Do let me know if you are keen to purchase a second hand house in KL and Klang Valley. I am a licensed agent David Wong (E2097)
0193330573
.
Once you have identified a house and negotiated an agreed price from us as an agent we will be able to advise the following steps:-
1. Issue a Letter of Offer (LO) to be signed by purchaser and then the owner. An earnest deposit of up to 3% of the SPA price needs to be paid to the licensed agency as stakeholder.
2. With the LO and the copy of the title deed you may apply for your bank loan prior to the drafting of the Sale & Purchase Agreement within 14 working days from acceptance of offer. You may seek assistance from a mortgage broker who will be able to assist you to apply loans a with a few banks.
2. Within 14 working days, a Sale & Purchase Agreement (SPA) will have to be drafted by your lawyer (it is more convenient to use the same bank loan lawyer although it is not a must). Upon signing of SPA you are to pay a total of 10% of the SPA price (the 3% included).
3. The SPA will allow you 3 months + 1 month to settle the balance purchase price of 90% from the SPA date (if the property is freehold) and 3 months +1 month period from the date of consent from the Land Office (if the property is leasehold).
4. Once your bank loan is drawn down and the balance purchase price is paid to the Seller, you will take vacant possession of the property to be advised by your own lawyer. All outstanding quit rent, assessment bills and service charges/sinking fund will be apportioned to be paid by both Purchaser and Seller based on the cut off date.
5. The Purchaser and Seller to inform the relevant local authorities of the change of name and apply new utilities accounts (for purchaser) and terminate accounts (by Seller).
Hope the above helps you.
David Wong (E2097)
Foreward Realty Sdn Bhd - E(1)1909
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