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Im looking to buy a resale house, seller actually asked for deposit of 10% deposit of the property value and said it is refundable if my mortgage loan is not approved, is the statement reliable?
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3 Answers

<en>Muhammad Shahrul Ridhwan</en> <en>Mehamad Nasir</en>
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This is where Real Estate Negotiator come's in handy. Usually for booking it's 3.18%, after that we will enter Mortage Loan (usually the agreement will state 21 days after booking has been transfered and signed). If it's not approved, the booking of 3.18% will be refunded. But when it's approved, you will need to pay the balance of 7.82% to your represented lawyer hence completed the deposit of 10%. Never give your money directly to the Owner without a lawyer consent and agreement. Feel free to contact me 017-265 7503  (Shah) if you got anymore inquiries. Maklumat lanjut
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Cindy Lum
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Hi, Sir/Madam. I'm Cindy from Propnex Realty. May I assist you to purchase your dream home either resale or new project. Kindly call or whatsapp me at 012-2828547  . Thanks Maklumat lanjut
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<en>Marilyn</en> <en>Khor</en>
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