hi,any one know how much the legal fees for house at RM210k??

thanks....

this is for new purchase or refinancing?

\
2nd house,free hold,new purchase...2 storey house

legal fees is around 1920. on top of that there is a 5% govt tax, then stamp duty, which costs a bomb. stamp duty is 3200, but you might be eligible for the 50% discount being offered by lhdn, meaning you pay 1600 only.

on top of that, there are other charges, like stamping of the s&p, which is rm10 per copy, registration at the land office title search etc.

it is good to have an idea of what the fees is, and how its calculated, so you dont get cheated. so many cases of lawyers cheating out there.

so cheap??why my lawyer quote me RM 2800,and he say the fees already less about 40%..???

ya,the stamp duty less 50%,i pay RM 1600.

S&P = 21k
NON ZMC = RM 10772.65
ZMC = RM 3016
Rizal
Mortgage planner
(AIA + 5 Major Bank)
019-611 5974

for the non zero moving cost
you need to pay
for the
valuer
loan agreement
mot
stamp duty

this is the amount that you need to prepare if you take the non ZMC

Even firm has different pricing.

Are you sure?
Valuation report normally only cost a few hundred.
S&P and loan agreement basically cost around the same price. Thus If conservatively calculate everything, it only adds up to RM7k - 8k max.
Why would S&P cost RM21k?! Which cut throat lawyer?

---

Added on August 12, 2008, 7:29 pmDifferent pricing comes from the "Misc. charges" they charged. Else the common fees are quite standardize according to property (S&P) and loan (FI's mortgage loan) value.

Are you sure?
Valuation report normally only cost a few hundred.
S&P and loan agreement basically cost around the same price. Thus If conservatively calculate everything, it only adds up to RM7k - 8k max.
Why would S&P cost RM21k?! Which cut throat lawyer?

---

Added on August 12, 2008, 7:29 pmDifferent pricing comes from the "Misc. charges" they charged. Else the common fees are quite standardize according to property (S&P) and loan (FI's mortgage loan) value.

the S&P rm21k is the 10% deposit
not the lawyer fee,

that is the amount u need to prepare to buying a house
it consider wasteful l8r need to take personal loan or credit card

let's stick to the S&P question, for a 210K property, all in for the fees (after discount of 30%) n stamp duty n other charges, should be around 6K or less.

rico, you are just confusing everyone. i think even you don't understand some of the things you are typing.

BZR101, the fees is still a bit high. should be able to go down a bit more.

ha ha ha 
this is how the lawyer will confuse you 
the misc charges is up to the laywer, here is where they can raise the price or discount to you

= (legal fee + misc charges/disbursment) + (stamp duty)
= (1920+ 880) + (1600)

RM 4400 is consider ok

FIRM A
1.  Preparation of Memorandum of Transfer                                  = 1605
2.  Preparation of Private Caveat/Withdrawal of Private Caveat for  = 350
      Personal
3.  Preparation of Borang I                                                          = 50

Disbursements:-

1. Stamp Duty on Sale and Purchase Agreement                            = 40
2. Stamp Duty on Memorandum of Transfer (after 50%)                  = 1150
3. Adjudication fee on Memorandum of Transfer                              = 10
4. Registration Fee on Memorandum of Transfer                              = 250
5. Registration Fee for Entry of Private Caveat                                = 150
6. Registration Fee for Withdrawal of Private Caveat                        = 100
7. Land search                                                                              = 120
8. Bankruptcy searches                                                                = 80
9.  Affirming fee for Statutory Declaration                                      = 30
10. Travelling expenses                                                                = 50
11. Telephone, Fax  & Courier charges                                            = 80
12. Miscellaneous                                                                          = 50
13. 5% Government Tax                                                                = 100.25

TOTAL                                                                                          = 4215.25

FIRM B
Transfer on property                          = 1,605.00 
Service Tax 5%                        = 80.25 
     
Disbursement     
Title Search                        = 80.00 
Adjudication                        = 10.00 
Stamp Duty on Sale & Purchase Agreement        = 40.00 
Stamp Duty on Deed of Assignment & Copies (before 50%)                = 2,330.00 
Travelling          = 50.00 
Printing, Postages & Telephone                                                      = 50.00 
Miscellanous          = 50.00
Total:          = 4,295.25

Tumpang thread, need to purchase a 2nd hand condo cost 165k.

I got 2 different quotations from 2 firms, just wonder why are some items are different.
Let's ignore the stamping duty as 1 is before 50%, another is after 50%.

1) Can i know why 1 is transfer of property, another 1 is MOT? If both are the same things, why FIRM A got charge those adjustcation fee and registration fee of MOT while FIRM B not?
2) Can i know why FIRM A got charge for private caveat while FIRM B no?

Thanks.