QUOTE(yourinfohere @ Dec 28 2019, 12:46 AM)
Really Thanks for your reply.
If buyer not willing pay booking fees, seller how to ask lawyer start process consent approval -> seller loan -> SNP -> seller received full amount.
Normally, consent will approval but need wait long time at least 9 months.
This is mean seller still can stay everything approx. 6 months till "SNP -> seller received full amount"?
If not approval I think this is seller problems and mean this house not possible sell?
If same area others success sold, how can others do above?
May I question?
The seller before sale one consent house, must have another house? But the seller only one consent house and consider after sold this consent house, rent one room and future don't know.
If above mentioned not problems, then the problems normally come from buyer, no want wait consent approval, unable get load, change the mind....
Require booking fees important to serious true seller.
Seller just consider take 5% booking fees and down payment also need 10%, the true serious buyer sure able and willing payment.
I also don't know wrong or not, but thank you so much.
Once SnP signed, 10% (inclusive of the booking fees) is paid to the seller. After that, your lawyer will only proceed to apply for state consent. If the buyer decide not to proceed with the purchase for whatever reasons before or after consent approval, then you can forfeit the 10% and the sale is consider aborted.
On the other hand, if the state consent for transfer is rejected or exceeded the time duration stated in the SnP, then you have to refund the 10% to the buyer and the sale is considered aborted.
Partial legal fees have to be paid by you for work done if aborted by buyer or seller due to above reasons.
Once the sale is completed, i.e. full payment received, the seller must deliver the house to the buyer.
In normal state consent, approval is not an issue unless you are a bumi and selling to other races or the state govt has intention to acquire your area for future development.
This post has been edited by mini orchard: Dec 28 2019, 06:55 AM