It can be a good idea to go house hunting out of high season. There are probably a few fewer homes to choose from, but in return, there is the opportunity to shop at a slightly lower price and with less stress in the form of other buyers who can sign up for the course.
In practice, it is probably limited how strategic you can be. You never know when your dream home will hit the market and if you are already a homeowner of Bandar Kinrara Puchong property for rent or a Puchong condo for sale, the home hunt will usually only start in earnest once the old home has been sold.
Are you looking for a condominium in Malaysia?
It can be a bit of a jungle to find your way around when you are on a house hunt in the capital. First of all, you need to find yourself some interesting homes, but it is important that you research them further.
It is recommended to get professional help from a housing lawyer when buying in Malaysia, who can advise you on essential matters at the apartment. In this way, you ensure a good home sale, where you are fully aware of what it is you are buying. We have put together three good tips that you can take to heart if you are looking at a condominium in Malaysia.
The difference between buying a condominium and a house
Basically, buying an apartment and a house works the same way. However, the difference that is not normally made status reports on condominiums. The reason behind this is that it will practically mean that a condition report must be made for the entire property and all the apartments in the building. In practice, it is an extensive and costly process, which is why condition reports are usually not made in connection with the purchaser/ sale of owner-occupied flats.
- However, one should be aware that when no condition report has been made, the insurance companies will not offer change of ownership insurance. This means that the seller is responsible for errors and omissions for 10 years. However, it is rare for the buyer to have a claim for defects completed, as it is often difficult in practice to complete.
Have the property inspected
As a housing lawyer, we recommend that you get a construction expert or craftsman to review the apartment for errors and omissions before signing the purchase agreement. It gives you an overview of the condition of the property and expected expenses for renovation and maintenance. You can use these factors to negotiate a possible price reduction, should it become relevant.
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