Cost of Selling Property Charged by Seller’s Lawyer in Malaysia 2010

Sumber:http://www.horlic.com/cost-of-selling-property-charged-by-seller’s-lawyer-in-malaysia-2010/
How much is the seller’s lawyer charges for selling a property in Malaysia? It’s important for seller to know about all the charges in order to calculate the cost of selling property precisely.
For easier understanding, I have requested an quotation from my lawyer on the legal fees and other charges of selling a condominium in PJ, freehold, bought direct from property developer, selling price at RM380,000, master title, and etc.. Example:
Legal Fees
(According to the Solicitors’ Remuneration Order 2006)
To our professional charges in the preparation of the Sale and Purchase Agreement, in taking your instructions in respect of the said matter, to all attendances, consultations, correspondences and miscellaneous work incidental thereto (Purchase Price of RM380,000)
1% for the first RM150,000 – [RM1,500]
0.7% for the next RM230,000 – [RM1,610]
Others:
Deed of Receipt and Reassignment – [RM400]
CKHT 1A per Vendor – [RM300]
5% Service Tax – [RM190.50]

Disbursements
Stamping of Receipt and Reassignment, RM10 @4 copies – [RM40]
Purchase of Deed of Receipt & Reassignment from CIMB – [RM200]
Registration of Receipt and Reassignment at the High Court of Malaya – [RM80]
Traveling (inclusive of trips to and from Stamp Office for stamping of documents, etc. and all hand deliveries to and from Developer’s Office and Financier for redemption process, Lembaga Hasil Dalam Negeri and Commissioner for Oaths and all hand deliveries and collection from third parties to expedite matters – [RM200]
Stationery and Printing – [RM100]
Facsimile, Telephone, Courier, Postage – [RM100]

Summary
Total: RM4,720.50
Discount: RM933.00
Net Total: RM3,787.50
I hope this costing example may help first time home seller here to have better and clearer picture on the charges from your lawyer when you are going to sell your house in future.

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Information & Documents Needed by Seller’s Lawyer for Selling a House in Malaysia

Sumber:http://www.horlic.com/information-documents-needed-by-seller’s-lawyer-for-selling-a-house-in-malaysia/
What are the procedures of selling a house in Malaysia? If this is your first time to sell a house, then you should appoint a lawyer representing you to handle and ensures all the proper selling property procedures are in order, accordingly.
It doesn’t make sense to save the few thousand legal fees and putting you into the risk of a deal involving easily hundred thousand, agree?
After you have appointed your own lawyer, prepare the following information and documents immediately for them to proceed the selling process:A copy of the “Offer to Purchase”
A complete set of your “Principal Sale and Purchase Agreement”
The copies of your current loan documentations (“Loan Agreement”, “Deed of Assignment” and “Power of Attorney”)
Your income tax number and serving branch
The latest “Assessment Receipt”
The latest statement of accounts from the Joint Management Body/the Developer
A clear copy of your NRIC
Your housing loan account number and the address of the branch
A latest statement on the housing loan account, revealing that the Redemption Sum does not exceed the balance 90% of the Purchase Price

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