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 Trade/exchange house between 2 states

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shaniandras2787
post Oct 21 2016, 09:08 AM

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QUOTE(TheBladeRunner @ Oct 20 2016, 10:36 AM)
I have a friend who bought a house in Sabah. Had been paying house bank loan for 4 years.

However recently my friend had to move to Sarawak (long term job), so the Sabah house was left empty most of the time (still new). Friend decided to settle in Sarawak and want to sell off the house in Sabah.

Is it possible to somehow exchange the house in Sabah for the one in Sarawak (trade in / swap / exchange )?
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Yes, it is possible provided the registered owner of the house in Sarawak agrees for such exchange. Both the parties may engage a solicitor to draft out a Asset Exchange Agreement and then attend to the transfer.


shaniandras2787
post Oct 24 2016, 12:18 PM

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QUOTE(lucerne @ Oct 22 2016, 12:31 PM)
need to pay MOT stamp duty?
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But of course laugh.gif

The government ain't going to give anything away for free.

 

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