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Property Buying and Selling Guideline in Malaysia
Buying and Selling Guideline
1 |
- Pay booking fee 3%
- Receipt will be given to buyers upon paying booking fee.
- Sign Letter Of Offer / acceptance.
- Booking Fee is forfeitable if purchaser abort the transaction.
- The seller has to double pay the booking fee if the seller decide not to sell the said property.
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2 |
- Pay 7% balance of 10% of the sale price upon signing Sale & Purchase Agreement and 14 days after signing Letter Of Offer / acceptance.
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3 |
- The date of Settlement of outstanding balance can be discuss by both party before signing Sale and Purchase Agreement
- Normally, the buyer will be given 3 month to settle outstanding balance after execution of the sale and purchase agreement.
- The buyer can request extend for one month. Within this one month, the buyer has to pay interest calculated per day
- In the event that the consent has to obtain from the relevant government authorities (Leasehold/Malay reserve/Some of Freehold) or Developer (for master title) and/or issuance of certificated of Fitness, Settlement period are count on date receipt of consent.
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4 |
- The property would be given upon full payment.
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