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> Buying 2nd Hand House, Buying a 2nd Hand Freehold House

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TSmmm1199
post Mar 28 2018, 03:46 PM, updated 6y ago

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I'm 25 and planning to buy a 2nd hand house.

Target: Single-storey terraced house (freehold)
Area: Ipoh
Budget: +/- RM200K

It is my 1st time to buy a property, can someone advise me on the legal procedures and costs associated with the procedures??

Highly appreciate!! smile.gif
cdspins
post Mar 28 2018, 03:53 PM

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You might want to consider 1st time home owner program or rumah mampu milik. Once you buy a house, you may not be eligible to buy those house any more. Just my 2 cents
topearn
post Mar 28 2018, 03:54 PM

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Which part of Ipoh?
TSmmm1199
post Mar 28 2018, 04:23 PM

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QUOTE(topearn @ Mar 28 2018, 03:54 PM)
Which part of Ipoh?
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Taman Permai
topearn
post Mar 28 2018, 04:26 PM

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QUOTE(mmm1199 @ Mar 28 2018, 04:23 PM)
Taman Permai
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Can have more details of the property ? How many bedrooms n bathrooms ? Land area ?

TSmmm1199
post Mar 28 2018, 04:26 PM

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QUOTE(cdspins @ Mar 28 2018, 03:53 PM)
You might want to consider 1st time home owner program or rumah mampu milik. Once you buy a house, you may not be eligible to buy those house any more. Just my 2 cents
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I has tried to apply for PR1MA before, but i cant get any offer in areas of my preference
loki
post Mar 28 2018, 04:27 PM

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QUOTE(mmm1199 @ Mar 28 2018, 03:46 PM)
I'm 25 and planning to buy a 2nd hand house.

Target: Single-storey terraced house (freehold)
Area: Ipoh
Budget: +/- RM200K

It is my 1st time to buy a property, can someone advise me on the legal procedures and costs associated with the procedures??

Highly appreciate!! smile.gif
*
ipoh? its better to rent to to buy.. rm250 per month x 12 = 3k per year

3k x 40 years = 100k.

If loan = 180k + bank interest + MRTA = more than 350k.
topearn
post Apr 1 2018, 03:20 PM

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QUOTE(loki @ Mar 28 2018, 04:27 PM)
ipoh? its better to rent to to buy.. rm250 per month x 12 = 3k per year

3k x 40 years = 100k.

If loan = 180k + bank interest + MRTA  =  more than 350k.
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R U sure rental in Ipoh is so cheap ? Just RM250/mth ?

TSmmm1199
post Apr 18 2018, 01:09 PM

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QUOTE(topearn @ Apr 1 2018, 03:20 PM)
R U sure rental in Ipoh is so cheap ? Just RM250/mth ?
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I think cannot be that cheap lar, the rental in ipoh should ranged RM400-600/mth (depends to its proximity in convenience)
some more have to factor in the inflation rate, sure the owner will increase rental accdly
feeling more secured for having own property.
sonypshomer
post Apr 18 2018, 01:34 PM

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SS in Ipoh 200k?

https://www.mudah.my/Perak/Houses-2040/sing...ingle&so=1&th=1
topearn
post Apr 18 2018, 02:08 PM

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QUOTE(sonypshomer @ Apr 18 2018, 01:34 PM)
What do U mean 200K ? I saw 4 SS properties below 100K - like 41K, 83K ---- Ipoh properties really really dirt cheap - same also like thier delicious food. Good place to retire - cost of living so low !

gugukrez
post Apr 18 2018, 02:13 PM

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200k sup sup sui..

prepare 50k.. got balance 1.. if you can find a house that allowed to mark up then lagi good..

make sure the land title is not master..

make sure the land is transferable..

all outstanding bill owner need to clear.. lawyer need to check..

make sure dont use same lawyer with owner..
sonypshomer
post Apr 18 2018, 03:06 PM

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QUOTE(topearn @ Apr 18 2018, 02:08 PM)
What do U mean 200K ? I saw 4 SS properties below 100K - like 41K, 83K ---- Ipoh properties really really dirt cheap - same also like thier delicious food. Good place to retire - cost of living so low !
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Exactly and you missed my question mark.

 

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