When do you have to pay these legal costs

[sumaiyakhatun29]

Roughly speaking, you need to prepare around 13%-14% of the house price to pay the purchase cost, if you are a first-time home buyer. If you are buying a second home, around 15%-16% . Note: the cost of buying a second home is higher because there is no stamp duty discount. So what are the costs involved? There are three main ones: 1) Deposit The house deposit is 10% of the purchase price.


When you agree to buy the house, you will pay a 3% reservation denmark whatsapp database fee to the real estate agency or lawyer as trustee. Once the loan is approved, you will sign the sale and purchase agreement and pay the remaining 7%, making the total 10%. real estate consultant course 2) Legal Costs and Stamp Duty of Sale and Purchase Agreement You also need to prepare cash of 3% - 5% of the purchase price to pay legal costs and stamp duty for the sale and purchase agreement.


When the loan is approved and you appoint a lawyer to draw up the sale and purchase agreement, they will usually ask for a deposit of around RM 300 - RM500. You will need to settle the remaining legal costs after the sale and purchase agreement is signed and stamped. 3) Other Costs Apart from the legal costs and stamp duty on the sale and purchase agreement, you also have several other costs, namely the legal costs and stamp duty on the loan agreement, MRTT insurance and home valuation costs.