Hiring a lawyer yourself is better

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Because they will look after your interests. But the cost is relatively high. You can use a lawyer fee calculator to make an estimate. On the other hand, if you choose not to be represented, you will save on lawyer fees. But you must still pay the buyer’s lawyer to handle the ownership transfer process. This cost is around RM3000.


Usually, you need to pay legal fees after you and the buyer signed the cayman islands whatsapp number database sale and purchase agreement. Don’t worry about the payment. You can deduct it from the deposit. 2) Lock-in period penalty Next is the lock-in period penalty. The lock-in period penalty is a fee that the bank charges if you sell your house within a specific period set by the bank after you obtain the loan.


This period is usually three to five years. How much is the penalty? It’s around 2% to 5% of the principal debt. For example, if your original debt is RM500,000 and the penalty rate is 3%, you’ll need to pay a penalty of RM15,000. Check your loan offer letter or contact the bank to learn more about this penalty. It might exist, or it might not.