Jan 30 2008, 01:06 PM
QUOTE(meejawa @ Jan 30 2008, 10:19 AM)
If the title is out, normally ppl will sell it off to avoid paying for the transfer (Investment property). But if the buyer knows this, he/she will insist on you paying first before signing the SnP (or caveat in SnP that the title is fully paid off). 
It's interesting the example you provided. I have a condo in KLCC area, which a foreigner (Iranian) was interested in. The strata is not out yet (condo takes many years for this as you know), so there's no issue of title transfer. But at the last minute he backed off, so he forfeited the 2% booking fees (the SnP wasn't signed yet, too bad
).
Yalorr...after so much trouble i went thru to avoid the transfer...sniff sniff. But i guess goodnews for me in a way...i demanded that the buyer pay half of my stamp duty which she did It's interesting the example you provided. I have a condo in KLCC area, which a foreigner (Iranian) was interested in. The strata is not out yet (condo takes many years for this as you know), so there's no issue of title transfer. But at the last minute he backed off, so he forfeited the 2% booking fees (the SnP wasn't signed yet, too bad
).
And lucky u too...u got the 2%... I was calling my house my lucky stars...imagine if we get buyers like this every few months 
Nah..thats day dreaming..
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