Cheated by real estate agent, its my first house and its end up a mess
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 Dec 28 2013, 07:29 AM
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#1
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Senior Member
2,854 posts Joined: Jul 2013  
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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. |
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Dec 28 2013, 12:03 PM
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#2
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Senior Member
2,854 posts Joined: Jul 2013
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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) 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. 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 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. |
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