condo/apartment is easier to be rented out than landed. Buy semenyih for investment? Need to rethink x10.

I think Semenyih is for the future. If EcoMajestic project failed then it means something. Since you are buying for own stay in Semenyih, I think that's not really your concern right?

10km distance from KL for RM 370K? Double storey some more?

Ok you senior. then as a buyer how do I know which method will my developer be using? Pre-clay is only for condo/apartment? Landed can't apply the same?

So you bought one DS in Setapak for RM 370K????? Which area if I may ask??? What's the name of the place?

TS, still how do I know which method that my developer is using?

i wonder what is the age of the property and hw much he/she spent for renovation.

Showtime Tai Gor. Sorry to ask a few stupid question.

Is this sand brick?

Sand Brick?

This is red brick?

Red Brick

Red brick > Sand Brick > pre-cast clay? Then what is concrete wall?

Is my understanding correct?

This post has been edited by JasonW13: Jan 11 2015, 06:40 PM

Bro. Ok now I know you are 30. LOL.

You tak re assign or add electrical points la?

are hollow block = hollow tile?

If no, then what is hollow tile if you don't mind?

developer won't write in the S&P on materials that they used to build the house right?

Stay tune. You will know more about BBW. If not, make some afford to read V17 to understand better. Lol.

lending rate becomes slightly more expensive now. So how BBW?

Nv know BBW is so influential...


BBW is waiting for GST. Saving up his bullet. CNY got bagi angpow for parents or not?

Dear sifus, is this decent to protect buyer's interest for subsale?

LETTER OF OFFER TO PURCHASE (LOF)
1. Purchase Price
The Vendor agreed to sell and the Purchaser agreed to buy the property at the Sale Price of RM ______________ (RINGGIT MALAYSIA) ____________________________________________
2. Earnest Deposit
A sum of RM _____________ to be paid to XXX equivalent to ____% of the sale price.
The Vendor hereby acknowledges the earnest Deposit is fully refundable in the event the transaction is aborted by the Purchaser prior to the execution of the Sale and Purchase Agreement or due to mortgage loan application rejected by the Bank. Should the Vendor failed to complete the signing of Sale and Purchase Agreement or to cancel the deal prior to signing of Sale and Purchase Agreement with reason which is not liable by the Purchaser, the Vendor agreed to pay additional 20% of the paid earnest deposit mentioned above to the Purchaser as a token of compensation.
3. Sale and Purchase Agreement
The Sale and Purchase Agreement must be executed within twenty one (21) full working days from the approval date of bank loan facility submitted by the Purchaser.
4. Down Payment
The Sale shall pay the vendor a sum of RM ______________ equivalent to __________ percent (____ %) of the Sale Price upon signing Sales and Purchase Agreement. This amount is forfeitable in the event the Purchaser fails to complete the transaction within the time provided in the Sale & Purchase Agreement.
5. Balance Payment
The balance of the Sale Price shall be paid by the Purchaser to the Vendor within a period of ninety (90) days from the date of the execution of the Sale and Purchase Agreement or date receipt of consent of the Developer / Statutory Body and/or relevant authorities and/or issuance of Certified of Fitness, with a maximum extension period of thirty (30) days at prevailing market rate (interest an extension period).
6. Specific Performance
The Purchaser shall be entitled to specific Performance of this Agreement if the Vendor shall fail to complete this Memorandum for Sale.
7. Vacant Possession
The Purchaser shall be entitled to vacant possessions of the Property only upon full payment sale price.
8. Encumbrances and Liens
The Property is sold free from encumbrances and liens.
9. Solicitor Cost
Each party shall bear their own solicitor cost; however, Purchaser bears the cost of stamp Duty and Transfer cost.
10. Special/Express Condition
The Vendor must ensure that:-
1. The ceiling perforation at the kitchen area of the said property which caused by misaligned/incurred damage/punctured roof of the correspondence area of the perforated area is fully repaired or addressed before signing of Sales & Purchase Agreement.
2. The electricity and water supply are restored accordingly with related authority with resolution before signing of Sales & Purchase Agreemen

Ya suppose to. Just wondering on the first stage on the Letter offer to purchase and payment of earnest deposit. I understand that it is important to list down all T&Cs before proceed to the next phase. Usually PA already prepare a default version but I would like to seek for advice if the one I prepared is consider reasonable or not so that I could demand to add those into the letter offer.

Question:

Are these the correct steps for purchasing of subsale?

1. Drafting of Letter of Offer to Purchase. Add in those clauses and pay earnest deposit to agency. Letter of Offer is signed by PA (representing the vendor) and also Purchaser.
2. Use the signed Letter of Offer to quote for bank loan and also solicitors for best price.
3. Once the bank loan is approved and found the solicitor, let solicitor to run the show to draft SnP.
4. Sign SnP by both purchaser and vendor within agreed period, usually 14 days and pay the remaining differences of the 10% deposit to solicitor.
5. Solicitor to ensure everything is done up correctly and the property condition is as claimed and no reverse info on vendor.
6. Solicitor will bill for everything once MOT is done and bank has released the loan to vendor.
7. Purchaser to start serving the loan accordingly, which normally 3-4 months later after you have signed the Letter Offer.

Additional question on the letter of offer. Purchaser is taking the original copy or the customer copy? Can make photocopy to ask for quotations from bank and solicitor?

Thank you for your kind advice.

This post has been edited by JasonW13: Jan 18 2015, 03:54 PM

boss we need to sign letter of offer and pay earnest deposit first before you engage lawyer right? Or how? Sorry I am inexperience...

Mana ada. I am getting for own stay only.

I do. I am saying usually PA has a standard version which is more favoring the vendor no? Then which are the clauses that I must add in to protect my own interest?

Thank you thank you!