Selling Your Property, Things to Consider & Costing Involved
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 Oct 6 2015, 11:12 AM
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#1
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Junior Member
288 posts Joined: Jan 2013 
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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? |
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Oct 6 2015, 02:27 PM
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#2
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Junior Member
288 posts Joined: Jan 2013
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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 Noted with thanks.seller take the booking fee bring receipt to lawyer sign SNP seller collect remaining 10% lawyer settles everything seller collect remaining balance  |
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Dec 17 2015, 01:28 PM
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#3
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Junior Member
288 posts Joined: Jan 2013
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QUOTE(jason1986 @ Dec 2 2015, 11:52 AM) Yes, there will be legal fees. Do you know roughly how much is the application for the state authority's consent? Property is leasehold s/s located in KL.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. |
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Dec 17 2015, 01:48 PM
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#4
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Junior Member
288 posts Joined: Jan 2013
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QUOTE(suadrif @ Dec 17 2015, 01:38 PM) depends on the property What kind of property? Condo or landed?mine last time was RM1.2k++ |
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