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 Selling Your Property, Things to Consider & Costing Involved

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Seremban_2
post Aug 23 2015, 10:26 PM

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QUOTE(joshuawhlam @ Aug 20 2015, 01:39 PM)
Saudrif

How about the price of bank valuation? Is the market price follow the bank valuation price?

L
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Normally bank valuation for your property always lower than the market value/price. Or near JJPH. LOGICALLY Bank need to make sure it able to recover it's loan given to you and sell through Auction.
alchmiya
post Oct 6 2015, 11:12 AM

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If I sell my house to my neighbour, obviously without any negotiator/agent, how does the booking fee work?

I understand that I'm entitled the 10% upon signing of SPA, but surely there must be a booking fee to lock in the agreement before SPA. But who is to prepare the booking documentation? Who is to hold the booking fee? Anyone can share?
TSsuadrif
post Oct 6 2015, 02:01 PM

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QUOTE(alchmiya @ Oct 6 2015, 11:12 AM)
If I sell my house to my neighbour, obviously without any negotiator/agent, how does the booking fee work?

I understand that I'm entitled the 10% upon signing of SPA, but surely there must be a booking fee to lock in the agreement before SPA. But who is to prepare the booking documentation? Who is to hold the booking fee? Anyone can share?
*
in my previous transaction, we just had 1 piece of A4 paper and put both signatures there as a proof of booking fee
seller take the booking fee
bring receipt to lawyer
sign SNP
seller collect remaining 10%
lawyer settles everything
seller collect remaining balance
alchmiya
post Oct 6 2015, 02:27 PM

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QUOTE(suadrif @ Oct 6 2015, 02:01 PM)
in my previous transaction, we just had 1 piece of A4 paper and put both signatures there as a proof of booking fee
seller take the booking fee
bring receipt to lawyer
sign SNP
seller collect remaining 10%
lawyer settles everything
seller collect remaining balance
*
Noted with thanks.
TSsuadrif
post Oct 6 2015, 02:50 PM

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QUOTE(alchmiya @ Oct 6 2015, 02:27 PM)
Noted with thanks.
*
make sure u put note either it is refundable or not
and the terms n condition is clear
banKarl
post Oct 6 2015, 05:05 PM

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Want to ask, residential property with 2 owner, 1 of the owner want to sell but the other refuse. Is it possible to sell the house?
Any1 experience?
nookie188
post Oct 6 2015, 09:05 PM

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QUOTE(banKarl @ Oct 6 2015, 05:05 PM)
Want to ask, residential property with 2 owner, 1 of the owner want to sell but the other refuse. Is it possible to sell the house?
Any1 experience?
*
not possible..
TSsuadrif
post Oct 7 2015, 12:13 AM

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QUOTE(banKarl @ Oct 6 2015, 05:05 PM)
Want to ask, residential property with 2 owner, 1 of the owner want to sell but the other refuse. Is it possible to sell the house?
Any1 experience?
*
No. Cannot proceed.
U must have mutual agreement to sell the house because the snp will need both owner signature.
TSsuadrif
post Oct 7 2015, 12:33 AM

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double post

This post has been edited by suadrif: Oct 7 2015, 12:34 AM
jason1986
post Oct 8 2015, 08:06 AM

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QUOTE(suadrif @ Oct 6 2015, 02:01 PM)
in my previous transaction, we just had 1 piece of A4 paper and put both signatures there as a proof of booking fee
seller take the booking fee
bring receipt to lawyer
sign SNP
seller collect remaining 10%
lawyer settles everything
seller collect remaining balance
*
Just do up an offer to purchase. I can give you my template if you want.
TSsuadrif
post Oct 8 2015, 08:09 AM

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QUOTE(jason1986 @ Oct 8 2015, 08:06 AM)
Just do up an offer to purchase. I can give you my template if you want.
*
person wrongly quoted? sweat.gif
axantra
post Oct 8 2015, 12:07 PM

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QUOTE(suadrif @ Oct 8 2015, 09:09 AM)
person wrongly quoted? sweat.gif
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achimya who ask actually. but jason1986, could give to me to? tq
jason1986
post Oct 9 2015, 09:42 AM

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QUOTE(axantra @ Oct 8 2015, 12:07 PM)
achimya who ask actually. but jason1986, could give to me to? tq
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Those who want the template please PM me your email address. I will have it emailed to you.
biggrin.gif

This post has been edited by jason1986: Oct 9 2015, 09:42 AM
chenster
post Nov 11 2015, 01:43 AM

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what is the seller need to pay if selling the property other than the 2/3% commission to the agent?
any other lawyer fees needed?
jason1986
post Dec 2 2015, 11:52 AM

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QUOTE(chenster @ Nov 11 2015, 01:43 AM)
what is the seller need to pay if selling the property other than the 2/3% commission to the agent?
any other lawyer fees needed?
*
Yes, there will be legal fees.

If you appoint your own lawyers, you will need to pay for the SPA legal fees.

other fees include the following where applicable:-

(1) filing of CKHT forms;
(2) discharge/Receipt and reassignment;
(3) application for state authority's consent; and
(3) disbursements in relation to the above.
jeff_v2
post Dec 8 2015, 12:08 AM

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QUOTE(jason1986 @ Dec 2 2015, 11:52 AM)
Yes, there will be legal fees.

If you appoint your own lawyers, you will need to pay for the SPA legal fees.

other fees include the following where applicable:-

(1) filing of CKHT forms;
(2) discharge/Receipt and reassignment;
(3) application for state authority's consent; and
(3) disbursements in relation to the above.
*
hi appreciate if u could elaborate more on the seller lawyer fees?

jason1986
post Dec 8 2015, 10:53 AM

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QUOTE(jeff_v2 @ Dec 8 2015, 12:08 AM)
hi appreciate if u could elaborate more on the seller lawyer fees?
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Erm.. what else would you like to know? biggrin.gif
lex11
post Dec 17 2015, 01:22 PM

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QUOTE(jason1986 @ Dec 8 2015, 10:53 AM)
Erm.. what else would you like to know?  biggrin.gif
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Ball park cost of hiring a lawyer? Plenty of lists but I don't see mention of estimation of legal cost.
alchmiya
post Dec 17 2015, 01:28 PM

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QUOTE(jason1986 @ Dec 2 2015, 11:52 AM)
Yes, there will be legal fees.

If you appoint your own lawyers, you will need to pay for the SPA legal fees.

other fees include the following where applicable:-

(1) filing of CKHT forms;
(2) discharge/Receipt and reassignment;
(3) application for state authority's consent; and
(3) disbursements in relation to the above.
*
Do you know roughly how much is the application for the state authority's consent? Property is leasehold s/s located in KL.
TSsuadrif
post Dec 17 2015, 01:38 PM

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QUOTE(alchmiya @ Dec 17 2015, 01:28 PM)
Do you know roughly how much is the application for the state authority's consent? Property is leasehold s/s located in KL.
*
depends on the property
mine last time was RM1.2k++
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