Mar 30 2016, 08:09 PM
QUOTE(sai2 @ Mar 30 2016, 07:34 PM)
I'm selling my house worth about 400k without agent, anybody know the
"Cost of Using My Own Lawyer VS Using Buyer Lawyer"
I only know this
Lawyer fee for S&P
First RM150k = 1%
Subsequent up to RM1 million = 0.7%
Roughly how much using "Own Lawyer VS Buyer Lawyer", difference in cost.
though I have done this before, its usually not advisable if you are NOT familiar with SPAs.."Cost of Using My Own Lawyer VS Using Buyer Lawyer"
I only know this
Lawyer fee for S&P
First RM150k = 1%
Subsequent up to RM1 million = 0.7%
Roughly how much using "Own Lawyer VS Buyer Lawyer", difference in cost.
if you use the buyer's lawyer ;
I) you will not be legally represented so you are your own "lawyer" and because of this, you do not pay
the legal fee ..ie zero..but if you are still servicing the loan, you will need to pay the buyer's lawyer to discharge
the loan for you and file in your tax return - so all in all maybe around 1k only for disbursements etc....savings to you will be a few thousand
( based on 400K would be 3k plus)
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