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 Process of buying subsale, need to know if i miss out

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GX9900g
post Nov 3 2021, 12:57 AM

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QUOTE(BboyDora @ Nov 2 2021, 11:56 AM)
hi all,

I currently agree on one of the sub sale house. need guidance on buying sub sale house. This is my understanding, kindly let me know if i missed out anything or any tricky things i need to be aware of.

Step by step.
1. agree on the value and prepare banker cheque for the property agent (under property agent company name) 3 %

2. I need to fill the booking form.

3. Agent will ask owner to sign agreement of the booking form to agree if loan reject, he need to refund the 3% money.

4, I need to find banker, to apply for loan.

5. loan approved, its a go. Loan reject, bye bye.

did i miss out anything important that i should be aware of? noob here.  notworthy.gif  notworthy.gif
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Agent should recommend you to apply a few bank and you accept the LO with the best rate. Then banker will ask which lawyer you will appoint. After sign LO, then you will need to prepare for valuation fee. Lawyer fee etc.

Anyway. Agent get paid. So anything you just ask them. That's their job. Do make sure the property is in favourable condition before you sign the documents.
GX9900g
post Nov 4 2021, 12:03 AM

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QUOTE(BboyDora @ Nov 3 2021, 09:10 PM)
the LO sign after i agree with the rate right? LO = letter of Offer?

I will be signing booking form and the agent say is offer of purchase form. am i right all this term?

im property noob
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Not pro also. Yes. Only sign when you like the rate. Consider it as the loan agreement with you from the bank. No idea about the agent part. Just make sure those agent is from proper company and have the registration number (I think is rem number) to avoid scam.

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