Things you Need to know When buying a Home.

 

Things you Need to know When buying a Home.

 

1. Purchasing purposes - to leave, to give rent, to make homestay, to invest for children and others.

 

2. House Types - Property can be divided into undercon (Housing Project), subsale, auction (Auction). This Auction House will not be described because it involves the right buyer who is interested and able. This includes freehold or leashold property status.

 

3. Advance Money - Future buyer should and must provide advance money. Seminima 10 % off Sale price. That does not include Legal, MOT and Insurance (MRTT or MLTT) fees. This money can also be obtained through EPF if needed.

 

4. Abilities in debt - This is more about qualification. Meet the Developer or Agent. First question to be asked how much salary or mon…

[8:13 AM, 4/30/2021] la viet e bella: Things You Need to Know When Selling a Home.

 

1. Sales purposes - to get profit (investment), to close debt or to reduce debt. Home age at least 5 years old for Housing projects. Whereas the case of auction and Property is the gift of other cases. Buy today sok can Sell.

 

2. Time period - Urgent or relaxing. If the House is about to enter the Auction category please put the price of bringing the market or the balance of debt only.

 

3. Market price - Estimated House market price can be known by History transaction method or Valuer bank. Most delighted through Mortgage Consultant. You just need to know the address, extensive, building specs and built up area.

 

4. Price offered - most beautiful to bring a little from market Value. If acax wants to put the MV level because I want to profit more. Can but will be closed for a long time.

 

5. Renovation - if there is a renovation please inform. Not all renovations will add Real Estate Value. Maximum 10-20 % of market value only. So I want to renovate it.

 

6. Copy of Grant - Have to keep one or ask for it from the ground office. Many have forgotten. If you've finished paying, you'll get a mortgage release. Let's buy undercon project time. The property number has not been received yet. So take your time to the ground office to update or do land search.

 

7. Sale and Purchase Agreement - This is the time to buy a house, you have to ask the developer or lawyer who manage the Seller after getting the key.

 

8. Door Tax & Land Tax - These two are different. Door tax paid at the Council while the Land Tax at the Land Office. Make sure to finish it.

 

9. Sell yourself or Registered Real Estate Agent - based on Act 242. Only Land Owner or Registered Realtor Agent Can conduct Buying Activities. Fee as much as 3 % will be applied after the New Sale Agreement sealed. Appointing Agents also have some kind of

Which is exclusive, sole agent, adhoc or COA. This will be explained in more details for the next session. This Real Estate Agent will ask to sign the Appointment Letter before executing the task.

 

10. RPGT / CKHT - This is the owner must be informed that the Real Estate Profit Tax will be applied. Depending on the % issued by LHDN. Easy Calculations, Selling Price - Buying Price - Legal Costs When Buying - renovation cost = Net produce X 5 % (estimated). But for 2021 there is an exception. If you don't have profit then you will be exempted.

 

11. Lawyer Owner - This is a lot of people who don't care because it involves costs. Lawyer for owners and buyers must be separated. Always Agent will advise owner to get lawyer for Real Estate involving high Values. This Lawyerx will take care of the interests of whoever elected him.

 

All of these processes affect the process of changing Land property and Buying matters. No matter how all this process can be given to lawyer to suit. But the cost of law will increase. 🤗

 

Hope that with this partnership can slightly open your mind who wants to sell Your Property.

 

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