For subsale, the standard fees is about 2 to 3% of the purchase price. This will be part of the 10% deposit that you need to pay during the signing of the S&P

1. Regarding the booking form, always make sure you have a clause that says "subject to xx% margin of financing loan approval, or the booking fees are returned". Most agents I know tend to keep this a hidden knowledge; but it is essential as there is no way you can guarantee that you can get a housing loan. XX can be any figure, usually people want the maximum 90%. Some rookie mistakes that I know involves forfeiting the deposits by the would-be purchaser due to their inability to get any loans approved.

2. As for the S&P lawyer, make sure you choose on your own and not the seller's lawyer - insist on using your own lawyer since some unscrupulous agent and/or seller would insist on using their own. S&P is an agreement between the seller and the purchaser, you do not want the lawyer to side with the seller when the deal goes south. If you need a recommendation for the S&P as well as Legal Agreement lawyer, let me know. I'll hook you up.

This post has been edited by wild_card_my: Jul 2 2015, 06:37 AM

But that is only for transfers of lower than RM500k in value... good info for those not in the know though

500k and below. That means even if the SPA price is RM500k, you can still get the 50% discount on the stamp duty of the SPA. Thanks for asking, so I could clarify.

Also, this applies to the stamp duty for BOTH the SPA and the LA (legal agreement)

This post has been edited by wild_card_my: Jul 5 2015, 01:30 AM