1. Be familiar with the property
Identify those property lots which suit your needs and interest you and make necessary arrangement to survey the subject property.
2.Survey the Property
Work out on how much you can afford with your finances at maximum price that you intend to buy at auction. Remember that if your bid is successful, you will need to put down 10% deposit (bank draft) immediately from the reserve price and be prepared to ‘top up’ the different of the amount if the final auction price moves up from the reserve price.
3.Investigate the property
Find out the enquires you need. This includes outstanding bills (electricity, water & quit rent, maintenance charges) owing by the owner. Arrange legal assistance either with the Solicitors, State Authority or call the Auctioneer’s office to obtain the information needed and understand the Condition of Sale of the property in order to prepare yourself during the auction day.
4.Prepare the bank draft
Prepare a bank draft of 10% deposit (PUBLIC BANK BERHAD) of the reserve price, I/C or any other relevant documents and register at the counter.
5. Attend Public Auction
6. Successful & Sign Aggrement
7. Pay balance of 90% from purchase price by cash@ housing loan
8. Sign Letter Offer& SNP
9. End
