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?
First time buying property, Need clarification
First time buying property, Need clarification
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Aug 12 2022, 05:58 PM, updated 4y ago
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#1
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Probation
2 posts Joined: Aug 2022 |
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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Aug 12 2022, 06:01 PM
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#2
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All Stars
21,963 posts Joined: Dec 2004 From: KL |
Owner can ask but u dont have to agree. Why would u want to pay more?
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Aug 12 2022, 06:02 PM
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#3
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Senior Member
1,523 posts Joined: Apr 2005 From: too far to see |
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? 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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Aug 12 2022, 06:04 PM
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#4
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Probation
2 posts Joined: Aug 2022 |
QUOTE(WaCKy-Angel @ Aug 12 2022, 06:01 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.QUOTE(taitianhin @ Aug 12 2022, 06:02 PM) Formally no, I did ask the owner to do some touch-ups and maintenance of the house's condition as well.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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Aug 12 2022, 06:06 PM
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#5
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All Stars
21,963 posts Joined: Dec 2004 From: KL |
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. Just ignore unless u feeling charitable.I did ask the owner to do some touch-ups and maintenance of the house's condition as well. |
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Aug 12 2022, 06:07 PM
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#6
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Senior Member
1,523 posts Joined: Apr 2005 From: too far to see |
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. you might as well -minus the cost (touch up and maintenance). And ask Agent how much it probably will cost..I did ask the owner to do some touch-ups and maintenance of the house's condition as well. 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 |
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Aug 12 2022, 06:18 PM
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#7
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Junior Member
299 posts Joined: Apr 2020 |
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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Aug 12 2022, 06:59 PM
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#8
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Senior Member
1,523 posts Joined: Apr 2005 From: too far to see |
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Aug 12 2022, 10:09 PM
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#9
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Senior Member
1,009 posts Joined: Mar 2019 |
U tell owner if like this u tak mao buy ..
Then owner will kecut |
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Aug 13 2022, 11:01 AM
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#10
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Senior Member
1,252 posts Joined: Jan 2012 |
Ask owner go fly kite. Earn 200k still ask buyer pay. Dont be idiot
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Aug 13 2022, 04:06 PM
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#11
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Junior Member
405 posts Joined: Aug 2013 |
i’m not surprised if the agent ask from both sides. Was it not written to contract form?
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Aug 13 2022, 04:41 PM
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#12
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Senior Member
1,559 posts Joined: Apr 2007 |
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Aug 13 2022, 04:57 PM
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#13
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Junior Member
299 posts Joined: Apr 2020 |
QUOTE(taitianhin @ Aug 12 2022, 06:59 PM) 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 1kThis post has been edited by Femsroot: Aug 13 2022, 04:57 PM |
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Aug 13 2022, 04:59 PM
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#14
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Junior Member
427 posts Joined: Aug 2021 |
no ... It is their responsibility to pay it ..not you
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