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- Purchase procedure guide
Purchase procedure guide
When purchasing overseas property, the most common type is pre-built (new construction). Since these projects are developed for the future, they offer growth potential and aspirational value. Payments are made progressively according to construction milestones, which helps ease financial pressure.
As a purchase step:
★Step 1. Preliminary survey
When purchasing overseas property, the most difficult or often overlooked aspect is risk; even with progressive payments, unreliable developers may sell properties to foreigners at prices far above market value, face financial difficulties leading to construction halts or bankruptcy, deliver homes with numerous defects, or leave buyers struggling with title registration issues even ten years after completion; that’s why local agents who know the market and conduct on-site inspections are essential, and companies with long experience in property management are particularly valuable since they understand developers’ reputations and the real outcomes of past projects, providing crucial guidance for safe investment decisions.
★Step 2. Property tour
When visiting a property, one of the purposes is to confirm the agent company in charge. It usually takes several years to complete, so it is very important to have the agent company provide empathetic support to avoid future troubles. In addition, there is a big difference in support after completion depending on whether or not you have experience.
★Step 3.
Normally, the pre-build fee is about 10,000 ringgit. Even if you sign the booking and take care of it, if you change your mind within a week or two, there is still time to cancel. If you have any doubts, it's a good idea to repeat steps 1 and 2 above.
★Step 4. Contract
In the case of embassy authentication, make an appointment to visit the Malaysian embassy in your country, bring the contract documents mailed from Malaysia to the Malaysian embassy, sign in front of the embassy staff, then send the documents to Malaysia mail it to
★Step 5. Payment
After signing the contract, it is common to pay 10% of the property price, and after that, we will pay according to the progress of the construction. This period will take 2-5 years. At this stage, agent companies are disappearing one after another, so it is recommended that the purchaser himself secures a contact route with the developer.
★Step 6. Delivery and property management
It is good to have a solid management company manage not only the investment property but also the second home that you plan to use from time to time. In Malaysia, where humidity is high, mold can grow on furniture and building defects can cause major damage to properties.
Over 10 years of sales and management experience in MalaysiaTOMORROW Groupas well asaqua white homemeets the diverse needs of owners. Please feel free to contact us about real estate, no matter how small.
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