Jan 23 2023, 12:52 PM
QUOTE(jayakumarsc2 @ Jan 23 2023, 09:52 AM)
I'm trying to learn about geran kongsi for agricultural land. Is it very risky? My family and friends told me don't even think about it.
The agent says:
Geran kongsi 4 nama ..semua mau jual.semua masih hidup.adik beradik
Maaf .bayaran kena cash ye..tak boleh loan bank.sebab geran kongsi 4 nama.semua nama setuju nak jual.semua nama masih hidup
Is it a scam?
I was thinking to buy cash deal. Borrow money from family members to do it.
Anyone have some experience in this area? Thanks for your advice.
If you are buying over all the 4 shares & become a single owner of the title , should not be an issue. Engage a lawyer to deal with the transaction even though you are paying by cash. The agent says:
Geran kongsi 4 nama ..semua mau jual.semua masih hidup.adik beradik
Maaf .bayaran kena cash ye..tak boleh loan bank.sebab geran kongsi 4 nama.semua nama setuju nak jual.semua nama masih hidup
Is it a scam?
I was thinking to buy cash deal. Borrow money from family members to do it.
Anyone have some experience in this area? Thanks for your advice.
If you are co-buyer of the shared title & become the joint owner, I think avoid at all cost . The issue of becoming co-owner, when one of the owner died & pass the land to their descendants ( many names ) & one of their descendants refuse to sell when you intend to exit , it will create some hassle.
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