I am interested to know how to buy sub sale properties

However with so many scams going on these days, I am really afraid to buy.

I checked out I property.com but info is insufficient.

I've gotten some EPF money to invest in a house that I want to move in.

I already tired of staying in condo for years. Footstep, furniture dragging and door banging, 20 years of this. I just want to move to a house for good.

If I were to buy property, I want to go through a reputable law firm. I will tsf money to them before going to seller. I will not want to pay directly to anyone.

May I know what is the procedure or FLOW for buy sub sale property ?

I feel so afraid to buy property due to scams, I've been scammed before engaging certain services, and the co's staff ran away 10k of my money. Fortunately the co was willing to bear the losses. Since that day, I afraid to do any big transactions.

Just get the own lawyer and ask lawyer to contact the seller/agent for all process.

The process I been Tru is
1. if with agent, need to pay booking. They will issue booking slip for you. I forgot if the booking fees can be taken back or not. But the booking should not more than rm1k .

2. After paying booking fees. They will give u Copy of snp so that buyer can first check if loan can get approval or not .

3. Find lawyer to do the rest of the procedure after your bank approved the loan

Subsale

Before going in, then check sendiri pocket.

House deposit 10%
Spa + loan financing cost + mot (for 500k case example, ready 25k)
Prepare renovation and repair fee if needed

2 path, Engage a licensed agent, or direct deal with owner thru lawyer.

Since u r going to take bank loan, engage a licensed agent is easier for u as u can apply loan with booking form

Agent route

Make sure property is dont have complication like bumi to non bumi.

1. Engage licensed agent, got REN number
2. Deposit 3% to estate company clients account.
3. Sign LOCS, get all document related to property
4. Apply loan
5. After loan approve, then find SPA lawyer to represent u.
6. Lawyer do checking, and draft spa
7. All ok, then Sign spa, u pay 7% balance
8. Wait bank release balance, then when 100% u get vp. Agak agak 90 days

This is just summary, got more nitty gritty details

Agent, Lawyer and Banker

Find some whom you can trust on or at least reputable.

ask agent to view the house

check his REN on the portal, take name card, call agency to confirm his license.

never pay to agent directly. only pay to agency. make sure agency name is correct, not some duplicate.

sign booking form , agent will probably ask for deposit. take booking form to bank, take loan. sign the loan offer, then next step probably wait for lawyer sign S&P. balance deposit pay to law firm's account.

This post has been edited by pisces88: May 1 2025, 10:43 PM

1st, identify the unit you wanted, go view and upfront tell agent you are not paying for the 1% buyer fee, since you are the one who contacted them, unless you request agent to find specific unit for you, then pls pay them the 1%

2ndly, once decided then can try to negotiate the pricing to your liking, once all done, its time to pay them the 2% booking fee and sign the letter of offer

3rd, best is get a lawyer you are familiar with, ,issue the 2% to them, and the rest get the seller or agent to get their lawyer to deal with you, never ever use the seller's lawyer even if they tell you can have a better discount on lawyer fee. DO NOT save on the lawyer fee, get your own to protect your ownself

Subsequently is to go apply for loan, then pay another 8% to complete the 10% downpayment, after signing of SPA got another 90 days to pay balance depending on how much the bank is lending you. Need to clear the remaining before bank release the sum to the seller

Do remember subsale u will need to fork out additional close to 6% for the stamp duties and lawyer fee for both loan n spa

Plenty of guides on which are accurate enough.

When you do find a place, ask the agent what is procedure & compare against what is readily stated in various guides.

Payments are to lawyer office, andor property agency, never personal accounts.

I also buy subsales only.

any specific reason why only subsales?

In states like Pen & Johor, the "rule" is buyer pay 1%. If we tell them we're not paying, will the agent keluar pattern and do something behind our back (like getting vendor to sign other OTP with other potential buyers who are willing to pay the 1%)?

no such rule, the rule is maximum they can get is 3%
but the "rule" is there to maximise their earning

well if the agent does something like tat, then let other buyer pay for the 1%, but the 1% or nego to 0.5% or a token sum also sign of good will la if you have been asking the agent to search for a particular unit that you prefer, then just pay them what is due

best is state clearly your intention in the 1st place, the 1% to agent does not happen in developer sales, only on the secondary market

We're looking for a subsale in a particular neighbourhood. We go through the ads placed by agents online, then contact the agents if a unit pops up. Every agent told us it's the rule here, unlike in KL where the vendors bear all the commission.

Asking them to look for a unit for us is meaningless as they will still end up recommending units we can see in online portals like propguru etc.

in tat case just tell the agent upfront, if they are ok without the 1%, u are ok to purchase that unit, so no need waste each other time, or on contrary if they manage to reduce the pricing of the vendor, then you pay them the 1%, since its subsale anyway

when was the last time u spoke to an agent, with the tariffs issue and all, jb market shud slow down a little

I recently just purchase a subsale without the 1% buyer fee

This post has been edited by rx330: May 3 2025, 10:36 AM

Just for information if no one knows about this.

It is illegal to collect 1% or whatever amount as buyer fees.

The practise in Johor and Penang is wrong. But this is something that the board unable to control about.

thanks for the info

so its 3% max from seller?

It is now buyer who has to pay the 1% Commission fee to the Agent, I thought the seller is paying 3% & SST to the agent?

Engage your own lawyer and ask agent to pass info to lawyer. Whatever payment go through lawyer

every state macam diff pattern
johor std is 2 % seller pay for sure, the 1% buyer depends

The rules from the board, 3% max can claim from seller.

But in certain cases that the seller is desperate to sell it and offering higher %, it's something that the board can't control over.

Afterall it's all base on mutual agreement only one la. You ok, he ok, no issue then.


Same like Johor Penang. If agent claim 1% from buyer also, it's all depends on mutual agreement only

thanks for the info

I personally never encounter seller offering higher, normally lower for those very high value sale

Condo
KL
Low density

No such thing exist with those criteria as developers in for max profit, min quality.