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 First time buying property, Need clarification

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TSjeffteoh82 P
post Aug 12 2022, 05:58 PM, updated 4y ago

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So, I'm buying a small property for less than 200K. Can the owner actually ask me to pay their side of comission and lawyer fees?
WaCKy-Angel
post Aug 12 2022, 06:01 PM

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Owner can ask but u dont have to agree. Why would u want to pay more?
taitianhin
post Aug 12 2022, 06:02 PM

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QUOTE(jeffteoh82 @ Aug 12 2022, 05:58 PM)
So, I'm buying a small property for less than 200K. Can the owner actually ask me to pay their side of comission and lawyer fees?
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Formally no,
But if he insist, it will eat in your investment.
Then just factor in into the Nego price la (~~200K - Commission - Lawyer Fee). Which is +- RM6k-RM7k
TSjeffteoh82 P
post Aug 12 2022, 06:04 PM

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QUOTE(WaCKy-Angel @ Aug 12 2022, 06:01 PM)
Owner can ask but u dont have to agree. Why would u want to pay more?
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Exactly, seems like the owner is not forking out any extra money to do some legwork while only wanting the clean profit just by selling.

QUOTE(taitianhin @ Aug 12 2022, 06:02 PM)
Formally no,
But if he insist, it will eat in your investment.
Then just factor in into the Nego price la (~~200K - Commission - Lawyer Fee). Which is +- RM6k-RM7k
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I did ask the owner to do some touch-ups and maintenance of the house's condition as well.
WaCKy-Angel
post Aug 12 2022, 06:06 PM

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QUOTE(jeffteoh82 @ Aug 12 2022, 06:04 PM)
Exactly, seems like the owner is not forking out any extra money to do some legwork while only wanting the clean profit just by selling.
I did ask the owner to do some touch-ups and maintenance of the house's condition as well.
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Just ignore unless u feeling charitable.


taitianhin
post Aug 12 2022, 06:07 PM

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QUOTE(jeffteoh82 @ Aug 12 2022, 06:04 PM)
Exactly, seems like the owner is not forking out any extra money to do some legwork while only wanting the clean profit just by selling.
I did ask the owner to do some touch-ups and maintenance of the house's condition as well.
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you might as well -minus the cost (touch up and maintenance). And ask Agent how much it probably will cost..

But how does he pay agent commission? the first 2%-3% usually go to agent. he still get clean profit from lawyer.

btw, there is 6% SST in Agent commission

This post has been edited by taitianhin: Aug 12 2022, 06:08 PM
Femsroot
post Aug 12 2022, 06:18 PM

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he pay his loyar, u pay ur loyar. he stupid if use ur loyar. ask ur loyar do contract favourable to u
taitianhin
post Aug 12 2022, 06:59 PM

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QUOTE(Femsroot @ Aug 12 2022, 06:18 PM)
he pay his loyar, u pay ur loyar. he stupid if use ur loyar. ask ur loyar do contract favourable to u
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If seller us same lawyer, the cost probably at -RM800->Rm1300...
not much nia
SUSBoomwick
post Aug 12 2022, 10:09 PM

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U tell owner if like this u tak mao buy ..

Then owner will kecut
airtawarian
post Aug 13 2022, 11:01 AM

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Ask owner go fly kite. Earn 200k still ask buyer pay. Dont be idiot
sosobear
post Aug 13 2022, 04:06 PM

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i’m not surprised if the agent ask from both sides. Was it not written to contract form?
Fat3Twister
post Aug 13 2022, 04:41 PM

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QUOTE(airtawarian @ Aug 13 2022, 11:01 AM)
Ask owner go fly kite. Earn 200k still ask buyer pay. Dont be idiot
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ini manyak pandai...sell less than 200k can earn 200k...
ini rumah mesti free punya, assessment quit rent govt pays to owner..
Femsroot
post Aug 13 2022, 04:57 PM

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QUOTE(taitianhin @ Aug 12 2022, 06:59 PM)
If seller us same lawyer, the cost probably at -RM800->Rm1300...
not much nia
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i know. but u never know what happen the other side. always good to pay for ur own loyar. when shit happen court only see black and white. u can pay 200k so dont stingy on 1k

This post has been edited by Femsroot: Aug 13 2022, 04:57 PM
LuckyBai
post Aug 13 2022, 04:59 PM

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no ... It is their responsibility to pay it ..not you

 

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