As long as you got any residential property under your name, irregardless one you bought or inherited, you will no longer entitled for first home buyer benefits

What does sell/rent direct to owner means?
I see it often on the banners hung outside the property.

Owner is selling or renting without going through any agents.

Owner can be an agent and vice versa.

But I think it's an agent's phone number which is printed on the banner

His job is an agent and the property belongs to him. Is common practise in the industry.

Under LPPEH guideline, an agent cum owner must state his position whether he is selling as an agent or owner.

In the event of a dispute, if he selling as an owner, then you cant sue him as an agent or his agency but as another seller.

there's more than one banner hanging in front of the property, each has a different agent/agency number, all saying direct to owner... how can one property have a few owners, all of them agents...

helo, want to ask regard housing loan progress payment schedules.

from start sign in spa, loan approval, how long will i be start charge for this kind of payment?

is it correct that buyer with late spa sign, house near complete, no progress payment charge? full payment on key handover?

Can take photo ?

After seeing the photo I should be able to advise the next step.

As I know that is LPPEH guideline for agents if he is selling his own property.

Normally it should only be one such banner which belongs to the owner. The rest are just normal agent banner.

Sometime, a buyer may not want to deal with direct owner for various reasons even he knows the owner. It doesnt always guarantee a lower price.

Buyer offer one price. Is up to owner to accept or how the agent convince the owner to accept.

This post has been edited by mini orchard: Mar 2 2022, 07:14 PM

If buy from developer for completed project, is consider subsale.

If still under construction, follow the SnP. If 50%, bank or buyer pay 50%.

All progressive payment follow architect certification of each stage of completion.

If follow HDA Schedule G & H, the following should be the phases

1) Upon signing the SPA = 10%
2) During Construction = 65%
3) Upon Vacant Possession = 25%

For the item 2), the 65% progress will be breakdown into further details as per stated in the Schedule G or H, depending on the template use by the developer in the SPA document. Upon the certificate of the Architect, the bank will release the payment accordingly. The construction period will normally takes 18 months to 36 months depending on the nature of the property you are buying. If dwelling unit, it will be within 18-24 months. If high rise, it would be within 24~36 months.



This post has been edited by nihility: Mar 4 2022, 01:44 PM

Here is an example.... not all banners but 3 is direct to owner...

I just speculate .....

All 3 can be agents with different agency but are joint owners ?

Few agents join together to buy a property for investment is common.

When you deal with anyone of them, you have to ask him whether he is selling as agent or owner.

This post has been edited by mini orchard: Mar 4 2022, 10:15 AM

I have an apartment which still on master title. I received letter from the developer to do MOT last year, it cost about RM10k...
To my luck, I manage to sell the apartment. In this case, do I still need to do the MOT (RM10k)?? Could the property transfer MOT directly done with the new owner please?
Hope sifu here can advise please

Most likely no since strata title is ready for execution.

However you can still submit a request to the developer and see whether they want to 'help' you.

I think no, you just leave the Strata Title perfection to the new owner. The new owner can apply it on his/her own. Do take note that disposal of the unit with master title takes longer time as there are more parties involved to get the concern of disposal.

My colleague just completed dealing with such case. Not sure where you are located but in Sabah the answer is no. They wanted existing owner to pay for it first so their lawyer can transfer to the owner.
Then only can transfer to the new purchaser.

I intend to buy a double-storey house (subsale), im trying to figure out how many total upfront payment require.
Based on my research, can i conclude that 10% downpayment + all legal fees i need to ready first?
Even though i manage to mark up in loan, but i had to pay the above mentioned payment only i will get my mark up amount after that ?
If let say i need to sell off my current first house, usually after which stage and how long bank will release the payment to me ?

Dont get it wrong that every borrower is quailfied for 90% loan. The % is depending on the bank after evaluating the purchase price, borrower income and his other loan commitments (HP, PTPTN, PL, & CC).

In addition, every borrower must engage a valuer to conduct a valuation exercise on the subject property. If SnP stated eg 500k and report is 460k, then % loan is based on 460k. How much purchaser marked-up is not the concern of the bank.

Any shortfall in loan have to be paid by the purchaser borrower b4 the bank release the money.

The cost of purchase (legal fees, stamp duties & valuation fee) is about 4% of purchase price. In addition, borrower is require to purchase insurance to cover the loan amount which is quite a substantial premium.

If you managed to mark-up the purchase price and have it approved, then ok. Any excess money from the marked-up will be given to you by your lawyer after the completion.

If you sell your house, you will get the money similar to how you and your bank pays the seller. If is freehold, it should be within 3 months. Leasehold will be around 6 months.

This post has been edited by mini orchard: Mar 18 2022, 06:50 PM

thank you so much for the info

seeing many leasehold properties now

is there anyway for government to take back before the contract end?