What to do Before Buying A Property?

Before you buy…

1.    SPOT THE LOCATION

         Choose a location that you love. Look at the surrounding environment close to the property carefully.

       

2.   ENGAGE A PROPERTY AGENT

       Engage a reliable property agent who is registered with the Board of Valuers, Appraisers and Estate Agents Malaysia.

     

3.   INSPECTION OF PROPERTY

       Inspect and take photographs of the conditions of the property.

       Prepare a list of fixture and fittings (if any) and attached to the offer letter.

4.   ENGAGE A LAWYER WITH 3Rs

  • Engage a responsible, reliable and responsive lawyer to review the terms stated in the offer letter before you sign and to process your Sale and Purchase Agreement and Loan Documentation;
  • Get your OWN lawyer to act for your best interest. It is NOT ADVISABLE to use ONE(1) lawyer for the seller and the buyer.

5.    LOAN APPROVED & PLAN PAYMENT

  • Buy with Loan: Apply and get your housing loan approved and get ready with the cash difference between loan and purchase price;
  • Buy with Cash: Get ready with enough cash

The contents of this article do not constitute legal or other professional advice or an opinion of any kind. It is provided for general information purposes only. 

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By Chloe Lim & Carmen Leong