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 BANK AUCTION PROPERTY

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simplylegendary
post Jul 22 2017, 09:34 AM

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270 posts

Joined: Jul 2017
QUOTE(AskarPerang @ Jul 3 2017, 10:09 PM)
Cash is king in lelong property. If you can afford to buy with cash without needing any loan, then you are very mightily strong.

If not, there are few key tips:

1. 10% dp or 5% dp depending on auction bank.
2. CCRIS/CTOS must be perfect. DSR also must comply. you cannot afford to get loan rejected by bank.
3. Not all property can obtain bank loan. Developer bankrupt. Abandon project. less than 100k loan. etc. So it is back to the top first statement. If you got cash, you are king.
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If we can buy with cash what kind of bargain are we talking about here?

 

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