Asked by Anonymous
What is cash back when buying properties ?
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1 Answer
It's a form of rebate from the developer after assisting a purchaser to obtain a higher margin of loan above their discounted sales price. It's actually your own money or money borrowed from the bank by you as a borrower.
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p***@yahoo.com.auRepliedWe are considering paying cash for a property, in KL. They are offering cashback that is around 39% of asking price. Please explain how this works