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 Buying second hand brand new property, What will be the tips and cost incurred?

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TSstaind
post Jul 15 2012, 11:08 PM, updated 14y ago

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I found a 18X65 sq.ft property in Taman JP Perdana, Austin, Johor. The property is a second hand but brand new property, selling at RM295K with wire fencing + guard. Considering the price, it's cheap as nowadays, a 20x70 sq. ft property here cost around RM400K. The developer for this housing project went bankrupt few years back. It was then revived and the property is now completed. I am kind of worried there will be future problems.

Secondly, the property agent told me that I need to pay around 2.5% of total property value for SPA fees and another 1% for agent commission. That will cost me around RM10K. I read Agent Fee that the 1% should not be born by me. Is the agent taking advantage of me.

Besides these fee, what else of expenses should I know of?

Thirdly, I also found another property nearby the first one. Same size but different developer (better established developer than first one) with brick wall fencing + guard. This one is a new property and will be completed in 2014. It's selling at RM363K inclusive of SPA + stamp duty. My dilemma, how would you choose if you are me?


TSstaind
post Jul 15 2012, 11:29 PM

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QUOTE(deric79k @ Jul 15 2012, 11:12 PM)
Buy the new one, if u nop hurry to stay, better developer is much better.
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Yea. I am not in hurry. It's slightly above my budget though.
TSstaind
post Jul 16 2012, 06:30 AM

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QUOTE(salawadenkete @ Jul 16 2012, 12:10 AM)
yeap,you're not obligated to pay the agent's comission/fee whatsoever because its not you that engaged his/her service at the first place. it is the owner that uses his/her service to sell the house. the link that you provide says it all.so,don't pay.

Other fees that you have to know is stamping and legal fee for agreement/SPA. I'm not sure whether it is already included in the 2.5% as quoted by the agent. And lastly the valuation fee in order for you to obtain your housing loa later. Based on the property price (RM295k) the valuation fee should be around RM300 something.
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I see.thanks.I am not sure as well on what is included in the agent 2.5% she told me.i think i will contact her again


Added on July 16, 2012, 6:33 am
QUOTE(rumahmurah @ Jul 16 2012, 12:21 AM)
Better to go for the 2nd house if both are still under construction.
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The second hand unit is already completed. I can see other house owners moving in. The new unit is just at planning stage at the moment. Show house is not ready yet.

This post has been edited by staind: Jul 16 2012, 06:33 AM
TSstaind
post Jul 16 2012, 08:00 AM

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QUOTE(Akane Soma @ Jul 16 2012, 07:23 AM)
Pls stay away from Jp perdana if u can. I'm assuming the 2nd property that u intend to purchase is either by spsetia or mahsing group. And even though rm295k sounds cheap, try to get the bank valuers valuation of the house before signing the spa.
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It is cube 166 type. I think it is not spsetia or mahsing.it was an abandoned project previously. The 363k is at la gardens.
TSstaind
post Jul 16 2012, 08:44 PM

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295k is cube 166. 363k is the newly launched ak10 and ak11 type at la garden.

 

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