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 Purchase house from my brother, How?

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TScoolkwc
post Mar 15 2021, 08:13 PM, updated 5y ago

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Hey guys,

I would like to purchase a house from my bro.
Provided both of us have time to settle all procedures by our own without need an agent, may i know what's the step we should begin with?

Anyway, i need a bank loan for that.
Thanks in advance.
hightechgadgets8
post Mar 15 2021, 08:25 PM

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Get a ctos or experian report 1st
Aftermaths
post Mar 15 2021, 08:25 PM

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Get a lawyer.

It's a lot of steps & document need you to sign.
haturaya
post Mar 15 2021, 08:33 PM

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QUOTE(coolkwc @ Mar 15 2021, 08:13 PM)
Hey guys,

I would like to purchase a house from my bro.
Provided both of us have time to settle all procedures by our own without need an agent, may i know what's the step we should begin with?

Anyway, i need a bank loan for that.
Thanks in advance.
*
If you need a loan then better go through a lawyer. sweat.gif
TScoolkwc
post Mar 15 2021, 08:34 PM

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QUOTE(hightechgadgets8 @ Mar 15 2021, 08:25 PM)
Get a ctos or experian report 1st
*
Is it a must?
TScoolkwc
post Mar 15 2021, 08:35 PM

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QUOTE(haturaya @ Mar 15 2021, 08:33 PM)
If you need a loan then better go through a lawyer.  sweat.gif
*
Yes, will definitely find a lawyer, just don't want to go through agent since not worth to pay the agent fee. Is that possible?

How about loan application? Can i do by my own? Need to get the banker valuation right?

This post has been edited by coolkwc: Mar 15 2021, 08:38 PM
hightechgadgets8
post Mar 15 2021, 08:38 PM

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QUOTE(coolkwc @ Mar 15 2021, 08:34 PM)
Is it a must?
*
Understand your credit rating b4 submitting loan, later loan reject only ask why is too late ald
haturaya
post Mar 15 2021, 08:42 PM

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QUOTE(coolkwc @ Mar 15 2021, 08:35 PM)
Yes, will definitely find a lawyer, just don't want to go through agent since not worth to pay the agent fee. Is that possible?

How about loan application? Can i do by my own? Need to get the banker valuation right?
*
Sure no need any agent. Just find a reputable lawyer / well experience one.

I bought my house direct from owner. We just appoint our own lawyer. Then money talks. thumbsup.gif

This post has been edited by haturaya: Mar 15 2021, 09:02 PM
TScoolkwc
post Mar 15 2021, 08:44 PM

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QUOTE(haturaya @ Mar 15 2021, 08:42 PM)
Sure no need any agent. Just find a reputable lawyer / well experience one.

I bought my house direct from owner. We just appoint our won lawyer. Then money talks.  thumbsup.gif
*
Good to hear that.
Will the lawyer advise me step by step on what should i do?
haturaya
post Mar 15 2021, 09:10 PM

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QUOTE(coolkwc @ Mar 15 2021, 08:44 PM)
Good to hear that.
Will the lawyer advise me step by step on what should i do?
*
Definitely. You pay them right? A good one should be well versed with the hurdles of selling / buying a house. Dealing with city council, district land, banks, TNB, Air Selangor, Indah Water etc can be a big pain in the a!s. sweat.gif

One example, my house TNB, water, MBSA still under previous owner name sweat.gif . Our lawyer already submitted all forms multiple time, still nothing (that was 16 years ago). At the end I told my layer, forget about it, I'll pay my due bills accordingly. Hahaha


YeohKW
post Mar 16 2021, 09:52 PM

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QUOTE(coolkwc @ Mar 15 2021, 08:44 PM)
Good to hear that.
Will the lawyer advise me step by step on what should i do?
*
Find a lawyer specialized in conveyancing ..

 

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