Asked by Jimmy Wong
I’m currently having a joint spa name with my brother for a condo in Cheras but the housing loan is under my name only.
Due to need for own planning after marriage, I intend to sell this condo to my sister-in-law since my brother’s financial record is not good due to economic impact.
I understand I can’t perform refinance as I’m not selling the property to my brother but sister-in-law.
Hence, would like to know the best option to perform this transaction with minimum upfront cost to offload the burden for sister-in-law and brother, at the same time retrieve the fair money return for my 50% share from this property.
Appreciate your advice.
Thanks.
Due to need for own planning after marriage, I intend to sell this condo to my sister-in-law since my brother’s financial record is not good due to economic impact.
I understand I can’t perform refinance as I’m not selling the property to my brother but sister-in-law.
Hence, would like to know the best option to perform this transaction with minimum upfront cost to offload the burden for sister-in-law and brother, at the same time retrieve the fair money return for my 50% share from this property.
Appreciate your advice.
Thanks.
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