What is hidden cost in auction? Outstanding Quit Rent, Assessment Fees, Maintenance Fees, Sinking Fund, Insurance Premium & Late Charges Lawyer Fees to do Memorandum of Transfer (MOT), MOT stamp duty for 1st transfer, MOT stamp duty for 2nd transfer and processing fees to developer or liquidator. Outstanding Utilities Bills such as Electricity, Water, and Sewerage …
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What is caveat? A caveat means to stop a property from being transfer of ownership because the person who register the caveat on the property has an interest. How to caveat? Go to land office, fill up a form and to provide supporting document to proof you have an interest in the property then…
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The different process in purchasing property It is unlikely to lose your deposit paid upon signing Sales & Purchase Agreement (SPA) when you purchase a property from primary or secondary market. It is because before you sign SPA, your application of mortgage loan usually has been approved. If it is not or margin of finance…
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https://www.youtube.com/watch?v=dbcqYhCDh6k&list=WL&index=47&t=0s I hope you enjoy it and have some Idea of what is auction after watching the video above but please do not be mistaken of the luxury environment, dress code, champagne, and necklace being auction. The thing which is similar is there will be a person (auctioneer) behind a stand with a hammer, who will be…
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For Individual Bidder Original Identification Card (I/C), and photocopy of I/C Bank Draft / Cashier’s Order with amount of 10% of the reserve price payable to respective bank, as stated in Proclamation Of Sale (POS) An Authorisation Letter if someone is bidding for you on behalf For Company Bidder Original Identification Card (I/C) and photocopy of…
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