QUOTE(penang23 @ May 21 2022, 02:04 PM)
My father (deceased) left a house with a join name of my mother & my brother and me
This is an old house which loan already settle 10 years ago. My brother and my mum need some cash urgently.
- My brother agreed to sell his 1/3 to me amount to 150k &
- My mother agreed to sell her 1/3 to me amount to 150k
Questions:
1) I don't wish to borrow loan but to pay off 300k cash to them. How should I proceed?
2) Do i need to engage with any lawyer to state clearly the pay off of this 300k amount ?
3) What are the fees need to take into consideration with this scenario?
Thanks !
1. dont borrow u mah nego with your bro & mom pay monthly installment lorThis is an old house which loan already settle 10 years ago. My brother and my mum need some cash urgently.
- My brother agreed to sell his 1/3 to me amount to 150k &
- My mother agreed to sell her 1/3 to me amount to 150k
Questions:
1) I don't wish to borrow loan but to pay off 300k cash to them. How should I proceed?
2) Do i need to engage with any lawyer to state clearly the pay off of this 300k amount ?
3) What are the fees need to take into consideration with this scenario?
Thanks !
2. Yes
3. normal sell/buy property fees, with some discount coz u only need to pay tax to buy your bro's 1/3 portion.
May 21 2022, 02:16 PM

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