Tuesday, June 16, 2009

...of Legal Fees, Stamp Duty, SPA, DA, $$$ and the whole 9 yards....

Just had a first appointment with the lawyer today. Gotta get the whole legal part of the purchase done. Had a chat with the guy - looks like a decent enough lawyer and law firm, recommended by Steven's uncle... so, it'll be him then. Hope he doesn't screw up the whole thing *fingers crossed*

Now, the scary part....

LEGAL FEE
Sales & Purchase Agreement (SPA) = RM1,587.20 (36% discounted, originally RM2,480)
Deed of Assignment (DA) = RM200.00
5% Government Tax = RM134.00

Total Legal Fee = RM1,921.20

DISBURSEMENT (estimate)
SPA Stamping Fee = RM40.00
DA Stamping (transfer ownership) = RM4,800.00
DA x 3 copies = RM30.00
Land Search x 2 = RM60.00
Misc. (running fees, transport fees, etc) = RM350.00

Total Disbursement cost = RM5,280.00

TOTAL COST (estimate) = RM7,201.20!!!!! (reasonale rite?)

Scary.....

Next up.... LOAN SHOPPING!

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