ASKING SEAN

Рет қаралды 14,392

10 ай бұрын

Link to join my team in property investment club: bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: wa.link/0ea7rb
This audience clearly demonstrated why I do not encourage first time home buyers to go for auction unit. It's because of the hidden clauses and complications that will burn your upfront deposit. Luckily this audience had awesome parents to back her up, if not her 10% would just be burnt.

Пікірлер: 39

@All-gp3tt 10 ай бұрын

Malaysia auction property rules need to change, otherwise what is the purpose of auction! If the first owner already default, and the property is on auction block, he has no recourse.

@JCDeltaJason 10 ай бұрын

so She fully paid the property with her parent's help and then refinance out the money repaid back to her parent? wow...

@makasaro 6 ай бұрын

Moral of the story: 1) Be rich 2) If cannot, have rich family

@marcuschan5664 10 ай бұрын

Fantastic breakdown. Thumbs up, Sean!

@Sllee93 10 ай бұрын

Thanks Sean. This is a very very educational video. I am now even more reassured that auction is not for me. 🙏🏻

@javenchong1712 Ай бұрын

Wait im confused. Meaning she paying 1000 monthly to her parent since they paid the 90% ?

@ericlai3221 10 ай бұрын

great info

@ylihao 10 ай бұрын

Thousand Miles t-shirt!!! Also, Era buying Aera Residence, dunno issit coincidence lol

@tanhaujian9047 10 ай бұрын

Nice watch

@rafiqmuhamad8251 10 ай бұрын

Very nice video. Can you also share your thought on bulk purchasing, what are the risks involve.

@yaohun 10 ай бұрын

if u blindly follow, guru bring u go holland... 🤣

@phynecia 4 ай бұрын

Hi wondering if confirmed with developer，the strata title has been issued and developer agree provide consent for transferring. Will it be safe?

@Edward-kv8re 10 ай бұрын

congrats

@ngukchineu2959 7 ай бұрын

May I know, if the auction property is now still under master title, will it affect the MOT process in above case and delay the whole signing of agreements? Cause the developer still undecided whether is direct transfer or double transfer. Appreciate your feedback, TQ.

@iherng 7 ай бұрын

Yes it will!! Great question. This is entirely up to the developer since it’s still under master title and their consent is required.

@farhan597 Ай бұрын

Doesn't make sense for the 10% of down payment to be burned though? Since it is drafted and confirmed. Why can't the bank wait for it? Considering got bank draft already 10% meaning to say the person is eligible and most likely pass the remaining of 90% (RM266K). The confusing part of this video is that this never get explained. Does this mean that the parents fork out the full amount then wait for the loan to be approved? then the loan amount is paid to the parents back? then Era just continued paying monthly installments to the bank? need some clarifications here

@axzae 10 ай бұрын

@iherng, the story for the title is not fully explained. so after the parent paid the remaining balance, isnt that the title is still hanging in the balance between the developer attempting to transfer to the original buyer? how can she eventually get the title in this case?

@JCDeltaJason 10 ай бұрын

she will need to fully settle it or get loan before certain time flame given by the auction site(bank?), coz double transfer took time if bank cant wait, then it will lead to 10% deposit burned. since she got her parent's help to settle the remaining 90%+other fees, she got the title maybe after few months and got the ownership.

@Sllee93 10 ай бұрын

Yeap that’s right…so meaning her parents replace the bank and miss era no longer needs a bank loan

@axzae 10 ай бұрын

@@Sllee93 well, my question care very little on who gets paid. my concern is the title. if developer insisted on transferring the title to the original owner, can the original owner refuse to handover the title to the auction winner?

@JCDeltaJason 10 ай бұрын

@@axzae technically... the owner no longer owned the property. and title usually hold by bank if under loan. so...

@axzae 10 ай бұрын

@@JCDeltaJason then i dont really understand the risk of the bank for not issuing a loan other than they just trying to argue on legal technicality

@mail2fong 10 ай бұрын

Money Makes the Mare Go🙂

@Eugenewong794 10 ай бұрын

Is it possible to confirm whether the unit requires double transfer or direct transfer before putting deposit? also what is private caveat, read article on property guru, still dont understand

@iherng 10 ай бұрын

For eg, if I register a private caveat on your property, you will need my consent/permission if you wish to sell the property.

@yaohun 10 ай бұрын

Some of the agents got the info on hand, including if the bank will cover any maintenance fee owed...else probably need to check with the bank. Private caveat is where a 3rd party went to acquire a legal notice to claim that property as they might have paid deposit to the current owner for it... to protect their interest.

@JCDeltaJason 10 ай бұрын

u can only confirm by direct calling the project's developer office if the unit can direct transfer or only allowed double transfer

@BF_official_my 10 ай бұрын

@@JCDeltaJasonwow so have to provide the unit details to the developer? And double check with them...seems like another thing to check before entering an auction

@JCDeltaJason 10 ай бұрын

@@BF_official_my u can ask them like "im interested on this unit from auction, want to check on title transfer status. if havent do anything, will u all allowed direct of title or double transfer?" usually they will know the answer la... and auction agent should had told buyer of this tho...