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Make sure you are dealing with the owner of the property you are interested in or his authorized agent. If you are buying directly from a developer, make sure it has a valid licence. It is advisable to engage a solicitor to conduct a search on the property to
confirm ownership and perform a bankruptcy/winding-up search on the vendor....
confirm ownership and perform a bankruptcy/winding-up search on the vendor....
2) Seller’s Guide
You may wish to appoint the services of an estate agent. When your agent finds an interested buyer, a Letter of Offer will be prepared by your agent. The seller and buyer will sign separate Letter of Offers. The buyer would usually pay 3% of the purchase price as earnest deposit to his solicitor. His solicitor will then forward the earnest deposit to your solicitor. This is to ensure that the whole transaction is properly documented....
3) Foreigners’ Guide
You are allowed to acquire properties at minimum purchase price set by the respective state governments. The current minimum purchase price for most of the states are RM250,000.00. In the state of Selangor the price must be at least RM500,000.00 and in the state of Pahang the price must be at least RM700,000.00....
