You’ve finally found a property to purchase! Before you pop open the champagne though, there’s one thing left to do – the closing. It is a somewhat complicated and rigid process involving the transaction of documents and money so that you as the buyer can get the ownership transferred and possession of the property with no strings attached to the seller. In Malaysia, it typically takes around three...
Making an offer on a property in Malaysia isn’t just about telling the seller how much you are willing to pay for it. You also need solid negotiation skills, an understanding of the process and knowing your limits. Having a good real estate agent on your side can make the biggest difference to your offer and peace of mind. Work with your...
For first-time home buyers, the process of getting a mortgage in Malaysia may seem as intimidating as choosing the property itself. Not only are you making arguably the biggest financial commitment of your life, but you will also be dealing with a ton of legal paperwork and bank officers spewing strange words like “flexi-loan” and “lock-in period” at you. However, once you understand the mortgage...
Here’s something they should teach in college but don’t: how much money do you need to buy a house in Malaysia? Many first-time homebuyers sign on the dotted line when they feel they can afford the monthly loan payments without being aware that that is just the tip of the housing costs iceberg. This can seriously jeopardise their financial stability. As a Malaysian aspiring to buy a house, here are the...
Buying a house will probably be the biggest purchase of your life. Making the leap to be a homeowner is an exciting yet daunting experience. The process can be overwhelming if you don’t know what to do. To help you get started, we’ll explore how you can buy a home in 7 steps in Malaysia. Step 1: Check your budget Before you do anything else, work out if you can afford a house in the first place. In...
Crowdfunding has been gaining more attention these past few years thanks to sites like Kickstarter and real estate crowdfunding is no different. Nonetheless, it is still a relatively new term on the Malaysian market and locals have been questioning the benefits of this venture. Here are 8 reasons to consider Property Crowdfunding: Low minimum investments - Buying a property generally requires a...
Buying your first home can be as scary as stepping out of an airplane and freefalling 10,000 feet into the unknown. It’s really tempting to grab the first place within your budget, continue to rent or stay with your parents. To help you to understand the process, we’ll examine what goes on before, during and after the buying process. Before Buying Do Your Homework. Before you do...
Due to the flat property market in Malaysia and the increase properties for sale, there is an abundance of options for buyers right now, so how does one find the right property for them? Here are some things to look out for whether you’re looking for a home or for a piece of investment: Location Look for locations that suit your needs. Would you want to live in the outskirts and...