Jul 2 2015, 09:54 PM
QUOTE(Neo Light @ Jul 2 2015, 03:14 PM)
I will be going to view a house(just recently got VP few months) and after months of research and waiting, finally I saw the best/cheapest price.
Called the property agent and said yes confirm the price can be given. So set appointment to view this weekend.
After viewing if I am fine with the house, need make booking 3% by cheque. The house about 600k. So I assume I need open a cheque of RM18k to him on the spot.
But before I pass him the cheque...
Questions:
1) Is the above the right process practice in buying a house?(first time buyer here)
2) How do I protect my interest?
3) Any documents involved here?
4) Do I need to check whether this property is under the said owner?
5) What if the agent run away with my cheque? Shall I write the cheque's date as two or three days later to be safe?
6) What if owner(seller) decides not to sell to me few days later?
7) What if my loan rejected? Can I get back my RM18k?
Please enlighten me
You have the right to request the Property agent to bring along and show you the current owner's Spa or title or whatever documents that can prpve the ownership of the house. Then keep a copy of that , sign the booking form, pay the cheque and then after owner signed the booking form, match the owner's detail such as name and ic with the spa or title that you got.Called the property agent and said yes confirm the price can be given. So set appointment to view this weekend.
After viewing if I am fine with the house, need make booking 3% by cheque. The house about 600k. So I assume I need open a cheque of RM18k to him on the spot.
But before I pass him the cheque...
Questions:
1) Is the above the right process practice in buying a house?(first time buyer here)
2) How do I protect my interest?
3) Any documents involved here?
4) Do I need to check whether this property is under the said owner?
5) What if the agent run away with my cheque? Shall I write the cheque's date as two or three days later to be safe?
6) What if owner(seller) decides not to sell to me few days later?
7) What if my loan rejected? Can I get back my RM18k?
Please enlighten me
Before that you sign anything or view the house through the agent you can also request for the agent's name card and call his/her office to confirm the property agent's identity.
if you need any further assistance can just pm or ask around here. *Btw if you need any lawyer to assist can just pm me. Based at PJ
This post has been edited by Tavia88: Jul 2 2015, 09:59 PM
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