Options – Getting Started & Next Steps

A Guide to Buying a House in Malaysia You will find that buying a house in Malaysia is a structured but straightforward process which is governed by the real estate legislation of the country. It is not that simple since you will be needing certifications and a lot of paperwork. IF you want to buy a house in Malaysia, it is an advantage to their laws, and it is also helpful to have a good qualified real estate agent to represent you. If you are hiring a real estate agent, make sure he will be able to show many properties to you and to get the best deal for your money. You should go and visit as many properties as possible that will fit within your budget and make a short list of the properties that you like. So, after making your short list, there are other things to consider to pinpoint the best house to buy. It is important that the house has a valid permit for sale and advertisements so you need to check this out. Housing developers are required by government to have this. They should provide the buyer with a complimentary brochure that gives you all the necessary information about the house for sale. If this criteria is not satisfied, then you should cross this house out from your list.
Short Course on Options – Covering The Basics
The type of house you are looking at is also an important consideration. In Malaysia, the date of completion for terrace houses, semi-detached houses, and bungalows, is two year from the date on which the sales agreement is signed. And, if you want to buy a town house, a flat, or a condominium, then the completion date should be three years prior to signing the sales agreement.
The Beginner’s Guide to Houses
The land status of the house should also be verified. It can be on free hold land, on Malay reserve land, or on lease hold land. It is important to know how many years are left on it if it is on lease hold land. All these vital information should be included in the free brochures provided by developers. It should contain information about the license number and its date of expiry, the sales, and advertisement permit and its expiry date, land status, and other relevant information. Missing information on the brochure should be rectified by the developer or else you should remove the house from your list. In Malaysian real estate law, the buyer hands over the first payment upon signing the agreement. The date of the first payment should be the same as the date of the signing of the sales agreement. Do not give payment to a developer if the agreement is not yet signed. A certified engineer or a qualified architect should give certification for the house. A demand of payment by the developer should be accompanied by a duly signed certificate. You should not make any payment without this certification.