BUY & SELL OF REAL ESTATE
BUYING REAL ESTATE IN MALAYSIA
We will be your real estate partner in assisting you to find the ideal property. We have been assisting many buyers in finding their ideal property and thanks to them , we have amass vast experience in real estate market in KL together with realtors from other agencies to make property purchase a smooth process for the buyer.
Our services does not end after finding the right property. We also assist in:
Proposing Solicitor for Sale and Purchase Agreement
PROCESS OF BUYING REAL ESTATE FOR FOREIGNERS
Property hunting with minimum property price of MYR 1 mil
Upon signing SPA,to pay balance 7% to the stakeholder
Upon confirmation, place a deposit of 3% of the property price to stakeholder
For cash purchase, can proceed to sign SPA within 21 working days
The purchaser will appoint a solicitor for the preparation of Sale and Purchase Agreement
For buying with loan, Purchaser is to apply and secure a loan within 21 working days and to sign the SPA
The solicitor will submit an application to obtain the state consent to purchase properly
Once the consent is obtained, transfer of ownership will be initiated
Upon successful transfer of ownership, the balance of 90% will be disbursed to the vendor either by cash or loan
PROCESS OF BUYING REAL ESTATE FOR MALAYSIANS
The process of buying real estate for Malaysian are the same, except you do not have to get the state consent and the process will be faster in comparison with foreigner buying.
SELLING REAL ESTATES IN MALAYSIA
Selling Real Estate can be a nightmare if one is not familiar with the market or the agent you are dealing with are not taking your unit seriously.
Before appointing us to be your real estate partner, please understand that we will need to:
Visit the unit in the shoe of the buyer
Value your properties with few bankers
Research the Area
Compare your unit with current units available in the market
FIVE TYPES OF REAL ESTATE AGENCY APPOINTMENTS
When an estate agent is contracted to act on the behalf of a client. The client may make the introductions to the property but will leave closing of the transaction to the estate agent. Fees between the two are settled in private and the client must pay the estate agent the agreed fee even if the estate agent was not the cause of the transaction.
This is similar to the Exclusive Agency however, the client reserves the right to close the deal himself and is thus not obligated to pay the estate agent the full fee. To circumvent this, usually an allowance for a discount in fees is established should the client choose to take an active role in the transaction.
SOLE JOINT AGENCY
The estate agent and the client work together as a team and the fee is divided on whatever was agreed prior. The client however, can hire and compensate additional estate agents if he so chooses or have one estate agent in control.
More than one estate agent is appointed but only the agent who closes the deal gets paid. Number of agents that can be appointed is limited though and each must be aware of the appointment of their counterparts.
AD HOC BASIS
Also known as ‘open listing’, the number of estate agents the client can engage is unlimited as this is on an ad hoc basis and fees are only paid should there be a successful conclusion of the transaction.