So after months of surveying, I am quite interested with this subsale house.

Cost RM750k.

Agent told me to pay them deposit to show that I am interested to buy.

Now the problem is, what's next? Bank loan?

Any guides that I can follow?

yes, u have to pay deposit 1st.
my experience not good enough to give an advice. My experience before, i just asking a conveyancing lawyer to get the details and free advice.


This post has been edited by buckbugs: Oct 17 2018, 01:27 PM

Pay deposit rm1k to rm3k depends. Sign agreement with developer. Proceed for loan submit income documents. Sign Loan Offer with bank. Lawyer will look for u and sign snp. Wait for your key. I might be wrong. Correct me because I am also first time buyer in the process for snp now.

pay booking fee to agent (approx 2-3%), sign booking form. in this property climate it's good to include a clause in the booking form "booking subject to X% loan margin approval within X days"

take booking form and ur payslip etc go apply loan

appoint lawyer, let them draft SPA (takes a week or so)

sign SPA, pay balance deposit (booking fee + balance deposit = 10% of property price)

then listen what ur lawyer tell u.

Deposit just to show it? Sounds like a scam to me honestly.
I paid deposit only after I saw the house, liked it and wanted to sign agreement at the end. Try to talk to a lawyer or check this website https://tranio.com/malaysia/ and get free advise on how to buy house in Malaysia. Good luck