Bros who are buying subsale, please do be reminded that you should get your own lawyer and different from the one representing the seller. Even if it costs more.
That way, the lawyer will act in your best interest. Also, there are people who wants the 10% before state consent. State consent is normally granted after a few months but could take a while, 2-4 months typically and some sellers could be needing money before that hence there are some who asks for 10% prior to the state consent.
This is not that rare a request but best to get everything documented in black and white before you commit.
1. If a seller persists in delaying signing the S&P, its a bad sign.
2. If an agent offers to return you your cheque the very next day.
3. Always appoint your own lawyer even if it costs you more. Do not listen to agents asking you to use theirs or
only theirs can handle it.
4. Soft negotiations can be done sometimes, instead of disbursing 10%, ask for 5% or the right to move in early
to the house.
5. Where a deal goes south or even after a deal concludes well, you have the right to ask for a discount from the
lawyers if you find that the service was tardy or slow.
6. Don't be afraid to seek legal advice, there are reputable ones such as Syed Alwi, Ng & Co*.
7. Where possible, buy direct from developer or from direct owners if you really cannot get it direct.
8. Agents* should normally only be getting the comms direct from the seller unless somehow that agent saved you
a ton of money.
*Wuqi256 is not in any way related to agents or any law firms.
Thanks for the advice Wuqi. I felt a rat when this Malaysian Sri Lankan wanted ten per cent of my son's deposit before the state approval. He is either desperate for money or just one of the unscrupolous seller to his property at ## Jalan Penggiran 4/2 Horizon Hills. All brothers and sisters take heed of the advice and be careful when you are asked for the ten per cent before the state approval. It will put you in significant risk. I am just glad we managed to get back all the deposit minus the legal fees. Thanks for the advice from 1 to 8 Wuqi. It was a blessing that the sale of the property was aborted as I had advised my son against such unethical and unauthodox practise demanded by the seller. Just to highlight this unfortunate incident so that brothers and sisters out there won't be conned.