How much cash i have to be prepared?, First time buyer
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 Oct 19 2017, 05:31 PM, updated 9y ago
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#1
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Junior Member
148 posts Joined: May 2010 
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Hi all, I’m first time buyer. Before starting to buy my first house, I try to figure out how much cash I have to to be prepared. Please help me to check that whether The calculation is correct.So assume the sub sale house is rm500k, and I only can get 90% loan, which is rm450k...
so, I need to prepare: Rm 50k + rm3000 ( stamp duty for 1st house buyer) +rm3950 ( snp)+ rm y= Rm56,950. + rm y 1) stamp duty for 1st time buyer is only applied on 500k house or under 500k? 2) It is correct for my snp fee calculation? 3) what else I need to add in fro the rm y? Thank you,  |
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Oct 19 2017, 09:10 PM
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#2
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Junior Member
148 posts Joined: May 2010
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QUOTE(SheepGeeks @ Oct 19 2017, 05:40 PM) I just bought mine RM400K, deposit 40k + all legal fees after deduction 13.2K (First house) + 1.2k valuation + 100~300 for application and misc. Need at least 10k for the legal fee....Don't trust the legal web on the internet, they haven't include their "labour" & "professional" fees. 500K maximum and you're eligible for that. I'm not sure if they allow to waive off the stamp duty for your first 500K part, if you're purchasing above 500K. Look for few lawyers, I nego-ed from 16~18k to 13k.  Meaning that I need at least 80-90k cash  |
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