
post Mar 5 2011, 11:40 PM, updated 15y ago

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Hi all.

FYI: I was told http://www.miea.com.my/ this can help me. smile.gif Any success case can share with me?

would like to seek help from you guys... sad.gif icon_question.gif icon_question.gif
I was lured into a trap by a real estate agency into purchasing a Bumi lot.
The 1st time when I go n view the house, the first thing i asked is whether it is a Bumi lot
the agent confirm me it is not.... sad.gif
And then after all deal, I have paid 3% deposit to him. When I was giving him the cheque, the owner part is not signed yet.
When he give me the confirmation letter after the owner sign I saw he is a malay.

When I feel it is some kind fishy, I asked him again whether it is a Bumi lot, he again vy confirm and sure that it is not.
I feel not safe and I go and google the unit. End up I saw the unit is auction before at 2009, and it is a BUMI LOT!!

And then suddenly his lawyer called and I asked the lawyer to confirm it and finally it is confirmed.
I called up the agent and try to cancel the deal with him and get back my deposit as it will be issue in transferring the title for the unit.

What the agent do is:
1) try to convinced me to buy the unit ( where he has the way to change the title shocking.gif )
2) told me that he dunno it is a Bumi lot ( which is at 1st he VERY SURE it is not ) mad.gif

And now he still refuse to pay back my deposit. sad.gif
If I know it is a BUMI LOT i won't proceed with the purchasing.

Anyone face the same cases before or anyone got any good suggestion what to do? icon_question.gif icon_question.gif

My lesson is " Do not fully trust your agent" and try to do lot of research yourself. Even no help given, I hope this give some tips to other property buyer.

This post has been edited by dingdong985: Mar 5 2011, 11:51 PM
CyrusChang
post Mar 5 2011, 11:51 PM

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Terrible! Which real estate agency?
tzuen
post Mar 5 2011, 11:54 PM

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Sorry to hear that bro. I'm in the mid of looking houses too, mind share more information about the agent?
wsrulez
post Mar 5 2011, 11:55 PM

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how many years is the house?
TSdingdong985
post Mar 5 2011, 11:55 PM

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QUOTE(CyrusChang @ Mar 5 2011, 11:51 PM)
Terrible! Which real estate agency?
*
Sorry... not convenient to mention it...scare they will sue me
but i can tell the unit is at vista komanwel
for those who like to purchase a unit there, be careful, as there are a lot bumi lot there.
The other agents which i tried to seek help from, directly asked me to check it is a bumi lot or not when she heard it is vista komanwel
I was so silly and end up at at condition where my RM8400 is stuck inside now and pending for refund.
haih
Give money buy headache!!!!!! rclxub.gif


Added on March 5, 2011, 11:55 pmmore than 10...since 1998... strata title out already


Added on March 5, 2011, 11:57 pm
QUOTE(tzuen @ Mar 5 2011, 11:54 PM)
Sorry to hear that bro. I'm in the mid of looking houses too, mind share more information about the agent?
*
Sorry....cant share...but i think when u go view house better is
1) know whether owner is malay or not
2) when u sign confirmation letter, make sure the owner sign already, else u no need to give the deposit to the agent 1st ( advice from other agent )
3) if it is a malay owner and he claim it is not a bumi lot, try to check with known lawyer or called up the developer to find out it yourself.

1 lesson 3k, total 9k sad.gif

This post has been edited by dingdong985: Mar 5 2011, 11:57 PM
cutealex
post Mar 5 2011, 11:58 PM

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errmm....then when the agent promise to refund to u?>
SUSjalsrix
post Mar 5 2011, 11:59 PM

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QUOTE(dingdong985 @ Mar 5 2011, 11:40 PM)
My lesson is " Do not fully trust your agent" and try to do lot of research yourself. Even no help given, I hope this give some tips to other property buyer.
*
These real estate agent are cheat and liars.

These are what you should do from first to third action.

1. you go to the real estate company and try to talk to their manager, sometimes the manager is more reasonable than the agent.

If doesn't work, then

2. go to Michael chong, MCA, Jln Ampang and threaten to expose the real estate company in newspaper if they don't return the deposit.

Trust me, sometimes will work becos real estate company don't want their name to be blacklist.

If still doesn't work , then

3. Go to small claims tribunal in the Mall near Jln Putra.

Small claims tribunal is where the court will summon them to court and make them pay back the deposit.



Finally, DON'T sign the S&P.

Bukit jalil is freehold with consent, ie. land office will take 2 to 3 months to approve. They won't approve a bumi to non bumi sale unless there is special reason.

This post has been edited by jalsrix: Mar 6 2011, 12:06 AM
TSdingdong985
post Mar 6 2011, 12:05 AM

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he still refuse to refund to me. He asked me contact his company for refund if i wan!!!

ya... I will go make police report, complain at http://www.miea.com.my,
and now got 1 more way is to complain at MCA...thanks jalsrix for this info smile.gif

He keep on say at first he dont know it is not a Bumi lot. How come he is an agent but he dont know it is bumi lot or not, and when he dont know how come he said he confirm not?
Either he really wan to cheat me or his mistake for not checking it out at 1st place, and either of the faults, he should refund me
zigot14
post Mar 6 2011, 12:05 AM

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what does the confirmation letter say? any mention of deposit refundable?

there's still hope tho: i was told that bumi lot actually can transfer to non-bumi (case to case basis depending on the particular unit) but it will take longer to transact.

make a police report to scare the agent abit first
TSdingdong985
post Mar 6 2011, 12:08 AM

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QUOTE(jalsrix @ Mar 5 2011, 11:59 PM)
Bukit jalil is freehold with consent, ie. land office will take 2 to 3 months to approve. They won't approve a bumi to non bumi sale unless there is special reason.
*
Ya...i got my lawyer checked too and he gave me the similar answer.
But he keep on saying his lawyer able to do. But this is not my concern, the main concern is he is cheating me at 1st place. Even it is possible to transfer the title, his trustworthy is totally gone. if possible i would like to let you guys know who is this, so no one will be his next victim.
but it is not possible to explore his name here
so guys.....need be careful
SUSjalsrix
post Mar 6 2011, 12:09 AM

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QUOTE(dingdong985 @ Mar 6 2011, 12:05 AM)
he still refuse to refund to me. He asked me contact his company for refund if i wan!!!

ya... I will go make police report, complain at http://www.miea.com.my,
and now got 1 more way is to complain at MCA...thanks jalsrix for this info smile.gif

He keep on say at first he dont know it is not a Bumi lot. How come he is an agent but he dont know it is bumi lot or not, and when he dont know how come he said he confirm not?
Either he really wan to cheat me or his mistake for not checking it out at 1st place, and either of the faults, he should refund me
*
How can the real estate agent not know whether he is a bumi because all owners must sign a letter and meet the agent before agree to let them sell their house. I sold my house before and signed the letter before asking the agent to sell my house.

Go back to my previous post and reread bcos i modified the post. There are 3 steps to do.

I suggest you post the real estate agent name here so we can identify him.
wsrulez
post Mar 6 2011, 12:11 AM

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QUOTE(dingdong985 @ Mar 6 2011, 12:05 AM)
he still refuse to refund to me. He asked me contact his company for refund if i wan!!!

ya... I will go make police report, complain at http://www.miea.com.my,
and now got 1 more way is to complain at MCA...thanks jalsrix for this info smile.gif

He keep on say at first he dont know it is not a Bumi lot. How come he is an agent but he dont know it is bumi lot or not, and when he dont know how come he said he confirm not?
Either he really wan to cheat me or his mistake for not checking it out at 1st place, and either of the faults, he should refund me
*
Last time an agent brought me to see a bum lot as well... I reached first and look around the neighbourhood all r bumi.. then I ask them they told me that whole raw r bumi lot .. I remember the first thing I asked that agent if it is bumi lot and he told me not.. when agent came I query him... he said he dont know it is bumi lot too..
TSdingdong985
post Mar 6 2011, 12:13 AM

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QUOTE(zigot14 @ Mar 6 2011, 12:05 AM)
what does the confirmation letter say? any mention of deposit refundable?

there's still hope tho: i was told that bumi lot actually can transfer to non-bumi (case to case basis depending on the particular unit) but it will take longer to transact.

make a police report to scare the agent abit first
*
Yeah its written will be refund if title cant transfer. But if not mistaken to fully know whether it can be transfer or not,
1) i need to pay another 7% deposit
2) need to apply loan
3) need to sign S & P
4) need to wait for 1 or more years for the result ( even though he promise 3-6 months)

I will make police report if he still unable to give me a confiramtion date of the refund on monday.
SUSjalsrix
post Mar 6 2011, 12:14 AM

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QUOTE(dingdong985 @ Mar 6 2011, 12:08 AM)
Ya...i got my lawyer checked too and he gave me the similar answer.
But he keep on saying his lawyer able to do. But this is not my concern, the main concern is he is cheating me at 1st place. Even it is possible to transfer the title, his trustworthy is totally gone. if possible i would like to let you guys know who is this, so no one will be his next victim.
but it is not possible to explore his name here
so guys.....need be careful
*
His lawyer is NOT honest !

I went to land office before and asked about the consent, the officer told me it is not possible.

I asked my lawyer , he said that after 3 months, the land office will reject, then we can appeal again, it will take another 3 months,

the second time, may or may not reject, so we lost 6 months and another 3 months to process transfer of name, if you are lucky 9 months only can get transfer of name.

It unlucky, then have to wait more than one year.

Better not take the risk ...
HELLO HELLO
post Mar 6 2011, 12:14 AM

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Just call the real estate agent tell him you going to make police report. its work. alot faster than asking the lawyer to solve it.
TSdingdong985
post Mar 6 2011, 12:15 AM

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QUOTE(jalsrix @ Mar 6 2011, 12:09 AM)
How can the real estate agent not know whether he is a bumi because all owners must sign a letter and meet the agent before agree to let them sell their house. I sold my house before and signed the letter before asking the agent to sell my house.

Go back to my previous post and reread bcos i modified the post. There are 3 steps to do.

I suggest you post the real estate agent name here so we can identify him.
*
Sorry, I was unable to put his name here as he might sue me for defaming him.
Ya....he is really sucks....impossible he is not sure what he is selling.....
if yes, then he is a failed agent
SUSjalsrix
post Mar 6 2011, 12:16 AM

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QUOTE(dingdong985 @ Mar 6 2011, 12:13 AM)
Yeah its written will be refund if title cant transfer. But if not mistaken to fully know whether it can be transfer or not,
1) i need to pay another 7% deposit
2) need to apply loan
3) need to sign S & P
4) need to wait for 1 or more years for the result ( even though he promise 3-6 months)

I will make police report if he still unable to give me a confiramtion date of the refund on monday.
*
once you sign S&P, you'll lose the lawyer fees even if the transfer is not successful bcos lawyer already done the work. Lawyer fees can come up to rm 5K.

Don't SIGN S&P !

Follow the three steps I posted just now.

This post has been edited by jalsrix: Mar 6 2011, 12:17 AM
TSdingdong985
post Mar 6 2011, 12:17 AM

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ya...i wont take the risk...summore he is the one trapped me at 1st place. haih
its really unlucky.


Added on March 6, 2011, 12:18 amThanks a lot for the MCA details. i thk police and MCA will be great help.

This post has been edited by dingdong985: Mar 6 2011, 12:18 AM
zigot14
post Mar 6 2011, 12:21 AM

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try Pakatan also la biggrin.gif
TSdingdong985
post Mar 6 2011, 12:23 AM

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anyone from pakatan i can contact with?
I'm sure both will be very willing to help me as election is coming soon tongue.gif


Added on March 6, 2011, 12:26 amvery sad....
for 1st time buyer or without guide, this thread is a very good tips.. smile.gif
hope it helps

This post has been edited by dingdong985: Mar 6 2011, 12:26 AM
simplesmile
post Mar 6 2011, 12:27 AM

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Happened to me before. I was eyeing an auction unit in Subang. Called up the agent. Asked whether it's BUMI unit or not. Agent said "No." I remember asking a few times. Same answer. Then I asked him to fax the Proclamation of Sale (POS) to me. In the POS, stated "Restriction: Bumi unit". I sms the agent "No go because is bumi unit"
HELLO HELLO
post Mar 6 2011, 12:30 AM

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Before make it real big mess. Just call the real estate agent tell him you going to make a police report first lor.... most of the time can settle at that stage. if not just take further action lor.
CyrusChang
post Mar 6 2011, 12:30 AM

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Go his office and find his principle, the deposit should be in the bank a/c of the real estate agency. If you write the name of the agent as payee or he is a freelance agent, then I believe is very difficult to get back your money.
srm
post Mar 6 2011, 12:32 AM

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You have possibility the transaction will not be approved... you'll lost a lot of time but I think you can get your money back... dont wait to make police report and do what jalsrix ASAP
TSdingdong985
post Mar 6 2011, 12:32 AM

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the money is with the company...this is the lucky part.

@Hello: ya... will alert them 1st ill do such complain if they are still insists not to refund, and they still stand still, im going to take action for real..


Added on March 6, 2011, 12:34 amactually called up the agent's principle d ( dont know is his friend or wat) and he said the same thing also.
but when i said want to complain at miea on Monday if they still cant confirm when can refund me,straight away he agree to give an answer on monday b4 12


Added on March 6, 2011, 12:36 amlife is really hard, when u buy house, u only able to trust your agent but end up they are the one who trying to trapped you.
i'm not referring to all agent but to some irresponsible agent and planning to do so

This post has been edited by dingdong985: Mar 6 2011, 12:36 AM
jady
post Mar 6 2011, 12:47 AM

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So if Monday still can't get back refund, immediately make police report and proceed with other complains. Be firm with them, get 2-3 friend accompany you.


Added on March 6, 2011, 12:48 amand don't ever trust their lawyer!

This post has been edited by jady: Mar 6 2011, 12:48 AM
Fat3Twister
post Mar 6 2011, 12:57 AM

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Can the agent sue you for defaming if you are telling the true story?
Bonescythe
post Mar 6 2011, 01:35 AM

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Hmm, that is a very dishonest agent...
Should not had promise the sky high and everything else just because of closing a deal, taking up commission only.
This agent must have been month without sales i guess?

Shouldn't be a problem to refund actually, and in fact can be done fast. Why it is taking the agent so long to refund you? The agent must be the real culprit telling you a lot of stories..
TSdingdong985
post Mar 6 2011, 06:43 AM

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QUOTE(Bonescythe @ Mar 6 2011, 01:35 AM)
Hmm, that is a very dishonest agent...
Should not had promise the sky high and everything else just because of closing a deal, taking up commission only.
This agent must have been month without sales i guess?

Shouldn't be a problem to refund actually, and in fact can be done fast. Why it is taking the agent so long to refund you? The agent must be the real culprit telling you a lot of stories..
*
yeah...he is telling me sure can transfer
i said i wan refund he said cant. he said must tried to transfer 1st
but now im vy firm i wont listen to him d....i dont want to waste my time and opportunity to buy another house

Fat3Twister
post Mar 6 2011, 09:56 AM

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QUOTE(dingdong985 @ Mar 6 2011, 06:43 AM)
yeah...he is telling me sure can transfer
i said i wan refund he said cant. he said must tried to transfer 1st
but now im vy firm i wont listen to him d....i dont want to waste my time and opportunity to buy another house
*
Go to his company and talk to his principal first. Hopefully this can help.

Ohya, by the way, maybe you can tell us who and what company indirectly. For example, "Slime darry", "success group" etc...
SUSjalsrix
post Mar 6 2011, 10:00 AM

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QUOTE(dingdong985 @ Mar 6 2011, 06:43 AM)
yeah...he is telling me sure can transfer
i said i wan refund he said cant. he said must tried to transfer 1st
but now im vy firm i wont listen to him d....i dont want to waste my time and opportunity to buy another house
*
You tell him that you have friends (ie.me) who have asked the land office and my lawyer, and transfer cannot be done or will take very long time if you are lucky ie. more than one year.

There is NO guarantee of any transfer, so don't take the risk.

By the way, I have several properties in bukit jalil so I know.

Tell the manager you will report to MCA, michael chong and he will publish your story in newspaper , then he will start to urinate inside his pants. laugh.gif

Ask the manager to sue michael chong if he dares. Even 'ah long' (loan sharks) dare not sue michael chong.

This post has been edited by jalsrix: Mar 6 2011, 10:02 AM
TSdingdong985
post Mar 6 2011, 10:10 AM

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Really that effective?
ok...michael chong and police will be the 1st two ill mention to him tml if he still refuse to refund.

@Fat3Twister: Hope he dont want take the risk and confirm refund else need to take leave and go his office. wasting time, energy and i cant do my work. haih.

This post has been edited by dingdong985: Mar 6 2011, 10:15 AM
kthnxbye!
post Mar 6 2011, 10:12 AM

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no work ethic..stupid agent..now,b4 give any depo,make sure all the detail is right..hope this can be a lesson to all..
TSdingdong985
post Mar 6 2011, 10:14 AM

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yalor...its a good lesson
is it i got the right to read the copy of S&P before sign and pay deposit?
mrPOTATO
post Mar 6 2011, 10:40 AM

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Hey man, tell him u will reveal in property forums his identity & company name if u don't get your cheque by next week. Agreed with another forumer hitting his rice bowl talks loudest. He definitely don't want his principal to go for his throat spoiling the agency name.

You are the one in the right, don't be scared.

Someone threatened to errroneously sue me, i threatened to counter-sue & the lion became a mouse after that.

Consumers need to be more aggressive and STAND UP.
TSdingdong985
post Mar 6 2011, 10:48 AM

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@mrPOTATO: thanks for the advice bro. In this stage I only can do this to make sure they not take advantage on me
Bonescythe
post Mar 6 2011, 10:48 AM

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QUOTE(dingdong985 @ Mar 6 2011, 10:14 AM)
yalor...its a good lesson
is it i got the right to read the copy of S&P before sign and pay deposit?
*
Sure need to read finish finish and clear clear only sign lar.. Don't simply sign sign sign..
Anyhow, this agent really sark to the max lar.. Like this cheat people.

You should take stringent measure and action to make him refund you..
mrPOTATO
post Mar 6 2011, 11:00 AM

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Btw, i would suggest u put down your demands in a fax & transmit it monday immediately to his company so that it reaches the principal direct.

List down the actions you will take (police report, michael chong, miea, etc) & the deadline you are giving him to release a CHEQUE or DIRECT CREDIT to your account.

Indicate on yr letter bottom part "C.c to ??" in bold the fax number of your lawyer if u have one + a friend's office (that should scare him wondering if u have the support of a big timer if u know what i mean). Pile up the pressure & make him have some sleepless nights.

The important thing is, show him you are taking action, and you know the steps to enforce your claims & its not worth the rm8,500 for all this mess cos he has more to lose.

Good luck.

This post has been edited by mrPOTATO: Mar 6 2011, 11:03 AM
TSdingdong985
post Mar 6 2011, 11:07 AM

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yeah....going to let them know that they cant simply cheat ppl and tot that we dont know where to complain to.
thanks a lot for the info...i learn a lot now
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post Mar 6 2011, 11:10 AM

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QUOTE(dingdong985 @ Mar 6 2011, 12:15 AM)
Sorry, I was unable to put his name here as he might sue me for defaming him.
Ya....he is really sucks....impossible he is not sure what he is selling.....
if yes, then he is a failed agent
*
These type of agents are the uneducated type no qualifications one lah, where he got the knowledge and money to hire lawyers and sue?
Cheat people still can protect name and face ahh? Just go make police report put every details on paper then post everything here.
His name and your name, if yout story is true lah after all it has happen and is a FACT

Many more people might be his next victim
mzmz
post Mar 6 2011, 11:22 AM

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QUOTE(dingdong985 @ Mar 6 2011, 11:07 AM)
yeah....going to let them know that they cant simply cheat ppl and tot that we dont know where to complain to.
thanks a lot for the info...i learn a lot now
*

dont have to worry much. this is a clear cut case. just follow what jarsrix told you and they will definitely refund you. make sure not even 1 sen deducted. just to add 1 more, try to write to malay mail and see how they are going to answer.
jessy123
post Mar 6 2011, 11:37 AM

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its a case of misrepresentation - you bought based on the agent's advice that its a non bumi lot but it was wrong info so legally they have to refund WITH an apology ..smile.gif

its not the case of whether its possible to transfer or not..even if its possible to transfer, you still dont want it as your specific condition was that it should be a non bumi lot..period...

TSdingdong985
post Mar 6 2011, 01:11 PM

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hi guys..thanks all for ur opinion. By tml 12 if i din get an answer from them when i can refund, ill post every report i make here.
I was not take expose to property forum. Anyone can give me links to those forums so I can inform others about this and no one else being a victim
1ullaby
post Mar 6 2011, 01:12 PM

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In my experience this is not the only case of agent misrepresenting, I have personally met 2 such instance.

In one of the case whereby the owner is malay, the agent said to me where got bumi units in this condo, its all non bumi already when sold. That's pretty suspicious by itself so when I asked for the s&p to give it a check, the agent retracted and said to confirm with the owner first where its bumi unit or not.

Yes, I do think that bumi units are hard to move, so sell it harder but in a moral way. Some agents just like unscrupulous that ..

Another fav tactic of theirs are to advertise lower price in iProperty or any other place, and once we made a call, the unit is usu sold, even when you are making the call on the very same day the advert is posted,
and they'll proceed to push a similar unit with a price tag far higher than posted. Very very frustrating to deal with people like that....
TSdingdong985
post Mar 6 2011, 01:18 PM

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QUOTE(1ullaby @ Mar 6 2011, 01:12 PM)
In my experience this is not the only case of agent misrepresenting, I have personally met 2 such instance.

In one of the case whereby the owner is malay, the agent said to me where got bumi units in this condo, its all non bumi already when sold. That's pretty suspicious by itself so when I asked for the s&p to give it a check, the agent retracted and said to confirm with the owner first where its bumi unit or not.

Yes, I do think that bumi units are hard to move, so sell it harder but in a moral way. Some agents just like unscrupulous that ..

Another fav tactic of theirs are to advertise lower price in iProperty or any other place, and once we made a call, the unit is usu sold, even when you are making the call on the very same day the advert is posted,
and they'll proceed to push a similar unit with a price tag far higher than posted. Very very frustrating to deal with people like that....
*
Yeah....i met these kind of cases this several months. when i check the agent details, he posted about 10-15 units for sale on the same day. And when i called him up, most of it is sold. Seems like they are those who trying to push the market higher by misleading us with a thought that houses are sold at this price. cause mostly when i try to get my fren to check with valuer, the price is 20-30% over market price where totally unable to proceed with 90% loan.
But the agent still tell you that it is possible to get loan and they have someone who can value very high.
Its seems like the property market now is full of scam. better be careful

hope no one will go into the same situation as i am now where it is really wasting time and distrubing
JeanJ
post Mar 6 2011, 03:18 PM

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ya it's a good lesson for all of us... as we save n earn our money little by little....it's really unethical to mislead us, the consumer...

maybe the below links are useful to u:

http://www.realestate.net.my/forum/
http://www.myrealestate.com.my/viewforum.php?f=11
http://forum.syiok.com/
http://www.pjnet.com.my/forum-5.html
http://www.propertycommunity.com/forum/malaysia-property/

This post has been edited by JeanJ: Mar 6 2011, 03:21 PM
KitZhai
post Mar 6 2011, 04:05 PM

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Sorry its my first time in property talks.
What the matter of BUMI lot?
TSdingdong985
post Mar 6 2011, 04:14 PM

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hm...bumi lot is reserve for bumi only.
They are cheaper than other unit. If you are not a bumi, and trying to buy a bumi lot, you will face a lot of problem in transferring the name.
Normally will no take the risk as it might take a lot time and effort and money to transfer the house title to a non-bumi.

this is what i know so far. hope its help smile.gif
simplesmile
post Mar 6 2011, 04:57 PM

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QUOTE(KitZhai @ Mar 6 2011, 04:05 PM)
Sorry its my first time in property talks.
What the matter of BUMI lot?
*
BUMI lots is something created by the BN government to burden the non-bumi buyers.
Lets say to cost to build 2 identical property is RM200,000. Developer wants to make 50% margin. So should sell RM400,000 per unit. Assume that 1 is bumi lot and the other is non-bumi lot. Bumi lots get 7% discount. So what does the developer do?
Selling price of 2 units = 2 x RM400,000 = RM800,000
Target margin = 50%.
Difference between non-bumi and bumi lot = 7%.
Assume non-bumi price = A
Then bumi price = (1-0.07)xA
Target total selling revenue = RM800,000 = A + (1-0.07)xA = A+0.93A = 1.93A
A = RM800,000/1.93 = RM414,508

So non-bumi lot sells for RM414,508
And bumi lot sells for RM414,508 - 7% = RM385,492.

So, the discount given to bumi, is added to the selling price of non-bumi units. The government wants to non-bumi to subsidise the bumi.
SUSjalsrix
post Mar 6 2011, 05:28 PM

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QUOTE(simplesmile @ Mar 6 2011, 04:57 PM)

So, the discount given to bumi, is added to the selling price of non-bumi units. The government wants to non-bumi to subsidise the bumi.
*
Partly true.

The other reason is that the govt don't want the non-bumi to own all the land in the country.

That's why bumi houses cannot be sold to non-bumi except for special cases eg. developer cannot sell the house after xxx years, then only can sell to non-bumi. doh.gif

This post has been edited by jalsrix: Mar 6 2011, 05:28 PM
zigot14
post Mar 6 2011, 06:32 PM

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QUOTE(simplesmile @ Mar 6 2011, 04:57 PM)
BUMI lots is something created by the BN government to burden the non-bumi buyers.
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Disagree. Bumi discount and bumi lot is part of an "affirmative action" policy. You know the history: that upon independence in 1957, segments of the society, particularly the Malays are lagging far behind economically because of the British's divide and conquer policy.

Hence we have policies like these with the INTENT of closing economic gap. In this spirit of helping our fellow friends who are far behind, aku support.

Having said that what I do agree with you is:
1. The affirmative action policy has been misused and corrupted by many rich bumiputras and cronies to further enrich themselves.
2. That this policy is no longer relevant today as poverty is not determined by whether or not a person is bumi or non-bumi.
3. That political wackos are still using race card to win political mileage, which inevitably make people perceive that one race is being used by another.
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post Mar 6 2011, 07:06 PM

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Well said. I believe in time, racial politics and policies have no place in Malaysia, time favor multiracial parties in the sense that society can only move upwards in sophistication over time.

Along with bumi quota, I hope leasehold status too. Its really unnecessary burden to homestayers and is only here because of the legacy of an old british system.
SUSjalsrix
post Mar 6 2011, 10:38 PM

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QUOTE(1ullaby @ Mar 6 2011, 07:06 PM)
Well said. I believe in time, racial politics and policies have no place in Malaysia, time favor multiracial parties in the sense that society can only move upwards in sophistication over time.

Along with bumi quota, I hope leasehold status too. Its really unnecessary burden to homestayers and is only here because of the legacy of an old british system.
*
why is leasehold a legacy of old british system ? Mind giving details ?
zie86
post Mar 6 2011, 11:09 PM

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QUOTE(dingdong985 @ Mar 6 2011, 04:14 PM)
hm...bumi lot is reserve for bumi only.
They are cheaper than other unit. If you are not a bumi, and trying to buy a bumi lot, you will face a lot of problem in transferring the name.
Normally will no take the risk as it might take a lot time and effort and money to transfer the house title to a non-bumi.

this is what i know so far. hope its help smile.gif
*
hey dingdong985,

Is the property freehold or leasehold? Still under master title?

If freehold, still 'transferable' but it will takes time and subject to Land Office.

But leasehold, don't ever try it. My colleague just bought a leasehold, failed to transfer the bumi lot and end up losing money for processing fee and legal fee. Don't ever trust the lawyer who said can do it, they were just trying and end-up they will charge u as well if it fails.
michaellee
post Mar 7 2011, 12:01 AM

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hi all,

actually the ones making money from bumi lots are the non-bumis. Bumi lots can be transferred (i don't know fortunately or unfortunately) and could be done without much hassle. It is one topic however, i would rather not talk about. So i will stop here regarding bumi lots.

But for the case of TS, you could report to police commercial crimes unit if you believe you have a case. Unfortunately, i must say you have made a lot of mistakes for a property purchaser. No one should sign anything or give any money unless you have a copy of the title deed. Make sure it is the right title deed. No doubt the agent might be daring enough to deny everything and said you knew all along it is a bumi lot and you are having cold feet. Purchasing properties would always favour the experienced. It is OKAY to ask along someone experience if you are unsure.

Law of defamation is not easy to prove. If you are certain your story is real and that you have been hoodwinked, then you are not defaming a person. But make sure you have solid proof of the other person's wrongdoing. In a forum, things can get emotional and people will tell you to do things as if you are a hero. In a real world, people get sued for being heroes.
1ullaby
post Mar 7 2011, 12:02 AM

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QUOTE(jalsrix @ Mar 6 2011, 10:38 PM)
why is leasehold a legacy of old british system ? Mind giving details ?
*
Okie well.. in my limited knowledge,
leasehold land really ONLY exist in commonwealth nations, and it varies in slightly different forms in each countries, some
will allow only up to 30 years or 50 years of lease (thailand, sg), in Malaysia its commonly 99 years while S'wak is 30 yrs if not mistaken.
But in UK itself, lease will extend up to 999 years.

'Leasing' the land comes from feudal system really, where no commoners actually 'owns' the land, they merely 'borrow' it while giving
tithes to the land owners.

While in modern UK this is still in force, at least 999 years is acceptable in terms of preserving the value long enough.
Some project locally while taking into account the holding period & construction period, it can be less than 90 years left..

Further to add, renewing the lease takes into calculation the value of the land WHEN the lease is renewed. The current market price
is used regardless of whether you bought it 50 years ago or not. Is this fair to leasehold land holders vs freehold? biggrin.gif

This post has been edited by 1ullaby: Mar 7 2011, 12:04 AM
michaellee
post Mar 7 2011, 12:09 AM

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QUOTE(1ullaby @ Mar 7 2011, 12:02 AM)
Okie well.. in my limited knowledge,
leasehold land really ONLY exist in commonwealth nations, and it varies in slightly different forms in each countries, some
will allow only up to 30 years or 50 years of lease (thailand, sg), in Malaysia its commonly 99 years while S'wak is 30 yrs if not mistaken.
But in UK itself, lease will extend up to 999 years.

'Leasing' the land comes from feudal system really, where no commoners actually 'owns' the land, they merely 'borrow' it while giving
tithes to the land owners.

While in modern UK this is still in force, at least 999 years is acceptable in terms of preserving the value long enough.
Some project locally while taking into account the holding period & construction period, it can be less than 90 years left..

Further to add, renewing the lease takes into calculation the value of the land WHEN the lease is renewed. The current market price
is used regardless of whether you bought it 50 years ago or not. Is this fair to leasehold land holders vs freehold?  biggrin.gif
*
It is not true that leasehold occurs only in commonwealth countries. Frankly I do not have the extensive lists of countries with leasehold lands but for China, all lands are state owned. I don't know if they allow private land owners there nowadays. What they will give developers are the rights to develop a piece of land and then to lease the structure to buyers. Buyers will pay a lease price for the land the building occupies, whether stratified or subdivided. In the past, under colonial rulings, we have more freehold than leasehold.

There are quite a number of ways the government calculates the premium of land. In sarawak, apparently people have to pay up to 2/3 of the market value of the land to have their lease renewed (or thereabouts). PJ recently was not as bad (but I cannot remember the figure). I have agriculture lands renewed with very little premium compared with market price. So i believe it is a case by case basis and depending on the class of land.
1ullaby
post Mar 7 2011, 12:19 AM

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QUOTE(michaellee @ Mar 7 2011, 12:09 AM)
It is not true that leasehold occurs only in commonwealth countries. Frankly I do not have the extensive lists of countries with leasehold lands but for China, all lands are state owned. I don't know if they allow private land owners there nowadays. What they will give developers are the rights to develop a piece of land and then to lease the structure to buyers. Buyers will pay a lease price for the land the building occupies, whether stratified or subdivided. In the past, under colonial rulings, we have more freehold than leasehold.

There are quite a number of ways the government calculates the premium of land. In sarawak, apparently people have to pay up to 2/3 of the market value of the land to have their lease renewed (or thereabouts). PJ recently was not as bad (but I cannot remember the figure). I have agriculture lands renewed with very little premium compared with market price. So i believe it is a case by case basis and depending on the class of land.
*
Alright, communist legacy systems aside, as you cant expect to own something if the policy is everything to be "shared equal".
Regardless of whether we have more freehold than leasehold in the past, the government can actually do something to it instead
of making things complicated. Come on, why maintain a policy that burdens the system when not every mechanism is oiled and greased?
And to serve what purpose?

For PJ case it the end its still to the discretion of the state government. Else at current PJ land price, it will be bad ... whether 2/3 or 1/10,
its still at current market price, whereby the people are supposely the owner of the land.
Case by case basis yes, residential land remains hopeful for premium reduction, but why put this burden on the people ..
For something that is uncertain, the value gets discounted ..

This post has been edited by 1ullaby: Mar 7 2011, 12:22 AM
TSdingdong985
post Mar 7 2011, 12:35 AM

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QUOTE(michaellee @ Mar 7 2011, 12:01 AM)
hi all,

actually the ones making money from bumi lots are the non-bumis. Bumi lots can be transferred (i don't know fortunately or unfortunately) and could be done without much hassle. It is one topic however, i would rather not talk about. So i will stop here regarding bumi lots.

But for the case of TS, you could report to police commercial crimes unit if you believe you have a case. Unfortunately, i must say you have made a lot of mistakes for a property purchaser. No one should sign anything or give any money unless you have a copy of the title deed. Make sure it is the right title deed. No doubt the agent might be daring enough to deny everything and said you knew all along it is a bumi lot and you are having cold feet. Purchasing properties would always favour the experienced. It is OKAY to ask along someone experience if you are unsure.

Law of defamation is not easy to prove. If you are certain your story is real and that you have been hoodwinked, then you are not defaming a person. But make sure you have solid proof of the other person's wrongdoing. In a forum, things can get emotional and people will tell you to do things as if you are a hero. In a real world, people get sued for being heroes.
*
Thanks for the reminder. It think i got solid proof where he sent me another very unofficial letter to sign and stated that both owner and buyer do not know that the unit is not a bumi lot at 1st place.
the most important thing is that he as the agent who sell the thing should have make sure + clear on what he is selling. if he is uncertain, just tell me that he dunno, shouldnt confirm it is not a bumi lot. it is either he at 1st place plan to cheat me or his mistake for not making sure what he is selling
michaellee
post Mar 7 2011, 12:40 AM

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QUOTE(1ullaby @ Mar 7 2011, 12:19 AM)
Alright, communist legacy systems aside, as you cant expect to own something if the policy is everything to be "shared equal".
Regardless of whether we have more freehold than leasehold in the past, the government can actually do something to it instead
of making things complicated. Come on, why maintain a policy that burdens the system when not every mechanism is oiled and greased?
And to serve what purpose?

For PJ case it the end its still to the discretion of the state government. Else at current PJ land price, it will be bad ... whether 2/3 or 1/10,
its still at current market price, whereby the people are supposely the owner of the land.
Case by case basis yes, residential land remains hopeful for premium reduction, but why put this burden on the people ..
For something that is uncertain, the value gets discounted ..
*
In Singapore, where many people from this forum, tend to praise their system, most of their properties are leasehold. In fact ALL of their HDB are leasehold. Doesn't matter if it is freehold as the government can apply a law which states that they are intending to take the "freehold" land back for development and they pay you peanuts for it (which is unlike Malaysia, they do pay the market price for land acquired be it bumi or not). So does not really matter if you have leasehold or freehold. Perhaps for those who wants reassurance, just buy those freehold.


Added on March 7, 2011, 12:43 am
QUOTE(dingdong985 @ Mar 7 2011, 12:35 AM)
Thanks for the reminder. It think i got solid proof where he sent me another very unofficial letter to sign and stated that both owner and buyer do not know that the unit is not a bumi lot at 1st place.
the most important thing is that he as the agent who sell the thing should have make sure + clear on what he is selling. if he is uncertain, just tell me that he dunno, shouldnt confirm it is not a bumi lot. it is either he at 1st place plan to cheat me or his mistake for not making sure what he is selling
*
Unfortunately we do live in a sometimes unfair world, where the nasty experienced people will take advantage of those who do not know. Just be extra careful. I believe you have a strong case, so just keep your stand but try to resolve amicably. It is to your advantage as I believe the agent might not have done it for the first time.

This post has been edited by michaellee: Mar 7 2011, 12:43 AM
TSdingdong985
post Mar 7 2011, 12:46 AM

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yeah...the agent should have known how to respond. but what to do. will try to solve thing peacefully but i dont think he will give up easily as well.
KitZhai
post Mar 7 2011, 01:31 AM

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i see... thanks for the info.. =]
henryhing
post Mar 7 2011, 08:29 AM

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Gosh hope ul manage to solve it by today. BTW hope u could post up the agents name and company so we will spread the news around to boycott him..Maybe an indirect info would help many potential property purchasers here..
Good luck
TSdingdong985
post Mar 7 2011, 08:33 AM

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yo fren,
really nervous...hope everything can be solved peacefully.
I was trying my best not to break his rice bowl as I don't hope to face some problems in the future. He don't look like a gentlemen to me
So its better leave some chances
unless thing is really not able to solve then really need to review his name + company d
kochin
post Mar 7 2011, 08:35 AM

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another sad case indeed.
with my property hunt some time ago, i easily met up with more than 3 dozens agents. of that, i can only say less than 5% are good agents. the other 95% are merely lying their way around.
sad to think that some or most of these morons actually made big profits from their commission of successful transactions.
haih!
michaellee
post Mar 7 2011, 08:48 AM

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QUOTE(kochin @ Mar 7 2011, 08:35 AM)
another sad case indeed.
with my property hunt some time ago, i easily met up with more than 3 dozens agents. of that, i can only say less than 5% are good agents. the other 95% are merely lying their way around.
sad to think that some or most of these morons actually made big profits from their commission of successful transactions.
haih!
*
Unfortunately it is the reality of life. Property should be the single most expensive item a person would buy in his lifetime. Hence one should be very careful even if it is creating a hassle for the other party. Afterall, it is your money.
SUSjalsrix
post Mar 7 2011, 08:48 AM

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QUOTE(zie86 @ Mar 6 2011, 11:09 PM)
hey dingdong985,


If freehold, still 'transferable' but it will takes time and subject to Land Office.
Most bukit jalil properties are 'freehold with consent' which is different from freehold (3 months) and leasehold.

Freehold with consent needs 2 to 3 months letter of consent from land office before anything can be done.(another 3 months for lawyer processing)

Bumi to non-bumi is not transferable bcos bukit jalil is an international zone, I've gone to land office to ask before.



This post has been edited by jalsrix: Mar 7 2011, 08:52 AM
henryhing
post Mar 7 2011, 08:53 AM

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I dislike young agents especially if the agent is a guy..Smooth criminal.
I love old aunty agents which are not aggresive. They seem more genuine and not in rush to push u to buy a prop. They tend to be more patient..Its just based on my personal experience...
SUSjalsrix
post Mar 7 2011, 08:53 AM

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Added on March 7, 2011, 8:52 am
QUOTE(kochin @ Mar 7 2011, 08:35 AM)
another sad case indeed.
with my property hunt some time ago, i easily met up with more than 3 dozens agents. of that, i can only say less than 5% are good agents. the other 95% are merely lying their way around.
sad to think that some or most of these morons actually made big profits from their commission of successful transactions.
haih!
*
Most of these real estate agents are 'high school dropout' or 'uneducated people' whose only capability is their unethical mouth.

As long as they make money for their company and agents, they don't care who they hire.

I have been lied to many times by these agents. mad.gif

This post has been edited by jalsrix: Mar 7 2011, 08:54 AM
henryhing
post Mar 7 2011, 08:54 AM

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Thumbs up to Aunty Agents...
Btw is ur agent a young guy????
SUSjalsrix
post Mar 7 2011, 08:56 AM

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QUOTE(henryhing @ Mar 7 2011, 08:53 AM)
I dislike young agents especially if the agent is a guy..Smooth criminal.
I love old aunty agents which are not aggresive. They seem more genuine and not in rush to push u to buy a prop. They tend to be more patient..Its just based on my personal experience...
*
It depends on the character/personality and not the age of the agents.

I've met a lot of rude aunties.
henryhing
post Mar 7 2011, 09:01 AM

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Thumbs up to most Aunty Agents...
TSdingdong985
post Mar 7 2011, 09:30 AM

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its not a young guy agents....old fox agent i should say... smile.gif at his 30 something....be careful guys


Added on March 7, 2011, 9:37 am
QUOTE(michaellee @ Mar 7 2011, 08:48 AM)
Unfortunately it is the reality of life. Property should be the single most expensive item a person would buy in his lifetime. Hence one should be very careful even if it is creating a hassle for the other party. Afterall, it is your money.
*
Agree. its my mistake for rushing thing out as i like the house + place, summore is within budget. sad.gif
But still it is unforgivable that the agent is planning to cheat me at 1st.
Will be extra careful next time and I hope there is no more posting like this from me in the future as this is a very expensive lesson

This post has been edited by dingdong985: Mar 7 2011, 09:37 AM
henryhing
post Mar 7 2011, 09:47 AM

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QUOTE(dingdong985 @ Mar 7 2011, 09:30 AM)
its not a young guy agents....old fox agent i should say... smile.gif at his 30 something....be careful guys


Wei I also 30 something vmad.gif Thats still young la wei... cry.gif
TSdingdong985
post Mar 7 2011, 09:48 AM

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oh ok.. smile.gif
im js 20 something....so 30 something is consider old for me...
tongue.gif


Added on March 7, 2011, 9:50 amunable to contact the agent already.... lolz

This post has been edited by dingdong985: Mar 7 2011, 09:50 AM
Dern
post Mar 7 2011, 10:37 AM

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QUOTE(dingdong985 @ Mar 7 2011, 08:33 AM)
yo fren,
really nervous...hope everything can be solved peacefully.
I was trying my best not to break his rice bowl as I don't hope to face some problems in the future. He don't look like a gentlemen to me
So its better leave some chances
unless thing is really not able to solve then really need to review his name + company d
*
I think you dont get other people's main point. Whether you reveal his name or not, how does he prove that dingdong985 is your real name ? and that he will specifically come to lowyat forum to check you ? secondly, when you reveal his name, im sure many people will pretend to go and test the water before boycotting him(well, maybe some will)....in a way, when you reveal his name and property name, many with not much knowledge in this area, will be saved.

I find it a bit illogical for you to think about his rice bowl when he already ripped you off, seriously. shocking.gif
Indirectly, you are encouraging more real estate agents to commit such thing, because you are OK with it...as I said in some of my previous treat, shouldnt use real estate agent service if you want to buy house or sell house. Not all real estate agents are bad, but their service is ONLY necessary if you are too busy.
TSdingdong985
post Mar 7 2011, 10:41 AM

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for now he has apologize and we r trying to solve the thing out peacefully by today.
i dont know abt ur thking but still to go as far as breaking someone rice bowl is definitely serious. I dont want to take this step if possible

i might review some hints later to prevent u guys fall into same trap next time. but its better after i settle the thing out 1st..
and ill read ur previous thread and see what is your suggestion without using agent. hope it is a great help after this
michaellee
post Mar 7 2011, 10:42 AM

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QUOTE(Dern @ Mar 7 2011, 10:37 AM)
I think you dont get other people's main point. Whether you reveal his name or not, how does he prove that dingdong985 is your real name ? and that he will specifically come to lowyat forum to check you ? secondly, when you reveal his name, im sure many people will pretend to go and test the water before boycotting him(well, maybe some will)....in a way, when you reveal his name and property name, many with not much knowledge in this area, will be saved.

I find it a bit illogical for you to think about his rice bowl when he already ripped you off, seriously.  shocking.gif
Indirectly, you are encouraging more real estate agents to commit such thing, because you are OK with it...as I said in some of my previous treat, shouldnt use real estate agent service if you want to buy house or sell house. Not all real estate agents are bad, but their service is ONLY necessary if you are too busy.
*
I believe by Pointing out what has happened is enough for people to learn. Just let it be in case he is drag into a malicious intent defamation case.

TSdingdong985
post Mar 7 2011, 10:45 AM

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thx michael, im agree with u.... hope everyone who read this post can learn
MFLooi
post Mar 7 2011, 10:47 AM

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asyik nak jaga hati seorang, yang lain tunggu kena jerat.
Mentality macam inilah masyarakat kita hancur.

Nak jadi gentleman, tapi si penipu tak hirau pun kang hang. Bangang betul. Kau kesian kat dia, siapa nak kesian kat kamu?

With that being said, I still hope you get your money back, by hook or by crook.

This post has been edited by MFLooi: Mar 7 2011, 11:06 AM
Liew2020
post Mar 7 2011, 10:52 AM

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QUOTE(dingdong985 @ Mar 7 2011, 10:45 AM)
thx michael, im agree with u.... hope everyone who read this post can learn
*
Thanks for your sharing. I wish that you could take back your "blood sweat" money.
HappyA_Q
post Mar 7 2011, 11:11 AM

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I agree that better to deal with auntie agents... they don't really look at $$$ that important, but do deals based on trust.

Nowadays a lot of younger agents in 20s, degree holder are better... at least more truthful.

I also once dealt with a male agent in his 40s, but everytime I talked to him, he just like to mention $$$ la, tips la, or too busy to actually entertain me (and I am actually buying a house from him that time). Kanasai...

Those uneducated ones.... just look at $$$$, money, and money~ f*ck... I guess that's the only reason they work as agent or negotiators.
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post Mar 7 2011, 11:14 AM

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lucky for me i bought my house from a trusted agent..
he is also very friendly...

i also met a not very nice 35~40 yo lady that to me seems very selfish..
just when i asked the price advertised in the internet ..
when i asked whether the price can be negotiable or not
she immediately said that the owner had mistakenly put very low price...
so she have to sell the house fast and need to give 2% d/payment by next day...
henryhing
post Mar 7 2011, 11:50 AM

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50t yrs old Aunty Agent the best...Most..
Dern
post Mar 7 2011, 12:00 PM

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QUOTE(dingdong985 @ Mar 7 2011, 10:41 AM)
for now he has apologize and we r trying to solve the thing out peacefully by today.
i dont know abt ur thking but still to go as far as breaking someone rice bowl is definitely serious. I dont want to take this step if possible

i might review some hints later to prevent u guys fall into same trap next time. but its better after i settle the thing out 1st..
and ill read ur previous thread and see what is your suggestion without using agent. hope it is a great help after this
*
ah sorry, i think i didnt put in another sentence " of course if any matter can be solved in a diplomatic way, that is the best lah icon_rolleyes.gif "

But I guess it's best to deal with house owners directly than to deal with agents....seriously. Usually, many have no choice but to lie their way through because they want to get money...or sales. It's the truth.

If Im a real estate agent, Im sure will investigate in detail, and then give all the info to customer, and the rest is his decision. I think he will appreciate me more, and in future recommend me more customers. I dont mind to get little money back, but at least I have more recommendations.

This post has been edited by Dern: Mar 7 2011, 12:04 PM
TSdingdong985
post Mar 7 2011, 12:08 PM

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yeah...this is wat a sales agent should be
be honest and no need to worry no sales
give ur best servie, after and before
once u did wrong once, ur name is published, ur photo is published, u r done in tat field
Dern
post Mar 7 2011, 12:12 PM

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QUOTE(dingdong985 @ Mar 7 2011, 12:08 PM)
yeah...this is wat a sales agent should be
be honest and no need to worry no sales
give ur best servie, after and before
once u did wrong once, ur name is published, ur photo is published, u r done in tat field
*
well, in your case, he's name is not published...and also, you need to bear in mind, you might not be his only victim.
SUSjalsrix
post Mar 7 2011, 12:13 PM

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QUOTE(HappyA_Q @ Mar 7 2011, 11:11 AM)
I agree that better to deal with auntie agents... they don't really look at $$$ that important, but do deals based on trust.

Nowadays a lot of younger agents in 20s, degree holder are better... at least more truthful.

You've not met rude auntie agents before.

Most are very rude, it's like their time is worth 1000 per hour. Ask them things, they don't want to reply.

"Why you want to ask so many questions if you don't wanna buy." doh.gif

Like I said, it depends on their personality and not their age.

I have met one professional young girl agent , very nice and care to explain the environment etc (unlike those auntie agent who is easily annoyed)

Another agent i met in 20s young guy also very nice. He told me how much he sold the property (unlike other people who couldn't be bothered to tell)

This post has been edited by jalsrix: Mar 7 2011, 12:15 PM
TSdingdong985
post Mar 7 2011, 12:14 PM

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i thk is depend on person as jalsrix mention.... i met some is nice jz the price they offer unable to get loan n not proceed only


Added on March 7, 2011, 12:22 pm
QUOTE(Dern @ Mar 7 2011, 12:12 PM)
well, in your case, he's name is not published...and also, you need to bear in mind, you might not be his only victim.
*
its not im trying to be gentlemen by not publishing his name
just hope not forcing someone to the level where he will do some unexpected thing.
my intention is just get back my money and thing solved peacefully between me n him.
unless he still refuse to refund then i got no choice and complain him to miea or mca and that time i no need to hide his name & company already.
im not sure abt others, but i thk from all the replies by the forumer here already been a great help and good tips for those who plan to buy house

This post has been edited by dingdong985: Mar 7 2011, 12:22 PM
HappyA_Q
post Mar 7 2011, 01:28 PM

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dingdong, have you got your refund back? It's past 12pm.
And I remember that you said the agent will get back to you today before 12pm??

You should let us know the company and the f*ck*ng agent name.
Then, all of us avoid him, at least the ones who read this forum!
Why bother covering up someone who twisted you into this situation now?
JockMatGuy
post Mar 7 2011, 02:11 PM

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I WISHING dingdxng cant even get a single cent refunded, hopefully by then he/she will reveal the agent/real company name.

I also wish forumers do not annoyed by my 'black heart' comment.
btw, dingdong985 is a really nice guy.



from JockMxtGxy, a fcuking extremist
GinaJen
post Mar 7 2011, 02:34 PM

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QUOTE(JockMatGuy @ Mar 7 2011, 02:11 PM)
I WISHING dingdxng cant even get a single cent refunded, hopefully by then he/she will reveal the agent/real company name.

I also wish forumers do not annoyed by my 'black heart' comment.
btw, dingdong985 is a really nice guy.
from JockMxtGxy, a fcuking extremist
*
AGreed on the GOOD GUY....u can just PM me,am active in some property forum....i can do on behalf on u...
TSdingdong985
post Mar 7 2011, 02:45 PM

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hi guys...the agent has agreed to refund to me by tomorrow 5pm.
So i think the case is still pending as I havent receive money in my bank.

regarding the name....sorry, i still dont hope to review it....only able to advice u guys to go thru the processes mentioned all this while by experienced buyer so that you guys wont fall into the scam such as what im having right now. sad.gif

michaellee
post Mar 7 2011, 03:14 PM

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QUOTE(dingdong985 @ Mar 7 2011, 02:45 PM)
hi guys...the agent has agreed to refund to me by tomorrow 5pm.
So i think the case is still pending as I havent receive money in my bank.

regarding the name....sorry, i still dont hope to review it....only able to advice u guys to go thru the processes mentioned all this while by experienced buyer so that you guys wont fall into the scam such as what im having right now. sad.gif
*
Just curious, how come everyone is so interested in the agent's name. We should just move on.
TSdingdong985
post Mar 7 2011, 03:15 PM

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yeah...jz follow the normal procedure and i thk it is hard for them to take advantage already. smile.gif
but b4 i get my money back...im still worry sad.gif
JockMatGuy
post Mar 7 2011, 03:25 PM

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I also curious, why a 'bad guy' name should be 'protected'.


Not only this particular case, for thousands of victims of scam, robbed, raped...... etc etc etc. The cuplrit is not a first timer.
Sometimes 'Good guy' really play a role.
We should just move on.
merce
post Mar 7 2011, 05:06 PM

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QUOTE(henryhing @ Mar 7 2011, 09:47 AM)
Wei I also 30 something vmad.gif  Thats still young la wei... cry.gif
*
ya... 30s is still young lah...

rolleyes.gif
trinityz
post Mar 7 2011, 06:34 PM

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QUOTE(dingdong985 @ Mar 7 2011, 02:45 PM)
hi guys...the agent has agreed to refund to me by tomorrow 5pm.
So i think the case is still pending as I havent receive money in my bank.

regarding the name....sorry, i still dont hope to review it....only able to advice u guys to go thru the processes mentioned all this while by experienced buyer so that you guys wont fall into the scam such as what im having right now. sad.gif
*
u scare to reveal and scare this, scare that. what is the purpose of you posting here?
TSdingdong985
post Mar 7 2011, 06:35 PM

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letting u know got this kind of scam and try to search anyway to encounter it
CyrusChang
post Mar 7 2011, 07:48 PM

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As long as is not...
Today Say: Tomorrow lar
Tomorrow Say: Next Day lar
Next Day Say: Next Week Lar
Next Week Say: Next Month Lar
Next Month Say: Next Year Lar
Next Year Say: Nombor Yang Anda Dial Tidak Dalam Perkhidmatan
Then should be fine...
littleprawn
post Mar 7 2011, 09:24 PM

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thanks for sharing the experience here~
learn a few things tonight regarding the bumi lot and etc~
donno when only can buy house~
saving only rm500 per monthly~
TSdingdong985
post Mar 8 2011, 03:15 PM

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QUOTE(CyrusChang @ Mar 7 2011, 07:48 PM)
As long as is not...
Today Say: Tomorrow lar
Tomorrow Say: Next Day lar
Next Day Say: Next Week Lar
Next Week Say: Next Month Lar
Next Month Say: Next Year Lar
Next Year Say: Nombor Yang Anda Dial Tidak Dalam Perkhidmatan
Then should be fine...
*
The 1st one kena d....just called and said, 'tomorrow lar'
hjaha
zigot14
post Mar 8 2011, 09:38 PM

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wow kesian you la friend, another sleepless night. I know how it feels.

Good luck!
TSdingdong985
post Mar 8 2011, 11:08 PM

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yeah....until i saw the money in my acc i cant sleep properly sad.gif

g r a p e k e y
post Mar 9 2011, 12:22 AM

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QUOTE(dingdong985 @ Mar 5 2011, 11:40 PM)
Hi all.

FYI: I was told http://www.miea.com.my/ this can help me. smile.gif Any success case can share with me?

would like to seek help from you guys... sad.gif  icon_question.gif  icon_question.gif
I was lured into a trap by a real estate agency into purchasing a Bumi lot.
The 1st time when I go n view the house, the first thing i asked is whether it is a Bumi lot
the agent confirm me it is not.... sad.gif
And then after all deal, I have paid 3% deposit to him. When I was giving him the cheque, the owner part is not signed yet.
When he give me the confirmation letter after the owner sign I saw he is a malay.

When I feel it is some kind fishy, I asked him again whether it is a Bumi lot, he again vy confirm and sure that it is not.
I feel not safe and I go and google the unit. End up I saw the unit is auction before at 2009, and it is a BUMI LOT!!

And then suddenly his lawyer called and I asked the lawyer to confirm it and finally it is confirmed.
I called up the agent and try to cancel the deal with him and get back my deposit as it will be issue in transferring the title for the unit.

What the agent do is:
1) try to convinced me to buy the unit ( where he has the way to change the title  shocking.gif  )
2) told me that he dunno it is a Bumi lot ( which is at 1st he VERY SURE it is not )  mad.gif

And now he still refuse to pay back my deposit. sad.gif
If I know it is a BUMI LOT i won't proceed with the purchasing. 

Anyone face the same cases before or anyone got any good suggestion what to do?  icon_question.gif  icon_question.gif

My lesson is " Do not fully trust your agent" and try to do lot of research yourself. Even no help given, I hope this give some tips to other property buyer.
*
call him up again, record your conversation with him......poor you.. The unit , his lawyer and himself could also be no body to that unit you bought) .. be careful....
TSdingdong985
post Mar 9 2011, 12:28 AM

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called his company already....and management know need to refund....so i thk case is settle...jz waiting for cek....hope it is really settle sad.gif
fionalee31650
post Mar 9 2011, 01:07 AM

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hey...the cheque you issue using the property agent company name or the agent individual name ah? can pm me the agent name ah?? very scare :S
TSdingdong985
post Mar 9 2011, 01:12 AM

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i oso issued to company name....but i got 14 days period to get back the $$$ coz its written 14 days after sign the confirmation, if the thing does not proceed, the deposit will be forfeited.
CyrusChang
post Mar 9 2011, 01:37 AM

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QUOTE(dingdong985 @ Mar 9 2011, 01:12 AM)
i oso issued to company name....but i got 14 days period to get back the $$$ coz its written 14 days after sign the confirmation, if the thing does not proceed, the deposit will be forfeited.
*
Deposit will be refunded or forfeited is different...you sure is forfeited?
TSdingdong985
post Mar 9 2011, 01:38 AM

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yeah...it is forfeited if buyer unable to prepare everythign and sign s&p 14 days after the confirmation sign
leongal
post Mar 9 2011, 07:01 AM

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QUOTE(dingdong985 @ Mar 9 2011, 01:38 AM)
yeah...it is forfeited if buyer unable to prepare everythign and sign s&p 14 days after the confirmation sign
*
i think it shouldn't be this case, your booking fee should be able to get back because it is the buyer's fault...do update us of your case
merce
post Mar 9 2011, 09:42 AM

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do keep us on the loop in this matter.
TSdingdong985
post Mar 9 2011, 09:43 AM

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yeah...waiting for refund today....hope everything settle by then.....but i thk bank in cheque today, will get it on next monday sad.gif
merce
post Mar 9 2011, 09:47 AM

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QUOTE(dingdong985 @ Mar 9 2011, 09:43 AM)
yeah...waiting for refund today....hope everything settle by then.....but i thk bank in cheque today, will get it on next monday sad.gif
*
1 day float only if its bank in before 10am

TSdingdong985
post Mar 9 2011, 09:48 AM

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hm...but he is gonna give me the cheque arnd 12-3pm....tats y it is consider tommorow sad.gif
merce
post Mar 9 2011, 09:59 AM

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QUOTE(dingdong985 @ Mar 9 2011, 09:48 AM)
hm...but he is gonna give me the cheque arnd 12-3pm....tats y it is consider tommorow sad.gif
*
will have to wait till monday.

btw let me know if u r still lookng for a house. =P
TSdingdong985
post Mar 9 2011, 05:10 PM

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Finally get refund!!!!!! quite relief d.....but until i saw the money in account i can fully relief smile.gif
merce
post Mar 9 2011, 05:14 PM

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QUOTE(dingdong985 @ Mar 9 2011, 05:10 PM)
Finally get refund!!!!!! quite relief d.....but until i saw the money in account i can fully relief smile.gif
*
now u have to pray for another thing;

hope that the cheque wont bounce... sweat.gif
anniecyp2003
post Mar 9 2011, 05:21 PM

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QUOTE(tzuen @ Mar 5 2011, 11:54 PM)
Sorry to hear that bro. I'm in the mid of looking houses too, mind share more information about the agent?
*
Hey, so has u found any house yet? Im planning to buy a house too. mind sharing? notworthy.gif
TSdingdong985
post Mar 9 2011, 05:25 PM

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QUOTE(merce @ Mar 9 2011, 05:14 PM)
now u have to pray for another thing;

hope that the cheque wont bounce...  sweat.gif
*
hehe...bro....yeah...tats y i said im partly relief only
hope by monday i can c the amount in my account then i can fully relief....and bro, pm-ed u already


Added on March 9, 2011, 5:26 pm
QUOTE(anniecyp2003 @ Mar 9 2011, 05:21 PM)
Hey, so has u found any house yet? Im planning to buy a house too. mind sharing?  notworthy.gif
*
hehe...the only tips...be careful smile.gif
and go thru the forum...a lot tips and guidance and cases.....so u can prepare urself if same situation hjappen to u
GOOD LUCK to u

This post has been edited by dingdong985: Mar 9 2011, 05:26 PM
michaellee
post Mar 9 2011, 05:26 PM

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QUOTE(dingdong985 @ Mar 9 2011, 05:10 PM)
Finally get refund!!!!!! quite relief d.....but until i saw the money in account i can fully relief smile.gif
*
Congratulations. Unlikely to bounce unless the agency is planning to close shop by tomorrow. So give yourself a Tiger!
TSdingdong985
post Mar 9 2011, 05:31 PM

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yo michael...thanks a lot....
also thanks for the advices earlier
hope to learn more from u
SUSjalsrix
post Mar 9 2011, 09:32 PM

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QUOTE(dingdong985 @ Mar 9 2011, 05:10 PM)
Finally get refund!!!!!! quite relief d.....but until i saw the money in account i can fully relief smile.gif
*
They should have given you your original bank cheque back instead of giving you a new cheque.

Last time, i got my own bank draft back, no need to wait for cheque to clear, just cancel.
CyrusChang
post Mar 9 2011, 09:54 PM

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Congratulation and have a nice sleep tonight!!!
TSdingdong985
post Mar 9 2011, 10:56 PM

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QUOTE(jalsrix @ Mar 9 2011, 09:32 PM)
They should have given you your original bank cheque back instead of giving you a new cheque.

Last time, i got my own bank draft back, no need to wait for cheque to clear, just cancel.
*
they already claim the banker cheque sad.gif


Added on March 9, 2011, 11:05 pm
QUOTE(CyrusChang @ Mar 9 2011, 09:54 PM)
Congratulation and have a nice sleep tonight!!!
*
Thanks bro...finally smile.gif

This post has been edited by dingdong985: Mar 9 2011, 11:05 PM
IMHO
post Mar 10 2011, 09:01 AM

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QUOTE(simplesmile @ Mar 6 2011, 04:57 PM)
BUMI lots is something created by the BN government to burden the non-bumi buyers.
Lets say to cost to build 2 identical property is RM200,000. Developer wants to make 50% margin. So should sell RM400,000 per unit. Assume that 1 is bumi lot and the other is non-bumi lot. Bumi lots get 7% discount. So what does the developer do?
Selling price of 2 units = 2 x RM400,000 = RM800,000
Target margin = 50%.
Difference between non-bumi and bumi lot = 7%.
Assume non-bumi price = A
Then bumi price = (1-0.07)xA
Target total selling revenue = RM800,000 = A + (1-0.07)xA = A+0.93A = 1.93A
A = RM800,000/1.93 = RM414,508

So non-bumi lot sells for RM414,508
And bumi lot sells for RM414,508 - 7% = RM385,492.

So, the discount given to bumi, is added to the selling price of non-bumi units. The government wants to non-bumi to subsidise the bumi.
*
+1 vmad.gif
Gary1981
post Mar 10 2011, 10:55 AM

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A untie agent also try her best to persuade me to pay deposit for the house. However i keen ask her to give me see the house tittle, and the day i want to pay her deposit cheque, she only tell me that the house tittle had lost by the bank. Hence she support me the letter indicate the land still under the owners name. Hence before handover the cheque, i immediate call up my lawyer for advice, my lawyer said it may have a lot hassle for which may drag for months. She has the intention not to let me know about the tittle lost and force me to pay the deposit.

However, i say to agent that show me the house tittle and then only pay the deposit. She claims very fast within a month the title can be settle. Till now i have no news from her.

I already bought other unit. My advice, those 1st time buyers seriously need to gather a lot infomation before purchase any.
henryhing
post Mar 10 2011, 11:09 AM

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Congrats bro..Btw can pm me the agents face, name and company?? so i publish it to warn others..I like to attack bad people...
SUSjalsrix
post Mar 10 2011, 01:57 PM

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QUOTE(henryhing @ Mar 10 2011, 11:09 AM)
Congrats bro..Btw can pm me the agents face, name and company?? so i publish it to warn others..I like to attack bad people...
*


rclxms.gif please pm me the agent name and company too.

All these salesmen are liars:

Insurance agent
Real estate agent
Credit card agent


Mostly uneducated people do this type of work.
Dern
post Mar 11 2011, 12:28 PM

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QUOTE(jalsrix @ Mar 10 2011, 01:57 PM)
rclxms.gif please pm me the agent name and company too.

All these salesmen are liars:

Insurance agent
Real estate agent
Credit card agent
Mostly uneducated people do this type of work.
*
insurance agent, depends lo, but if you want to buy insurance i suggest you buy from banks directly, the comission part less a lot, yet you still have the same protection.

real estate agent, YES ! they are more prone to not disclose any information to mislead you to buy the property, UNFORTUNATELY.

credit card agent, nolah....this one they want to makan you how much ? besides if you dont pay for your credit, takkan you want to blame the agent that intorduces you the card ? doesnt make sense....right?

mostly uneducated people do this work ? I disagree, it is people who want to earn side income to this....it may be those educated or uneducated.
merce
post Mar 11 2011, 01:11 PM

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QUOTE(jalsrix @ Mar 10 2011, 01:57 PM)
rclxms.gif please pm me the agent name and company too.

All these salesmen are liars:

Insurance agent
Real estate agent
Credit card agent
Mostly uneducated people do this type of work.
*
no offence... but that is a very shallow statement. smile.gif
michaellee
post Mar 11 2011, 04:30 PM

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QUOTE(merce @ Mar 11 2011, 01:11 PM)
no offence... but that is a very shallow statement.  smile.gif
*
No doubt a very shallow statement BUT i caveat it with the fact that majority of them are too profit oriented and are not doing their job. Most would lie through their teeth on their products but on further probing, they have no idea what they are selling.
TSdingdong985
post Mar 11 2011, 04:40 PM

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yeah...a sales shud be honest...
like that only got continuous business....
like the agent who did this to me, i wont find him again, those who know abt this wont find him again....
he lost a lot potential customers already...

bearbearhong
post Mar 11 2011, 05:02 PM

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QUOTE(merce @ Mar 11 2011, 01:11 PM)
no offence... but that is a very shallow statement.  smile.gif
*
+1


Added on March 11, 2011, 5:07 pm
QUOTE(michaellee @ Mar 11 2011, 04:30 PM)
No doubt a very shallow statement BUT i caveat it with the fact that majority of them are too profit oriented and are not doing their job. Most would lie through their teeth on their products but on further probing, they have no idea what they are selling.
*
yes, but dont blame it to "uneducated" ppl, many well educated ppl are so ignorance and too $ minded that they dont bother about conscience & ethical of their profession.

TS, the so called agent may not be a registered real estate agent.

many real estate firm hires "negotiator" for their business, and many of them just wanted to get quick bucks, by giving false info, lame excuses.

go for reliable real estate firm, there are few in town, they dont dare to jeopardise their company name and most agent from there are more pro.


This post has been edited by bearbearhong: Mar 11 2011, 05:07 PM
felixmask
post Mar 11 2011, 05:34 PM

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bearbearhong -: mind share reliable real estate firm?
bearbearhong
post Mar 11 2011, 05:36 PM

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QUOTE(felixmask @ Mar 11 2011, 05:34 PM)
bearbearhong -: mind share reliable real estate firm?
*
reapfields is quite well known, there are few others...
Dern
post Mar 11 2011, 06:10 PM

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QUOTE(dingdong985 @ Mar 11 2011, 04:40 PM)
yeah...a sales shud be honest...
like that only got continuous business....
like the agent who did this to me, i wont find him again, those who know abt this wont find him again....
he lost a lot potential customers already...
*
that's why tell all of us lahhhhhhh, aiyoh i really dont get u why so protective ? u think if you disclose his name, he kenot cari makan in real estate, he cant jump to other field meh ? aiyoh, KL/City people not as stupid as you think lah....

instead of saving a rice bowl, why not u save a lot of other rice bowls(the buyer) ????
michaellee
post Mar 11 2011, 06:41 PM

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QUOTE(Dern @ Mar 11 2011, 06:10 PM)
that's why tell all of us lahhhhhhh, aiyoh i really dont get u why so protective ? u think if you disclose his name, he kenot cari makan in real estate, he cant jump to other field meh ? aiyoh, KL/City people not as stupid as you think lah....

instead of saving a rice bowl, why not u save a lot of other rice bowls(the buyer) ????
*
No doubt I believe TS is a nice guy. But again it is one sided story. Read and seep up the experience and be wiser. Knowing the experience will keep you wary of all bad agents. Knowing the name of one will make you less aware of others.

Let's move on
TSdingdong985
post Mar 11 2011, 06:43 PM

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thanks micheal .... i still thk the agent and the company is not important.
u know this agent, but still there are a lot bad agent out thr trying to scam u...
so instead...be careful with the tactic, follow procedure, know ur right then it shud be safe
CyrusChang
post Mar 12 2011, 06:38 PM

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What about Oriental Realty?
shaquenator
post Mar 12 2011, 08:19 PM

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QUOTE(dingdong985 @ Mar 11 2011, 06:43 PM)
thanks micheal .... i still thk the agent and the company is not important.
u know this agent, but still there are a lot bad agent out thr trying to scam u...
so instead...be careful with the tactic, follow procedure, know ur right then it shud be safe
*
i agree, but dont you think if you know that person, you should skip right away ? dont have to waste time to listen to him....anyway, im unsure what if the unethical thing if you expose his name though...

michael, it's true that everyone needs to move on. However, easier said than done, especially if in the event that dingdong cant get his refund and he loses in everything he does ? the point is dingdong might be lucky, but what if others might not be so lucky ? smile.gif

michaellee
post Mar 13 2011, 09:52 AM

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QUOTE(shaquenator @ Mar 12 2011, 08:19 PM)
i agree, but dont you think if you know that person, you should skip right away ? dont have to waste time to listen to him....anyway, im unsure what if the unethical thing if you expose his name though...

michael, it's true that everyone needs to move on. However, easier said than done, especially if in the event that dingdong cant get his refund and he loses in everything he does ? the point is dingdong might be lucky, but what if others might not be so lucky ? smile.gif
*
I have attempted to give different scenarios in this thread and how to handle a transaction, but if those buggers wants to be spoon fed and avoid just one person, instead of learning how to do up a transaction properly, then I supposed that person should be stuffed. I always believe in never to give a man a fish but to teach him how to fish. Cheers!
Dern
post Mar 13 2011, 02:42 PM

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QUOTE(michaellee @ Mar 13 2011, 09:52 AM)
I have attempted to give different scenarios in this thread and how to handle a transaction, but if those buggers wants to be spoon fed and avoid just one person, instead of learning how to do up a transaction properly, then I supposed that person should be stuffed. I always believe in never to give a man a fish but to teach him how to fish. Cheers!
*
who are you referring to for the word "buggers" ? rolleyes.gif

i hope you dont assume that everyone likes to be spoon fed, your assumption should be yours only...not others.

This post has been edited by Dern: Mar 13 2011, 02:43 PM
michaellee
post Mar 14 2011, 03:18 AM

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QUOTE(Dern @ Mar 13 2011, 02:42 PM)
who are you referring to for the word "buggers" ?  rolleyes.gif

i hope you dont assume that everyone likes to be spoon fed, your assumption should be yours only...not others.
*
When I used the word bugger it was referring to those who wants to be spoon fed. Rather than being wary about a single person, one should equip themselves with all the correct info in conducting a proper option to purchase/sell, SPA and facilities.
cyril85
post Mar 14 2011, 02:38 PM

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want to ask, i planning to buy apartment directly from the owner.
and i ask her whether is it non bumi lot, she say she dunno as her S&P doesn't stated anything. are she lying?
how i going to know whether the unit is bumi or non bumi by asking her to show me any document?
michaellee
post Mar 14 2011, 02:44 PM

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QUOTE(cyril85 @ Mar 14 2011, 02:38 PM)
want to ask, i planning to buy apartment directly from the owner.
and i ask her whether is it non bumi lot, she say she dunno as her S&P doesn't stated anything. are she lying?
how i going to know whether the unit is bumi or non bumi by asking her to show me any document?
*
Take a look at the strata title. It should state the status. But since she is the owner and she is not bumi, then it is irrelevant if the lot is bumi. If a lot is bumi lot and after being granted the permission to sell it to a non-bumi, then the property will be "international" lot. You are free to sell to whoever. But if a bumi buyer comes along and buy the unit, then it becomes a bumi lot again.
cyril85
post Mar 14 2011, 02:57 PM

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sorry i am new and this going my first buying. what is strata title?
and it will stated clearly non bumi or bumi?

actually the owner is bumi, that's what i afraid of.
but for bumi lot, they cant sell to me also right? so actually no risk?

michaellee
post Mar 14 2011, 03:13 PM

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QUOTE(cyril85 @ Mar 14 2011, 02:57 PM)
sorry i am new and this going my first buying. what is strata title?
and it will stated clearly non bumi or bumi?

actually the owner is bumi, that's what i afraid of.
but for bumi lot, they cant sell to me also right? so actually no risk?
*
Strata title is actually the title deed for apartments. As you are sharing the land the apartments are built on, that's why they issue a strata title rather than a Grant (Geran). I have not purchase any bumi apartments before, so the short answer is I don't know. But for landed properties, it will be clearly chopped with a sign saying "LOT BUMIPUTERA".

Actually there are ways of transferring bumi lots but it is messy and may give you a few heart attacks. Being new to this, my best advise would be to ask you to steer clear of these type of assets. The risks are low if you have been doing it. Just remember Bumi lot needs MB consent.
cyril85
post Mar 14 2011, 03:38 PM

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what is mean is actually i have no risk on bumi lot right?
as stated bumi lot only for bumi.
in that case, even the unit lot in bumi, actually i cannot buy it.
so that mean i wont loss my money also right?

or any chances she will con my money?
TSdingdong985
post Mar 14 2011, 03:43 PM

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ur money will stuck thr if they ask u to proceed with the transfer....where it may take 3 months, 6 motnhs, 1 year or mroe (according to some of my frens) and no guarantee success
in between that period, u r still not the owner of the unit, so u cant move in n etc
ur 10% and legal fee all is stuck there...

cyril85
post Mar 14 2011, 04:17 PM

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if i non bumi, how they going to proceed the transfer? -.-"
before the S&P sign, the lawyer wont tell us it is bumi or non bumi?
btw, if she is the owner, she wont beneficial from it also rite? as bank transaction wont go tru.
so it is low chance of owner trying to cheat me right?


Cloudbuster
post Mar 14 2011, 04:25 PM

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[quote=dingdong985,Mar 5 2011, 11:55 PM]
Sorry... not convenient to mention it...scare they will sue me
but i can tell the unit is at vista komanwel



Come on! That should be on the contrary. The property agency should be afraid that you would sue them instead!
ebackbone
post Mar 14 2011, 04:32 PM

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QUOTE(cyril85 @ Mar 14 2011, 04:17 PM)
if i non bumi, how they going to proceed the transfer? -.-"
before the S&P sign, the lawyer wont tell us it is bumi or non bumi?
btw, if she is the owner, she wont beneficial from it also rite? as bank transaction wont go tru.
so it is low chance of owner trying to cheat me right?
*
they will try apply for transfer from bumi to non-bumi. keyword here is try, meaning no guarantees of success. in event of non-success, you lose time, money depreciation, lots of energy, etc. etc.

don't just deal with that one lawyer to tell you whether title is bumi or not bumi. you can get other lawyers to help you or go get a title search on the unit yourself or contract others for help.

if she is owner, she doesn't stand to lose much compared to the buyer in event transaction fails. unless she is hurrying for money.

even if low chance, would you prefer to risk it anyways or make sure yourself everything is checked so that things will be smooth? if you really don't mind gambling with the possibility of such a lost, then go ahead notworthy.gif
TSdingdong985
post Mar 14 2011, 05:00 PM

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QUOTE(cyril85 @ Mar 14 2011, 04:17 PM)
if i non bumi, how they going to proceed the transfer? -.-"
before the S&P sign, the lawyer wont tell us it is bumi or non bumi?
btw, if she is the owner, she wont beneficial from it also rite? as bank transaction wont go tru.
so it is low chance of owner trying to cheat me right?
*
this is what happening on me....
so they will ask u to try...
there is success cases, but vy low probability..
so if u wan take the risk u can go ahead. smile.gif
JockMatGuy
post Mar 14 2011, 05:12 PM

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QUOTE(dingdong985 @ Mar 14 2011, 05:00 PM)
this is what happening on me....
so they will ask u to try...
there is success cases, but vy low probability..
so if u wan take the risk u can go ahead. smile.gif
*
These agents are really irresposible and unpofessional.
Try? try what ?
try a pants or t-shirt in fitting room huh?
TSdingdong985
post Mar 14 2011, 05:15 PM

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hm...but cant denied there is success cases...just see if u wan to take the risk or not...
at the end still depend on u...but they will try all their ways to persuade u to go ahead...
but they shud state at early stage instead after pay deposit and etc....
wasting each other time only
mcong
post Mar 15 2011, 09:36 PM

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Hi dingdong985, one of my fren also bought a bumi lot last year. He bought it via bank lelong (auction) actually. Also to found out that it was a bumi lot after winning the bid. No hope to get back his deposit $ anymore. But he went to the state man and got his house title to be changed to non-bumi lot finally. Of coz, that was during election period brows.gif and also went though some 'special' process in order to get the title change done. icon_rolleyes.gif
zie86
post Mar 16 2011, 12:00 AM

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QUOTE(mcong @ Mar 15 2011, 09:36 PM)
Hi dingdong985, one of my fren also bought a bumi lot last year. He bought it via bank lelong (auction) actually. Also to found out that it was a bumi lot after winning the bid. No hope to get back his deposit $ anymore. But he went to the state man and got his house title to be changed to non-bumi lot finally. Of coz, that was during election period  brows.gif and also went though some 'special' process in order to get the title change done. icon_rolleyes.gif
*
guys,

For bumi unit, if freehold that still under Master title it can still be done. But, it takes longer time as the house owner need to convince Land Office or Developer (since Master title still under developer) to allow the transfer.

For my case, we managed to get the transfer but with some hassle in the beginning. In the end, still managed to get it! Getting key next week...
bbyoke
post Jun 1 2011, 10:04 AM

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I rented a house which is through a property agent (Ms Choo). This agent is from Yuyi Properties.

When I rented this house, the house is totally broken as most of the wood already eaten by the termites. then I requested to do a small renovation to the house. Initially the agent refuse as she claimed was too expensive and she wanted to increase my rental if they renovate for me. I was wondering this house is belong to them, even not me to request other people will request so! At last i told her if wan increase the rental i dont wan to rent or just remain. At last the landlord only agreed to renovate for me.

Thus, the agent get the low quality contractors to do for me, a small renovation took one month to complete and yet they did in simply way.

When it was completed, i realised two of my extension wayar were missing. I asked the contractor but they say not sure and will get back to me but i didnt get their call afetr that.
Until I really need to use the cable, i called to the agent told her this case. She said can claim from her then only I went to buy 2 extension wayar. Frankly speaking, the 2 missing are costly than the 2 that I bought. I know this agent is very stingy so I purposely choose the cheapest one.
The worst thing happened after that, I told her how much total i bought and scan my receipt to her.
She sms me saying she gonna pay for one only then immediately she off her hp.

I was very angry with her as she broke her promise and provide me such service.

I hope everyone must aware of such agent who is so much unreliable
stevenX
post Jun 1 2011, 11:22 AM

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u should stat the agent name out pls .

and i tho if the you havent buy the house u want, you shouldnt pay the agent any fees ? or shouldnt pay in advance ..
Dannyl
post Jun 1 2011, 04:32 PM

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QUOTE(1ullaby @ Mar 6 2011, 01:12 PM)
Another fav tactic of theirs are to advertise lower price in iProperty or any other place, and once we made a call, the unit is usu sold, even when you are making the call on the very same day the advert is posted,
and they'll proceed to push a similar unit with a price tag far higher than posted. Very very frustrating to deal with people like that....
*
iProperty has lots of those 'fake' listings. It makes iPropery has more listings than it actually does. Call the agents up, they say, "oh that one sold already, but we have others at rmxxx (20% more)". If sold, take down the listing la.
noswear
post Jun 1 2011, 04:37 PM

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QUOTE(Dannyl @ Jun 1 2011, 04:32 PM)
iProperty has lots of those 'fake' listings.  It makes iPropery has more listings than it actually does.  Call the agents up, they say, "oh that one sold already, but we have others at rmxxx (20% more)".  If sold, take down the listing la.
*
hahaha agreed....

either they say forgot change price la....

and some of the listing...is very obvious that the photo is copy and paste.......and some is not even the location of house tat is being listed...


Wengsoo
post Jun 1 2011, 10:53 PM

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agents can cheat money out of ur pockets, if u're desperate

This post has been edited by Wengsoo: Jun 2 2011, 12:05 AM
abgkik
post Jun 1 2011, 11:06 PM

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QUOTE(Dannyl @ Jun 1 2011, 04:32 PM)
iProperty has lots of those 'fake' listings.  It makes iPropery has more listings than it actually does.  Call the agents up, they say, "oh that one sold already, but we have others at rmxxx (20% more)".  If sold, take down the listing la.
*
ho ho ho.. vmad.gif this happen to me so many times... very fakeeee... iproperty should put feedback/comment column below the listing so we can highlight 'what really happen between the agent and us'
Jenn77
post Jun 2 2011, 09:07 AM

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QUOTE(Dannyl @ Jun 1 2011, 04:32 PM)
iProperty has lots of those 'fake' listings.  It makes iPropery has more listings than it actually does.  Call the agents up, they say, "oh that one sold already, but we have others at rmxxx (20% more)".  If sold, take down the listing la.
*
Very much agree.. some of them list the price 700k, when u call them up they will agree to meet up and view the house. Once you mention the price after viewing the house, straight away they jack up another 20-30% more. They always say the owner demand increase.. boring.
michaellee
post Jun 2 2011, 03:52 PM

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QUOTE(mcong @ Mar 15 2011, 09:36 PM)
Hi dingdong985, one of my fren also bought a bumi lot last year. He bought it via bank lelong (auction) actually. Also to found out that it was a bumi lot after winning the bid. No hope to get back his deposit $ anymore. But he went to the state man and got his house title to be changed to non-bumi lot finally. Of coz, that was during election period  brows.gif and also went though some 'special' process in order to get the title change done. icon_rolleyes.gif
*
I need to do some assumptions. First assumption, you have a very silly friend bordering on *&@#$. On every POS, it will mention if it is BUMI lot or not. Second, I believe it is NOT a high court auction, as for high court auction, even bumi lots can be sold to non-bumis. It is under the National Land Code. Third, if it is a bumi lot in LACA, then the fact your friend did not realise the borrower was a Malay (by nature of his name), then who can he blame? He should have asked or as per the POS, to do a search on the property. If your friend case is a true case, then it would be the first case that I have ever heard in my ENTIRE life. I have yet to see another or hear another person making the same stupid mistake.


Added on June 2, 2011, 3:54 pm
QUOTE(bbyoke @ Jun 1 2011, 10:04 AM)
I rented a house which is through a property agent (Ms Choo). This agent is from Yuyi Properties.

When I rented this house, the house is totally broken as most of the wood already eaten by the termites. then I requested to do a small renovation to the house. Initially the agent refuse as she claimed was too expensive and she wanted to increase my rental if they renovate for me. I was wondering this house is belong to them, even not me to request other people will request so! At last i told her if wan increase the rental i dont wan to rent or just remain. At last the landlord only agreed to renovate for me.

Thus, the agent get the low quality contractors to do for me, a small renovation took one month to complete and yet they did in simply way.

When it was completed, i realised two of my extension wayar were missing. I asked the contractor but they say not sure and will get back to me but i didnt get their call afetr that.
Until I really need to use the cable, i called to the agent told her this case. She said can claim from her then only I went to buy 2 extension wayar. Frankly speaking, the 2 missing are costly than the 2 that I bought. I know this agent is very stingy so I purposely choose the cheapest one.
The worst thing happened after that, I told her how much total i bought and scan my receipt to her.
She sms me saying she gonna pay for one only then immediately she off her hp.

I was very angry with her as she broke her promise and provide me such service.

I hope everyone must aware of such agent who is so much unreliable
*
I honestly think the agent is being reasonable in paying for one. The other one should have been paid by you as you are careless enough to leave your extension lying around for others to take. Sorry that I have been bluntly rude in some of my replies, but I cannot believe how some people can post things about how others cheated them when they did not even look into the mirror themselves to see how much they themselves have faulted.

This post has been edited by michaellee: Jun 2 2011, 03:54 PM
noswear
post Jun 2 2011, 04:12 PM

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QUOTE(abgkik @ Jun 1 2011, 11:06 PM)
ho ho ho..  vmad.gif this happen to me so many times... very fakeeee... iproperty should put feedback/comment column below the listing so we can highlight 'what really happen between the agent and us'
*
eh good idea....

they should do sth like e-bay when a product being listed by the seller....

then the seller will be rated by past buyer from the similar seller......

so the higher the rating..the more trustworthy it is....

at least this can layer out the not so genuine wan.....


poppygarden
post Jun 3 2011, 11:19 PM

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QUOTE(Dannyl @ Jun 1 2011, 04:32 PM)
iProperty has lots of those 'fake' listings.  It makes iPropery has more listings than it actually does.  Call the agents up, they say, "oh that one sold already, but we have others at rmxxx (20% more)".  If sold, take down the listing la.
*
I guess this is the way to get more calls from buyers?? I encountered this so many times until I'm not even sure whether the unit has truly been sold or they don't really have the unit in the first place... BTW met an extremely rude agent lately and has lodged complaint, not sure if effective or not...
chong_lc
post Jun 4 2011, 11:04 AM

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QUOTE(jalsrix @ Mar 6 2011, 12:16 AM)
once you sign S&P, you'll lose the lawyer fees even if the transfer is not successful bcos lawyer already done the work. Lawyer fees can come up to rm 5K.

Don't SIGN S&P !

Follow the three steps I posted just now.
*
buyer actually can sign the SPA, if can't get approval, lawyer normal refund 50% of the legal fee (excluding the disbursement)

however, remind your lawyer not to disburse the 7% until getting consent. nod.gif


complaint to MIEA also pointless...... go to http://www.lppeh.gov.my/ whistling.gif


Added on June 4, 2011, 11:19 am
QUOTE(jalsrix @ Mar 6 2011, 05:28 PM)
Partly true.

The other reason is that the govt don't want the non-bumi to own all the land in the country.

That's why bumi houses cannot be sold to non-bumi except for special cases eg. developer cannot sell the house after xxx years, then only can sell to non-bumi.  doh.gif
*
there are cases that developer sold bumi lot to non-bumi. buyer can't not get individual title as the issue is not resolved because developer didn't get consent from the government prior to selling.... buyer only choice, to sue developer....... nod.gif

This post has been edited by chong_lc: Jun 4 2011, 11:19 AM
redwhite.black
post Jun 14 2011, 06:02 PM

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If anyone want buy a house, remember if there's a field nearby... although the agent say its jogging area... please get the house/area plan to ensure it's not propose mosque/ surau before place a deposit..

When ask agent to show the house plan, the agent keep on giving excuse 'besok n lusa'...


rainie1284
post Jun 14 2011, 06:09 PM

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humans really can do anything for money.. what a cruel world..
eastern
post Jun 14 2011, 08:38 PM

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No choice... sometimes if we don't have the contacts / networks / channels, we tend to rely only on web based sites eg: iproperty.
And the issue of agents cheating and stuff like will definitely occur.

I,myself do face this as what some of you have faced.
Rude agents, simply talk nonsense... sometimes don't know even what they are selling.

Jeez... and the worse thing is we only express our grievance through this type of forum.

This post has been edited by eastern: Jun 14 2011, 08:39 PM
lucerne
post Jun 15 2011, 11:35 AM

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QUOTE(michaellee @ Mar 7 2011, 12:01 AM)
No one should sign anything or give any money unless you have a copy of the title deed. Make sure it is the right title deed.


how about if the agent show me the SPA that the owner is a non bumi. I wil rather buy from a non bumi to avoid troubles. Since there is many options there. I rather pay slightly higher if it is a chinese or indian owner. (vs Malays owner). i dun want to take risks. Also if u do title search (if Malays), lawyer will charge u too. I feel safer if i buy from a non bumi.


Added on June 15, 2011, 12:15 pm
QUOTE(redwhite.black @ Jun 14 2011, 06:02 PM)
If anyone want buy a house, remember if there's a field nearby... although the agent say its jogging area... please get the house/area plan to ensure it's not propose mosque/ surau before place a deposit..

When ask agent to show the house plan, the agent keep on giving excuse 'besok n lusa'...
*
very true, one of my best fren kena..


Added on June 15, 2011, 12:47 pmi was once persuade by a agent to buy a bumi unit at suria jelatek (junction of jl ampang/jl jelatek). suria jelatek is 70% belong to bumi coz it is a DBKL jv. The agent told me the developer can change the unit to non bumi coz state govt oni want 30% quota, hence the remaining 40% can change to non bumi. (just pay back the 7% bumi discounts). luckily i didnt buy the unit after my lawyer advised me not to buy. lesson learn:
1. dun believe the agent 100%
2. dun lured by the lower bumi price
3. pls consult your lawyer b4 buy a prop

This post has been edited by lucerne: Jun 15 2011, 12:47 PM
roy84
post Jun 15 2011, 03:21 PM

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Hii,
Just want give u some info,
If you want buy a property through agent,
please makesure the title has been transfered to individual title and remaining leasehold not less than 60years.
There is a problem when u want to apply housing loan because of that matters

thank you

master_zool
post Jun 15 2011, 10:30 PM

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i'm alredy found, the name is kesavan from ramdar propeties base office at petaling jaya. The agent selling single storey end lot at klang. After deal i'm agree and wan't to pay to him booking fees around rm4k in cek but he call me to prepare in cash, then pay to him direcly. but i'm not trust him. after i selidik ramdar not wujud...
michaellee
post Jun 16 2011, 10:51 AM

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QUOTE(lucerne @ Jun 15 2011, 11:35 AM)
how about if the agent show me the SPA that the owner is a non bumi. I wil rather buy from a non bumi to avoid troubles. Since there is many options there. I rather pay slightly higher if it is a chinese or indian owner. (vs Malays owner). i dun want to take risks. Also if u do title search (if Malays), lawyer will charge u too. I feel safer if i buy from a non bumi.


Added on June 15, 2011, 12:15 pm

very true, one of my best fren kena..


Added on June 15, 2011, 12:47 pmi was once persuade by a agent to buy a bumi unit at suria jelatek (junction of jl ampang/jl jelatek). suria jelatek is 70% belong to bumi coz it is a DBKL jv.  The agent told me the developer can change the unit to non bumi coz state govt oni want 30% quota, hence the remaining 40% can change to non bumi. (just pay back the 7% bumi discounts). luckily i didnt buy the unit after my lawyer advised me not to buy. lesson learn:
1. dun believe the agent 100%
2. dun lured by the lower bumi price
3. pls consult your lawyer b4 buy a prop
*
The difference between bumi and non-bumi price can be quite big hence the reason why it is much more attractive to buy bumi lots. There would be hassle but if you have the right legal team, it is very easy to transfer bumi lots to non-bumis. you can always do the title search yourself in PTG.


Added on June 16, 2011, 10:57 am
QUOTE(poppygarden @ Jun 3 2011, 11:19 PM)
I guess this is the way to get more calls from buyers?? I encountered this so many times until I'm not even sure whether the unit has truly been sold or they don't really have the unit in the first place... BTW met an extremely rude agent lately and has lodged complaint, not sure if effective or not...
*
It is a free market. Residential properties are still okay. If you ever venture into land banking or plantation, out of the 1,000 phone calls you made, only 1 is genuine. Yes, all of them are fake. But would you want to give up or keep on searching for that elusive one? Land banking and plantation sadly still relies heavily on contacts and networking especially with bankers and valuers. They would know who is facing difficulties and want to let go their land.

One has to be patient to search for good properties. If lazy or want to complain about "unethical" agents, just pay the market price and surely there would be hundreds of genuine ones to choose from.

This post has been edited by michaellee: Jun 16 2011, 10:57 AM
Dannyl
post Jun 16 2011, 11:28 AM

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QUOTE(michaellee @ Jun 16 2011, 10:51 AM)
One has to be patient to search for good properties. If lazy or want to complain about "unethical" agents, just pay the market price and surely there would be hundreds of genuine ones to choose from.
*
But the 'market price' posted in iProperty is not the real market price. Posted is RM500k, after viewing is RM550k.
michaellee
post Jun 16 2011, 01:38 PM

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QUOTE(Dannyl @ Jun 16 2011, 11:28 AM)
But the 'market price' posted in iProperty is not the real market price.  Posted is RM500k, after viewing is RM550k.
*
All you could do is to blacklist the agent yourself. A good agent will always want to provide the best services so that they could repeat the business or you would recommend him/her to others.
spikyz
post Jun 16 2011, 01:57 PM

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QUOTE(master_zool @ Jun 15 2011, 10:30 PM)
i'm alredy found, the name is kesavan from ramdar propeties base office at petaling jaya. The agent selling single storey end lot at klang. After deal i'm agree and wan't to pay to him booking fees around rm4k in cek but he call me to prepare in cash, then pay to him direcly. but i'm not trust him. after i selidik ramdar not wujud...
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so did u pay or not?
xdevilxangel
post Mar 13 2013, 10:57 PM

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yes, some agent very bad, specially this one.

This post has been edited by xdevilxangel: Mar 13 2013, 11:00 PM
macho dog
post Mar 14 2013, 01:21 AM

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u tell the principal if u dun getnrefund by certain date u will complain at every possible avenue lowyat, mre, wtf, rehda, cap, etc, etc.

u can threaten to reveal this case to public too provided u dun say it is cheating case but negligence which can be substantiated by supported facts and docs.

any businessman with a sound mind wud not want this kind of publicity esp in real estate bussiness. can gulung tikar one.

after all it,s their mistake and refunding to u is a must and not negotiable.




pekoejazzy
post Mar 14 2013, 07:48 AM

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If the owner is bumi, does it automatically make it a bumi lot? I've read through the scenario in this thread that the buyer is facing and no where it is mention that inside the land title it clearly stated that is "bumi lot", except its in Bukit Jalil (freehold with consent) and previous owner is bumi.


I have a concern here, nearing to Snp signing for a landed property:

1. Title is freehold with consent
2. Owner is bumi owner
3. Checked the title and is non-bumi lot
4. Landed property (not strata title)

Is this a high risk to proceed on?
peri peri
post Mar 14 2013, 09:09 AM

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^ The guy above me, ^

Freehold with consent for bumi owner doesn't means is bumi lot

Its just because the land title matter which the bumi owner for the said lot having a restriction from land office in term of disburse. Some sort like lock in to prevent them from goreng goreng pisang. Standard guidelines for disburse is 5 years. After 5 years, either the owner itself appeal to waive or the next owner go and appeal.





triny
post Mar 14 2013, 10:05 AM

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QUOTE(dingdong985 @ Mar 5 2011, 11:55 PM)
Sorry... not convenient to mention it...scare they will sue me
but i can tell the unit is at vista komanwel
for those who like to purchase a unit there, be careful, as there are a lot bumi lot there.
The other agents which i tried to seek help from, directly asked me to check it is a bumi lot or not when she heard it is vista komanwel
I was so silly and end up at at condition where my RM8400 is stuck inside now and pending for refund.
haih
Give money buy headache!!!!!!  rclxub.gif


Added on March 5, 2011, 11:55 pmmore than 10...since 1998... strata title out already


Added on March 5, 2011, 11:57 pm
Sorry....cant share...but i think when u go view house better is
1) know whether owner is malay or not
2) when u sign confirmation letter, make sure the owner sign already, else u no need to give the deposit to the agent 1st ( advice from other agent )
3) if it is a malay owner and he claim it is not a bumi lot, try to check with known lawyer or called up the developer to find out it yourself.

1 lesson 3k, total 9k sad.gif
*
Hi, glad that you shared your experience to people so we can all be alert. Instead of worried to be sued by the real estate agent, I guess they should be more worried with you because after listening to what you said, you have a valid cause of action against them for misrepresentation (fraudulently or not).

I came across to this kind of problem before. Feel free to pm me if you want to discuss further.

This post has been edited by triny: Mar 14 2013, 10:06 AM
pekoejazzy
post Mar 14 2013, 01:42 PM

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QUOTE(peri peri @ Mar 14 2013, 09:09 AM)
^ The guy above me, ^

Freehold with consent for bumi owner doesn't means is bumi lot

Its just because the land title matter which the bumi owner for the said lot having a restriction from land office in term of disburse. Some sort like lock in to prevent them from goreng goreng pisang. Standard guidelines for disburse is 5 years. After 5 years, either the owner itself appeal to waive or the next owner go and appeal.
*
Hi Peri,

That's great that you share this point with me. The owner is the first owner of the house and they bought the house (directly from developer) since 1986. So I guess the 5 year thing does not apply. Now is the long (hopefully not too long!) waiting period smile.gif
tsi_sam888
post Mar 16 2013, 09:13 PM

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give us his details... sama boycott lol
ryokouse
post Mar 16 2013, 09:48 PM

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I am sorry for what you are facing especially on your very first house.
this people are making the property market a mess, making people who work hard in property market having a diffucult life. however, if you do not disclose who this person come from, someone out there will get cheated again. will you please pm to all of us who want to know this person personally so we can be aware of this person next time when dealing with agents? thanks
pekoejazzy
post Mar 18 2013, 05:42 PM

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QUOTE(peri peri @ Mar 14 2013, 09:09 AM)
^ The guy above me, ^

Freehold with consent for bumi owner doesn't means is bumi lot

Its just because the land title matter which the bumi owner for the said lot having a restriction from land office in term of disburse. Some sort like lock in to prevent them from goreng goreng pisang. Standard guidelines for disburse is 5 years. After 5 years, either the owner itself appeal to waive or the next owner go and appeal.
*
Hi Peri,

Since the 5 year period is over, what are the chances of getting an approved consent from S'gor gov? What is this waive about? is this to waive the restriction away so that the restriction will not appear in the land title or the restriction is still here to stay even after consent is given?

There are 2 options now:

1. appeal to waive (remove the restriction)
2. apply for consent (the restriction stays)

Is this understanding correct?
Firsttimebuyer
post Dec 26 2013, 12:53 AM

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Need urgent advice from all sifus. I am a first time buyer and got cheated by the agent as well. Now risking my earnest deposit because the agent kept telling me that it's not refundable. Based on the below points, can you advise if I have a chance?

1. Agent said can get 90% despite the fact that the property is under commercial title. I checked with most banks and the reply is 80-85%. My loan approved for 85%.
2. Valuation, again he promised sky and moon and the highest valuation is only 90% of the purchase price.
3. 50% Stamp duty waiver does not apply to commercial title while he said can. After checking with the lawyer, the answer is no.
4. Assessment tax and quit rent, he told me assessment tax is RM400 per year. Based on the assumption of RM1200 rental per month x 12 months x 12%, it is much more than RM400.
5. I had wanted to insert the clause that the deposit is refundable if loan is rejected but he insisted that I can't put it down as it is not a standard clause. Being an inexperienced first time buyer, I let it go.

I have already written to the agency but have not received any reply and plan to take the matter up to Consumer Tribunal.

What do you guys think? This is a clear case of misrepresentation by the agent right? My challenge is that most of the conversation are verbal, how do I prove my case?
Firsttimebuyer
post Dec 26 2013, 01:00 AM

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QUOTE(bearbearhong @ Mar 11 2011, 05:36 PM)
reapfields is quite well known, there are few others...
*
I got cheated by Reapfield agent so can't agree with you. The bugger just wanted to make a quick buck and ruined the company's reputation. I believe Reapfield is still a good real estate company but can't say the same about their agents.
Firsttimebuyer
post Dec 26 2013, 01:25 AM

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QUOTE(henryhing @ Mar 7 2011, 08:53 AM)
I dislike young agents especially if the agent is a guy..Smooth criminal.
I love old aunty agents which are not aggresive. They seem more genuine and not in rush to push u to buy a prop. They tend to be more patient..Its just based on my personal experience...
*
Again I disagreed due to my recent experience. My agent is the aunty agent and the seller's agent is a young chap who bulls his way around (too late for me to realize thanks to my inexperience) and both are from the same agency. The aunty agent is very pushy and kept telling me that it's a good buy and I need to close the deal before end of this year otherwise all prices will go up next year. Even mentioned GST as one of the factors until my friend asked her why as GST will only be implemented in April 2015.
R o Y
post Dec 26 2013, 02:06 AM

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QUOTE(Firsttimebuyer @ Dec 26 2013, 12:53 AM)
Need urgent advice from all sifus. I am a first time buyer and got cheated by the agent as well. Now risking my earnest deposit because the agent kept telling me that it's not refundable. Based on the below points, can you advise if I have a chance?

1. Agent said can get 90% despite the fact that the property is under commercial title. I checked with most banks and the reply is 80-85%. My loan approved for 85%.
2. Valuation, again he promised sky and moon and the highest valuation is only 90% of the purchase price.
3. 50% Stamp duty waiver does not apply to commercial title while he said can. After checking with the lawyer, the answer is no.
4. Assessment tax and quit rent, he told me assessment tax is RM400 per year. Based on the assumption of RM1200 rental per month x 12 months x 12%, it is much more than RM400.
5. I had wanted to insert the clause that the deposit is refundable if loan is rejected but he insisted that I can't put it down as it is not a standard clause. Being an inexperienced first time buyer, I let it go.

I have already written to the agency but have not received any reply and plan to take the matter up to Consumer Tribunal.

What do you guys think? This is a clear case of misrepresentation by the agent right? My challenge is that most of the conversation are verbal, how do I prove my case?
*
Did you buy a Serviced Apartment or another type of commercial property?

Serviced Apartment which is now under HDA is recognized as a residential property by banks and government even though its built on commercial land.

With regards to valuation, did you apply through the bankers recommended by your Agent? He may have pre-agreed valuers ready to match the selling price.

Regarding Assessment Fees, so actually what is the actual assessment fees for the property?



Firsttimebuyer
post Dec 26 2013, 11:10 PM

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Hi Roy, no it's not a Serviced Apartment and also not under HDA. Property I booked is Empire Studio, considered Office Suite as stated in the bank offer letter. One of the banks managed to get the exact same valuation verbally but letter of offer still depends on the actual valuation which worries me a lot as the offer will depend on valuation (85% of valuation instead of purchase price). If the formulae I have derived is correct then it's around RM2K based on monthly rental of RM1,200 and 12%. Residential property is 6%.

I see that you're a Real Estate agent and do you mind to share if I will be successful at getting back my earnest deposit based on the arguments above?
wanted111who
post Dec 27 2013, 11:13 PM

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i wonder why so manyhere hate bumi lot , i personally like bumi lot provided the consent is given by state authorities with or without the 7% waiver
forever1979
post Dec 28 2013, 07:29 AM

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QUOTE(wanted111who @ Dec 27 2013, 11:13 PM)
i wonder why so manyhere hate bumi lot , i personally like bumi lot provided the consent is given by state authorities with or without the 7% waiver
*
You are so different.
Even bumi owner will complain the bumi quota that make the house so difficult to sell.
U just check on Mudah.com.my that many owners advertised themselves and after XX months, house still cannot br sold. Even (next) bumi purchaser will try to vaoid buy the unit.
wanted111who
post Dec 28 2013, 09:25 AM

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QUOTE(forever1979 @ Dec 28 2013, 07:29 AM)
You are so different.
Even bumi owner will complain the bumi quota that make the house so difficult to sell.
U just check on Mudah.com.my that many owners advertised themselves and after XX months, house still cannot br sold. Even (next) bumi purchaser will try to vaoid buy the unit.
*
For Bumi , of course it is unwise to buy bumi unit , but for non bumi it is good - provided you have cash and time to wait for state consent . All i can say is these , there is a guarantee return of at least 10% after the consent is given (normally within 1 year)

I do agree it is hard to offload a bumi unit , but it is easy to offload a non bumi unit , agree? Let just say there is loophole within the property cycle

This post has been edited by wanted111who: Dec 28 2013, 09:28 AM
Siao_Lang
post Dec 28 2013, 10:59 AM

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QUOTE(wanted111who @ Dec 28 2013, 09:25 AM)
For Bumi , of course it is unwise to buy bumi unit , but for non bumi it is good - provided you have cash and time to wait for state consent . All i can say is these , there is a guarantee return of at least 10% after the consent is given (normally within 1 year)

I do agree it is hard to offload a bumi unit , but it is easy to offload a non bumi unit , agree? Let just say there is loophole within the property cycle
*
First of all. Nowadays more and more bumis are buying non-bumis unit.. Cause hard to dispose the bumi lot..

Don't understand the logic behind what the G is doing by imposing bu lot on a property. Bumi quota, yes.. But what if they cant dispose off the property?

And now it turns to become 'Disposal Quote' shocking.gif
SUSjolokia
post Dec 28 2013, 11:33 AM

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QUOTE(Siao_Lang @ Dec 28 2013, 10:59 AM)
First of all. Nowadays more and more bumis are buying non-bumis unit.. Cause hard to dispose the bumi lot..

Don't understand the logic behind what the G is doing by imposing bu lot on a property. Bumi quota, yes.. But what if they cant dispose off the property?

And now it turns to become 'Disposal Quote'  shocking.gif
*
Bumi buy for own stay buying bumi lot, those buy for flipping would buy non bumi lot for higher returns.

Nothing wrong with imposing Bumi lot, govt implement it to help out Bumi to own property with slight discount for them have place to stay as generally Bumi income r slightly lower compare to non bumi.


forever1979
post Dec 28 2013, 12:03 PM

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QUOTE(wanted111who @ Dec 28 2013, 09:25 AM)
For Bumi , of course it is unwise to buy bumi unit , but for non bumi it is good - provided you have cash and time to wait for state consent . All i can say is these , there is a guarantee return of at least 10% after the consent is given (normally within 1 year)

I do agree it is hard to offload a bumi unit , but it is easy to offload a non bumi unit , agree? Let just say there is loophole within the property cycle
*
But do the owner wanted to wait for 1 year for the buyer to obtain consent, or the cash buyer just fully paid 1st and in the event the consent cannot be obtained, it is his problem.
Please enlighten me what is the normal process.

I do know there is some lubang can settle the land office (yet depends on which land office) but it come with cost and if the seller know buyer can obtain the consent, he won't not sell so cheap.

So end of the day, i think after minus the hidden cost and time, saving maybe 5% only.
wanted111who
post Dec 28 2013, 10:46 PM

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QUOTE(forever1979 @ Dec 28 2013, 12:03 PM)
But do the owner wanted to wait for 1 year for the buyer to obtain consent, or the cash buyer just fully paid 1st and in the event the consent cannot be obtained, it is his problem.
Please enlighten me what is the normal process.

I do know there is some lubang can settle the land office (yet depends on which land office) but it come with cost and if the seller know buyer can obtain the consent, he won't not sell so cheap.

So end of the day, i think after minus the hidden cost and time, saving maybe 5% only.
*
from my own experience , and just for the note , i'm not encouraging people to do these and am just sharing the info i know . finally bare the risk on your own if you decided to follow my adv , of course if you gain it is all yours.

by gaining 10% i really meant a clean cut gain after deducting all the expenses, but there are some catch. instead of 10% or 20% cash money down payment you will definitely need 30% to 40% cash money for bumi lot and prepare to let these money sitting dead for a year. Why? bank will not so easily approve the loan , even if you qualify for a higher mortgage margin under normal circumstances (buying non bumi lot) , bank will not finance for the valuer fees, legal ,etc. you need to fork up ur own money for legal between bank and yourself including the valuer fees appointed by the bank for the bank.

for the consent, must do own research. try ask local council if there is any history of successful conversion before these or can check with the developer. a 'good' Law firm also help .

and the property must be a '' freehold '' not leasehold . try check if it's under strata or still under master title ,if under master must get developer consent 1st .

and i only wait 6 month for the consent , or less than that (forgot edi). and need to fork up another 7% of the property value (cash). , then get the consent. after i calculated all the cost against the prop value after conversion laugh.gif icon_rolleyes.gif thumbup.gif rclxms.gif . well I think i will keep it to myself. but with these info ,i think it is enough to help you get started.


suzannetan
post Mar 15 2014, 01:40 AM

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Unfortunately sad to see that there's many irresponsible agents out there these days, too many cheating cases and all they want is just money. I've also encountered issues for my 1st house purchase due to agents as well.

From then onwards I don't really trust agents anymore. Besides that, do not ever use lawyers introduced by agents or bankers for S&P, you need a professional, efficient and reliable one to get the job done in time. Who updates you time to time, and one who will chase you to submit documents and not just sit on them.

My current lawyer follows up really closely for the deal and we get updates frequently and all the letters are being cc to us. He also tried to assists us in many ways preparing all the documents at one go so that we can sign all together not having to take too many leaves to go down to KL to settle the stuffs. Considered lucky as well that the firm is large enough to be on the panel of most of the bank therefore my loan is being done at the same lawyer firm which save much time.


SUSjalsrix
post Mar 15 2014, 10:34 AM

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QUOTE(rambo8 @ Mar 13 2014, 03:27 AM)
plse announce the agent and law firm name here as this will help keep others from falling into the deep hole
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please announce the agent so that we won't be cheated.
MingTian
post May 8 2014, 07:18 PM

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It's sad that my own experience with majority of Malaysia prop agents have been bad. I almost always give them the benefits of the doubt but kena conned or taken as fool too many times. I dont want to over-generalize and one gun kill all. But below were my true experiences

1- I have used the services of this lady mall expert agent (J) quite a few times, trusting her opinion and paying all commissions on time. But guess what she did - she sold me units that are smaller than actual and/or not in good location as she solemnly claimed (I was naive and trusted her when I was overseas while she kept saying it is a great deal that cannot wait). Paying huge premiums Vs other units and all that. After all the problems, her phone went cold for months. She just ditched me in a mess as I later found out unit frontage was a big problem. Now, before readers said in their "hearts" - serve u right for not doing due d, which I humbly accept, my aim is just to highlight this bad encounter, not whine. Who would have thought an agent that I have given numerous businesses would do this to one of her best clients?

2-The second incident/s was over a property sale where the agent (Y, male) swear by his heart that a deal is on - hence, asking for all kinds of discounts , documents, meetings etc. After making me promise "dont play play" and he is a seasoned agent la and guaranteeing a chq is coming, one excuse follows another. Buyer is overseas la, in meeting la, playing golf la, etc.

3-My 3rd bad experience was over an appointment. This lady agent called me up in morning and said a client needed to see a property urgently. I told her before 1 day advance appt. She begged and kept saying this client very keen. So I cancelled other appts and drove to the site in heavy rain. Otw, I called her 3-4 times to confirm as venue is far away from me and in case her client cancelled. To my surprise, she nvr picked up. I sms and whatsapp her yet no reply. This was over 30min and I am still driving. Given that, I don't want to doubt her so I went all the way. After waiting for like 40mins, she finally replied, "Sorry, client cancel." Wtf!!! Why cant u pick up or reply much earlier. I was doing u a favor by rushing to the venue yet u do this!!!

Now, many agents will turn back and claims because owners and vendors are not sincere. My questions are then - don't u already filter and separate the real and fake parties? If one party is showing all the sincerity while the other side fxxking around, how is this good for the industry? Where is the basic professionalism?

Everyone wants to make some money. Lots of gray areas we can swim in. Sadly, taking people as "carrots" is never gonna be sustainable.
popice2u
post May 8 2014, 10:45 PM

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QUOTE(Jenn77 @ Jun 2 2011, 09:07 AM)
Very much agree.. some of them list the price 700k, when u call them up they will agree to meet up and view the house. Once you mention the price after viewing the house, straight away they jack up another 20-30% more. They always say the owner demand increase.. boring.
*
same here. went to view a house recently and agreed to buy at rm550k, next day agent say owner want to sell at rm580k


AgentVIDIC
post May 9 2014, 12:32 AM

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QUOTE(kennixong @ Mar 12 2014, 04:24 PM)
I fully agree with this, never trust your agent. I myself have encounter irresponsible property agents. my process of buying became a real nightmare.because of the commission given by law firm, the agent introduced to a bad law firm. the engagement took more than 5 months to complete. 1st payment to payoff to the seller's bank loan is released. the law firm takes their own sweet time to prepare the documents. resulting me every month pay interest to my bank and wait to take vacant possession of the property. my agent somemore helping the law firm to give excuses one after another. terrible. I ban the agent name from my lift from that day onwards. anyone want to know the agent and the law firm name? beware, stay away
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bro, PM pls... agent and law firm name
Ero-Sennin
post May 9 2014, 08:51 AM

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There always will be 2 type of agents out there.

1) Who earn honest living. Give suggestion to purchaser, identify pro and cons. Have their own supportive long term investors.

2) Who never tells you honestly. No long term supportive investors. Hit and run type.
cfa28
post May 9 2014, 12:38 PM

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QUOTE(Ero-Sennin @ May 9 2014, 08:51 AM)
There always will be 2 type of agents out there.

1) Who earn honest living. Give suggestion to purchaser, identify pro and cons. Have their own supportive long term investors.

2) Who never tells you honestly. No long term supportive investors. Hit and run type.
*
Unfortunately, not many Agents falling into first category, mostly want just a fast buck. Can't really blame them, so many Units in the Market, so many buyers and sellers. Failure to close deal means no income and many don't think of long term relationship.

More and more Real Estate Agents becoming like Second Hand Car Salesman.
popice2u
post May 9 2014, 06:11 PM

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there are so many unscrupulous agents in bandar seri coalfields and i think many of them (different company) are 'working' as a team.

there are so many houses with for sale banners but when you approach different agents, they will mention that specific one or 2 units are available.
ethanhan
post Jul 17 2014, 09:18 AM

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QUOTE(kennixong @ Mar 12 2014, 04:24 PM)
I fully agree with this, never trust your agent. I myself have encounter irresponsible property agents. my process of buying became a real nightmare.because of the commission given by law firm, the agent introduced to a bad law firm. the engagement took more than 5 months to complete. 1st payment to payoff to the seller's bank loan is released. the law firm takes their own sweet time to prepare the documents. resulting me every month pay interest to my bank and wait to take vacant possession of the property. my agent somemore helping the law firm to give excuses one after another. terrible. I ban the agent name from my lift from that day onwards. anyone want to know the agent and the law firm name? beware, stay away
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Kindly PM me the details of the Agent and Law Firm? Wish to know who r they
FirstNoob
post Aug 9 2014, 12:18 PM

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Please do not TRUST / BUY / CALL this property agent. Apparently i made an appoinment with this agent to view the unit she posted on Iprop. On the day itself, she does not know the UNIT ITSELF. She does not know how many sq ft is the unit, she increased the selling price to 420k (initially it was 400k) and she IS VERY RUDE TO ME. VERY VERY RUDE. She got angry when i tell her why did she not know how many sq ft is this unit and why did she not tell me the price was 420k instead. AND SHE RUDELY INCREASE HER TONE OF VOICE, SAYING SHE HAS 200 UNIT ON HER HAND, HOW CAN SHE REMEMBER EVERYTHING.

HER NAME IS RUBY, 0129444855. WHOEVER PLAN TO BUY A PROPERTY FROM HER, PLEASE BE ALERT
bluecoat
post Aug 9 2014, 02:35 PM

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Real estate agent may want to protect their own rice bowl , but I saw most of them is not responsible .some more always try to create story. I would like to say we are buying property which is affect in whole life and not cheap. Please be more honest and responsible
nookie188
post Aug 9 2014, 03:56 PM

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QUOTE(rambo8 @ Aug 9 2014, 12:28 PM)
wat agency?
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google boleh dapat..ADLINK
SUSGazprom200
post Aug 9 2014, 06:11 PM

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QUOTE(dingdong985 @ Mar 5 2011, 11:40 PM)
Hi all.

FYI: I was told http://www.miea.com.my/ this can help me. smile.gif Any success case can share with me?

would like to seek help from you guys... sad.gif  icon_question.gif  icon_question.gif
I was lured into a trap by a real estate agency into purchasing a Bumi lot.
The 1st time when I go n view the house, the first thing i asked is whether it is a Bumi lot
the agent confirm me it is not.... sad.gif
And then after all deal, I have paid 3% deposit to him. When I was giving him the cheque, the owner part is not signed yet.
When he give me the confirmation letter after the owner sign I saw he is a malay.

When I feel it is some kind fishy, I asked him again whether it is a Bumi lot, he again vy confirm and sure that it is not.
I feel not safe and I go and google the unit. End up I saw the unit is auction before at 2009, and it is a BUMI LOT!!

And then suddenly his lawyer called and I asked the lawyer to confirm it and finally it is confirmed.
I called up the agent and try to cancel the deal with him and get back my deposit as it will be issue in transferring the title for the unit.

What the agent do is:
1) try to convinced me to buy the unit ( where he has the way to change the title  shocking.gif  )
2) told me that he dunno it is a Bumi lot ( which is at 1st he VERY SURE it is not )  mad.gif

And now he still refuse to pay back my deposit. sad.gif
If I know it is a BUMI LOT i won't proceed with the purchasing. 

Anyone face the same cases before or anyone got any good suggestion what to do?  icon_question.gif  icon_question.gif

My lesson is " Do not fully trust your agent" and try to do lot of research yourself. Even no help given, I hope this give some tips to other property buyer.
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Talk to the real estate company not the agent. Agent don't care wan
SUSGazprom200
post Aug 9 2014, 06:17 PM

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QUOTE(bluecoat @ Aug 9 2014, 02:35 PM)
Real estate agent may want to protect their own rice bowl , but I saw most of them is not responsible .some more always try to create story. I would like to say we are buying property which is affect in whole life and not cheap. Please be more honest and responsible
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I agree there are alot of irresponsible agents. Alot of those agents are doing it part-time while some just came into the industry thinking its easy to make big bucks. These people will "hit and run" i.e. try to make as much money from you using tactics bordering on illegal. Coz for them at the end of the day, they just want to do it for the short term, earn their money and run.

That is why, always look for agents with a track record. Ask them low long have they been an agent. If anything less than 5 years, be cautious. Also avoid those who are doing it part-time. Since the real estate market isn't regulated, anyone can go in and out of the industry as and when they like
nexona88
post May 25 2015, 04:15 PM

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QUOTE(bluecoat @ Aug 9 2014, 02:35 PM)
Real estate agent may want to protect their own rice bowl , but I saw most of them is not responsible .some more always try to create story. I would like to say we are buying property which is affect in whole life and not cheap. Please be more honest and responsible
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+1
brother love
post Jun 8 2015, 10:07 PM

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Not only for sales and buying but even renting yur properties me heard of many horror stories and personally met some of them
durianpicker
post Jun 8 2015, 10:40 PM

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file your complain to the Board.

http://www.lppeh.gov.my/

MIEA is not an ideal route.
Mr.JJchampian
post Jun 9 2015, 12:18 PM

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So many cheat case by agent ? Miea got doing job?
gugukrez
post Jan 31 2016, 10:22 PM

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So in the end.. how was your case..
genex5
post Aug 15 2017, 07:01 AM

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so a little follow up from you guys. is your case for this resolved and refund claimed?
Rina03 P
post Oct 31 2020, 03:34 AM

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Michael Raj FAKE real estate agent from nilai Puchong
AnasM
post Oct 31 2020, 01:06 PM

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QUOTE(Rina03 @ Oct 31 2020, 03:34 AM)
Michael Raj FAKE real estate agent from nilai Puchong
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Can u pls share more details?

 

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