this is the 1st time i am buying a condo unit without going through a real estate agent. I have viewed a unit and quite like it. So the guy who claimed to be the owner's friend acted as a middleman between me and the onwer (i never met the owner). i asked some info about;

- Whether the MOT has been done (to transfer from original land owner to the current unit owner)
- the strata title no., so that i can do a land search on it before the bank's lawyer do it.

but this guy kinda refuse to give me those info claiming i should give the 2% to my S&P agreement's lawyer as a stakeholder. He said i should do that 1st to kickstart the whole process and getting the info from him.

The process:
- i am suppose to pay 2% (from the selling price) to my lawyer.
- The lawyer will write to the owner the letter of intend
- If the owner accept, then the lawyer will prepare the S&P agreement
- I will need to pay 8% upon signing the S&P.
- Within 3 month, the remaining margin of finance (90%) will be disbursed to the owner once i got the loan application approved.
- And i will take vacant possesion.

So, the questions i am asking are, am i risking the 2% booking fee being forfeited eventhough i am only paying to the lawyer? can i ask for a full refund if decide to not to proceed?

hope u all can shed me some light, thanks.

This post has been edited by SowYau: Oct 10 2008, 12:01 PM