Before Booking a Property
Before you do any booking, better check with any banks your loan eligibility to avoid any problem after booking a property.
Deposit 3.18% To Book a Property
If you book via property agent, ensure you deposit to the property agent company account not the agent personal account.
Please ask the agent, in what conditions your deposit can be forfeited.If you deal directly with owner, ensure you deposit to owner lawyer or via your lawyer.
Housing Loan Application
If via agent, you can get them to assist you to send loan applications to multiple banks.
If not, you can do it yourself.
If your loan get rejected ensure you have black and white. Most agent will want to see 2 rejected loans in order to refund your deposit.
Housing Loan Approval
When you receive your loan approval and have the cash to pay the remaining the deposit, you can sign the S&P.
S&P Signing
If you have any additional terms and conditions agreed with owner, ensure they are included inside the S&P.
Please vet through the agreement before signing.
Vacant Possession
Vacant Possession or VP means the unit is now belong to you. You can enter and occupy the unit.