Comments on: What must you know before buying an auctioned property?

By: YS

YS — Mon, 13 Feb 2012 08:36:00 +0000

Hi,

Can i know, the 5% and 10% deposit is for downpayment of the unit we bid successfully or it is commission paying to the auction agent?

Regards,
YS

By: ongkl

ongkl — Wed, 16 Nov 2011 02:00:51 +0000

Hi Tan,

Your friend should consult his lawyer before doing anything on the property.

Regards,
OngKL

By: Tan KL

Tan KL — Wed, 02 Nov 2011 11:02:23 +0000

Hi Ong KL,

There are some doubts on auction properties which I like to get your advice. I have a friend already bought a auction property, It is an Apartment from bank with all the legal document and SPA signed and already start paying bank loan, but after 10 months of waiting, the Apartment strata title still haven’t transfer to him. He got the keys and Access card of that property.

Without the Strata Title under his name, This is means that He still not the lawful owner of this property right? . But at this point of time, He would like to rent out this property thru agent. It is correct to do so? If he insist to rent out this unit? what the worst senario can happen?

Thanks!

By: imshawn

imshawn — Fri, 13 Aug 2010 07:52:44 +0000

Hi OngKL,

I found your website recently & found it is quite informative, especially on property auction. Thinking of investing in auction property, could you shed some lights on how to choose a good location? Any experience or real case to share?
Thanks.

By: Why do you need to pay so much interest to bank?

Why do you need to pay so much interest to bank? — Thu, 10 Sep 2009 08:07:30 +0000

[...] Some of our featured articles include: “How to find good real estate/property agents?” “What must you know before buying auctioned properties?” “Where to find cheap properties?” “Why apartment can be the best real estate [...]

By: MRTA: What a mistake!

MRTA: What a mistake! — Thu, 10 Sep 2009 07:40:20 +0000

By: Bear Market Returns

Bear Market Returns — Thu, 10 Sep 2009 07:28:54 +0000

By: Invest in Real Estate via Property Company

Invest in Real Estate via Property Company — Thu, 10 Sep 2009 07:24:48 +0000

By: Sell house: When is the perfect time?

Sell house: When is the perfect time? — Thu, 10 Sep 2009 07:17:25 +0000

By: How to properly make an offer to buy a home?

How to properly make an offer to buy a home? — Thu, 10 Sep 2009 07:04:07 +0000

[...] write regularly about real estate investment. Some of our featured articles include: “What must you know before buying auctioned properties?” “Where to find cheap properties?” “Why apartment can be the best real estate [...]