The Purchase Process for First-Time Home Buyers
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Purchasing your own property is generally an exciting time. However, it could prove to be a daunting affair as there are likely to be many questions in your mind. Here, we try to help you out with a simplified but important step-by-step guide towards your property purchase.
On top of that, there is a 5% government tax and approximately RM500 to RM1,000 disbursement cost. The disbursement cost covers the following:
• Stamping of Sales's Purchase Agreement (RM10 per copy x 4)
• Bankruptcy / Winding up search
• Company search (if applicable)
• Land search (before preparation of the SPA & prior to the filing of the Form 14A at the Land Office)
• Registration of Transfer at Land Office
• Affirmation on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on
• the assignment.
• Stamping on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment
Transportation
• Printing / facsimile / telephone / photocopy charges
• Bankruptcy / Winding up search
• Company search (if applicable)
• Land search (before preparation of the SPA & prior to the filing of the Form 14A at the Land Office)
• Registration of Transfer at Land Office
• Affirmation on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on
• the assignment.
• Stamping on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment
Transportation
• Printing / facsimile / telephone / photocopy charges
Meanwhile for NEW PROJECT procedure, there would be slightly different. Should you require more info, feel free to contact Mr. William. 016-9322718
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