Hello,

I'm going to buy a condo, and I'm a total idiot in this area. Are there any buying guides for idiots like me? Any websites? Articles? Etc?

Let me know, thanks!

Well, thanks for the info.

I know where to find the condos, etc, but to decide on one, what kinda factors should I really look into? What bout the financing? Which bank has the best loan, etc... That kinda information

It's for own-stay... My first one, to be lived in after the wedding...

What bout the following terms?

BLR?
OC?

What is the range for the following normally?

Lawyer fees?
Interest rate?
Loan years?

(like I said, I'm a noob)

Thanks for the lengthy but VERY INFORMATIVE reply! It really helps... I guess my next step is to do some research on which loan is the best for me.

Here are more questions:

1. I've always thought that 10% is the fixed down payment, but now, I'm hearing that it varies. Which is true? I'm eyeing on a used condo, so does that apply?

2. What do you think of a used condo? It's 10yrs old now, and it has a lease hold of 99yrs. Any concerns if I don't plan to live there more than 10yrs?

3. What are the factors that one will look for when it comes to a used condo? For me, in no particular order, it's the maintenance of the condo, cleanliness of the unit, furniture, facilities, density, traffic jam, location (to work, common places), etc. What about you?

4. What is the average price for a 900sq unit in Penang? I know, it varies lots, but I just wanna see the range. I didn't do much research on this. Kinda fell in love with the first unit I saw :$

5. I would appreciate any other important information... Thanks!

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Added on February 16, 2009, 9:33 pm6. What is ZEC (Zero Entry Cost)?

7. What is EPA?

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Added on February 16, 2009, 9:34 pm8. What is MRTA?

This post has been edited by TuX: Feb 16 2009, 09:34 PM