Re: Living in JB 3 (Johore)
Hiya all good people ,
May I trouble someone out there to share his/her simple chronology of events/time frame from getting house keys to actual moving in to stay in their new property in IM? M rather blur on this as from reading the various threads find that posts on such events are kinda scattered . Can't the owner just move in after getting the keys, after settling all the neccessary payments ? Many thanks in advance.
Right at the end, a sample of events and payment process.
Property Details : Double Storey Terrace House ( 4 rooms and 3 bath rooms)
Land Area : 35 X 80 Sq.Ft
Facility : 24 hours gated and guard
~ Purchase Price: RM 1,230,000-00
~ Property Maket Value : RM 1,200,000-00
~ Initial Deposit: RM 24,600-00 (2% of the selling price)
~ Available loan approve (Subject to customer document) : RM 960,000-00
~ Balance deposit: RM 98,400-00
What fee should I paid beside Deposit
~ Agent fee: RM 12,300-00 (1% of the selling price or RM 2,000 whichever is higher)
~ Lawyer fee, Stamp duty, Disbursement fee on:-
1) Sales purchase Agreement: RM 35,000 (Estimate)
2) Loan Agreement: RM 35,000 (Estimate, bank allow to finance loan agreement fee & subject to bank documentation fee)
3) State of Johor consent : RM 13,000
~ Valuation fee (All of the bank request to conduct): Not more than RM 2,000-00
Total need cash out : RM 319,300+-
Bank Loan Document request
Loan document is required for Employed:
1) I/C / Passport
2) Employment letter
3) Latest Pay Slip for past 3 months
4) Latest 3 months Bank Statement(Monthly salary credit to bank)
5) Latest Income Tax with tax receipt
6) Other bank saving account / Fixed deposit
7) Tenancy Agreement (if any)
8) Work Permit or PR Singapore
Loan document is required for self-employed/Partnership:
1) I/C
2) Certificate Business Registration
3) Partnership agreement (if any)
4) Certificate of Patrice for professional(if any)
5) Business Permit/License (if any)
6) Business Profile
7) Latest 6 months company Bank Statement
8) Latest 6 months personal Bank Statement
9) Income Tax for past 2 years with tax receipt
10) Other bank saving account / Fixed deposit
11) Latest Management Account profit and loss account
12 ) Tenancy Agreement (if any)
Loan document is required for Private and Public Limited Company:
1) I/C
2) Certified of true copy of Certificate of Incorporation
3) Certified of true copy of Memorandum & Articles of Association
4) Certified of true copy of latest Form 24, 44 & 49
5) Business Permit/License (if any)
6) Business Profile
7) Latest 6 months company Bank Statement
8) Income Tax for past 2 years with tax receipt
9) Other bank saving account / Fixed deposit
10) Tenancy Agreement (if any)
~ Estimate Monthly installment based on loan amount RM 960,000 = RM 4,695.00
* If Purchaser confirm the unit, need to paid 2% Deposit to the owner, after that proceed with loan application.
* Once loan approve, Property Agent will arrange purchase and owner sign Sales & Purchase agreement, Letter of Offer from Bank and Loan Agreement at Lawyer firm.
* Purchase need to balance differential amount to lawyer firm , and paid Lawyer fee,Stamp Duty & Disbursement fee on Sales & Purchase Agreement and Loan Agreement, Agent fee upon sign Agreement.
* one month later, Bank's Valuer will call purchase to paid valuation fee.
* 3 to 4 months later (Upon sign Agreement date) bank will release amount to owner.
* Owner will pass house keys to lawyer firm, Lawyer will call Purchase collect house keys.
I hope that the above will be of good assistance to you. Do not hesitate to call me at the number below should you have further enquiries.
