Results 1 to 7 of 7

Thread: Buying condo without an agent

  1. #1
    Join Date
    Sep 2009
    Posts
    2

    Default Buying condo without an agent

    Hi all,

    I plan to buy a condo from my sister and we thought that there isn't a need to go through an agent. Any advice on the procedure and paperworks if we are do it ourselves? I know a lawyer will definitely be needed. Appreciate your advice and thanks in advance.

  2. #2
    Join Date
    May 2007
    Posts
    107

    Default

    Just ask the lawyer.Pay him after the transaction is over.

  3. #3
    Join Date
    Mar 2009
    Posts
    41

    Default

    Just engage a lawyer , since u buy from sis , you may go into S&P without option.


    Quote Originally Posted by gigilum
    Hi all,

    I plan to buy a condo from my sister and we thought that there isn't a need to go through an agent. Any advice on the procedure and paperworks if we are do it ourselves? I know a lawyer will definitely be needed. Appreciate your advice and thanks in advance.

  4. #4
    Join Date
    Nov 2008
    Posts
    1,141

    Default

    how is the relationship better you and sis?

  5. #5
    Join Date
    Jun 2009
    Posts
    128

    Default

    Since you found the place, you just need a lawyer. I think the agent is more for searching, advertising, arranging for viewings etc...

    The lawyer does the rest. The lawyer can do due diligence as well. But if the same lawyer represent both you and your sister, there might be some conflict of interest, just in case something turns bad, who will he side?

    If your sister is best pals with you, just use one lawyer. Otherwise, get one lawyer each, which may be the case as some banks (assuming you take a mortgage loan) due with only some lawyers form their panel. In any case, no need to involve the agent here.

  6. #6
    Join Date
    Apr 2009
    Posts
    171

    Default

    If your bank loan has a legal subsidy, then u can just use the lawyer. But do note the penalty if you terminate the loan.

  7. #7
    Join Date
    Sep 2009
    Posts
    2

    Default

    My relationship with sister is very good, so no issue of conflict. Basically it is just a transfer of ownership and I'll be getting a mortgage loan.

    Thanks and I appreciate the advice from all of you.

Similar Threads

  1. Sell condo without agent
    By tla in forum Singapore Private Condominium Property Discussion and News
    Replies: 7
    -: 26-12-16, 08:17
  2. Any recommendation for Managing Agent for condo less than 50 units
    By Sue Lin in forum Singapore Private Condominium Property Discussion and News
    Replies: 21
    -: 01-10-16, 10:56
  3. How to tell good condo managing agent from bad ones
    By Puddington in forum Singapore Private Condominium Property Discussion and News
    Replies: 11
    -: 25-10-15, 13:38
  4. Buying from housing agent whom is the owner of property
    By yukiari in forum Singapore Private Condominium Property Discussion and News
    Replies: 14
    -: 27-12-10, 10:16
  5. Renting out Prime Condo without using Property Agent
    By grange9 in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 26-07-08, 14:16

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •